The purpose of this model is to help understand how the interaction between regulatory policies and the subsequent response of a Distribution System Operator (DSO) impact the DSOs financial performance. In particular, the model can be used to explore the interactions between regulatory decisions regarding tariff setting and quality penalty schemes, and DSO decisions with regards to cost control, investment levels and the resulting network quality performance. These interactions are analyzed on the basis of changes in the key financial performance indicators.
The development of Electrical Energy Storage technology (EES) carries the weight of huge expectations. According to an earlier International Electrotechnical Commission White Paper, many of the medium and long-term renewable energy targets that have been set by governments are impossible to achieve without a fundamental breakthrough in storage technology. Energy storage systems already exist, but a major technology shift is required to enable large-scale deployment.