Undergraduate Honors Theses

Thesis Defended

Spring 2018

Document Type

Thesis

Type of Thesis

Departmental Honors

Department

Economics

First Advisor

Daniel Kaffine

Second Advisor

Martin Boileau

Third Advisor

Asaf Bernstein

Abstract

In recent years, the technological capability and cost feasibility of energy storage have improved significantly. These improvements, coupled with pending regulation at the federal, state, and balancing authority level, may lead to higher prevalence of energy storage on power grids earlier than expected. Using a utility-level panel dataset, I regress utility reliability metrics on state levels of energy storage. Controlling for factors such as weather, utility operational characteristics, and geographic features of the utility territory, I find that there is indeed a positive relationship between energy storage capacity and reliability at the utility-level. Specifically, energy storage reduces the frequency at which interruptions occur.

Share

COinS