Dynamic response price of energy storage power station

4 FAQs about [Dynamic response price of energy storage power station]

Why is energy storage and demand response important in China?

Providing valuable policy implications for the development of energy storage and demand response in China. Energy storage and demand response offer critical flexibility to support the integration of intermittent renewable energy and ensure the stable operation of the power system.

How does energy storage affect demand response?

The utilization of demand response is offset by the more cost-effective flexibility options provided by energy storage, leading substitution between energy storage and demand response. Nevertheless, as demand response capacity and time period increase, demand response grows rapidly.

Are energy storage and demand response a viable solution?

Energy storage and demand response are widely regarded as promising solutions to these challenges.

How does energy storage and demand response affect transmission line deployment?

When the demand response period is within 8am-8pm, energy storage and demand response facilitate a reduction in transmission line deployment. And the expansion of transmission lines reduces the deployment of energy storage and increases in usage in demand response.

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