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Forbes has an interesting article about Tesla batteries for use by utilities. It jumps around between capital costs and operating costs. But the interesting part is that it cites several ways utilities view the value of storage. It is more than just peak versus off peak.
http://www.forbes.com/sites/jeffmcm...are-cheap-enough-to-prevent-new-power-plants/
http://www.forbes.com/sites/jeffmcm...are-cheap-enough-to-prevent-new-power-plants/