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Transition to decentralised electricity storage: the complexities of consumer decision-making and cost-benefit analyses

Citation

Hann, V, Transition to decentralised electricity storage: the complexities of consumer decision-making and cost-benefit analyses, Energy Policy, 147 Article 111824. ISSN 0301-4215 (2020) [Refereed Article]


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Official URL: https://www.sciencedirect.com/science/article/pii/...

DOI: doi:10.1016/j.enpol.2020.111824

Abstract

An industry-supported smart grid pilot on Bruny Island, Australia (20162019) trialled the cost-effectiveness and management of consumer-owned energy storage for a potential future grid. Understanding consumer decision-making is pivotal to smart-battery uptake and depends on a relevant value proposition. An in-depth, exploratory case study of a cost-benefit analysis (CBA) is presented, with the CBA found to be favourable, due to low ongoing costs and the pilot project subsidy. However, some pilot participants remained dissatisfied despite a beneficial CBA. This demonstrates additional logics outside of the CBA methodology. One example explored was the value of battery backup for reliability. Policy learnings include the fact that battery backup is an important value for prosumers in rural contexts. However, battery backup might have value and relevance in urban contexts where energy self-consumption can be maximised (for example, with the addition of electric vehicles). Finally, policy makers might consider smart-battery schemes to provide detailed, transparent, CBA-like data for energy consumers to enable transparency, trust, and more accessible information to assist decision-making processes.

Item Details

Item Type:Refereed Article
Keywords:cost-benefit analyses, residential battery systems, prosumers, smart grid, energy market politics, decision-making
Research Division:Human Society
Research Group:Sociology
Research Field:Sociology and social studies of science and technology
Objective Division:Energy
Objective Group:Energy storage, distribution and supply
Objective Field:Energy services and utilities
UTAS Author:Hann, V (Ms Veryan Hann)
ID Code:142945
Year Published:2020
Deposited By:Office of the School of Social Sciences
Deposited On:2021-02-17
Last Modified:2021-02-17
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