Demand Response on the Russian Retail Market

Andrey Poddubny, Dmitry Senchuk, Alvaro Gonzalez-Castellanos, David Pozo

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Citations (Scopus)

Abstract

In this paper, the potential of reducing the electricity cost with the help of energy storage and controllable loads on the Russian retail electricity market is studied. The retail electricity market in Russia features different price categories, allowing consumers to reduce expenses with proper planning. Approximately 2/3 of the cost in flexible price categories is for the power consumption in specific hours, with the remaining 1/3 for the energy consumption itself. Because of the continued cost decrease of energy storage devices, they have become an increasingly more attractive investment, opening opportunities for economic savings combined with load shifting, which can occur either in a standalone manner or with the use of energy storage. In this paper, demand shifting is implemented in the Russian retail market, combined with the payback calculation for energy storage.

Original languageEnglish
Title of host publication2021 IEEE Madrid PowerTech, PowerTech 2021 - Conference Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781665435970
DOIs
Publication statusPublished - 28 Jun 2021
Event2021 IEEE Madrid PowerTech, PowerTech 2021 - Madrid, Spain
Duration: 28 Jun 20212 Jul 2021

Publication series

Name2021 IEEE Madrid PowerTech, PowerTech 2021 - Conference Proceedings

Conference

Conference2021 IEEE Madrid PowerTech, PowerTech 2021
Country/TerritorySpain
CityMadrid
Period28/06/212/07/21

Keywords

  • Demand Response
  • Energy Storage
  • Russian Power System

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