Energy Storage Science and Technology ›› 2022, Vol. 11 ›› Issue (7): 2332-2343.doi: 10.19799/j.cnki.2095-4239.2021.0605

• Technical Economic Analysis of Energy Storage • Previous Articles     Next Articles

Australia policy mechanisms and business models for energy storage and their applications to china

Guojing LIU1(), Bingjie LI1, Xiaoyan HU1, Fen YUE2(), Jiqiang XU2   

  1. 1.Economic Research Institute, Jiangsu Electric Power Company, State Grid, Nanjing 210000, Jiangsu, China
    2.Esonline (Beijing) Technology Co. Ltd. , Beijing 100022, China
  • Received:2021-10-10 Revised:2021-11-20 Online:2022-07-05 Published:2022-06-29
  • Contact: Fen YUE E-mail:278053997@qq.com;396588503@qq.com

Abstract:

The rise and advancement of energy storage cannot be separated from policy encouragement and mechanism support. Australia has a mature free power market, which provides the basis and conditions for energy storage to create a business model. Meanwhile, Australia has altered legislation and market rules inhibiting the growth of energy storage in recent years, progressively removing the barriers to large-scale application and participation in the power market, which is something China should learn from. In this study, the development status and future market demand for energy storage in Australia are first summarized. The income sources of household energy storage and large-scale energy storage participating in the power market are studied. Furthermore, the Australian Federal government's policy incentives and rule modifications in r&d and demonstration project support, state energy storage-related subsidies, market registration subject identity, transaction settlement mechanism, additional revenue sources, and other aspects are examined in depth. Finally, Australia's enlightenment in China is summarized.

Key words: energy storage, policy, electricity market, business model, cost recovery mechanism

CLC Number: