Abstract
If residential customers are billed the real-time cost of electricity, battery storage may provide a cost-benefit. Consequently there is an opportunity to reduce the consumer's cost of electricity by maximizing PV energy output and time-shifting load through battery storage. In this paper, we propose a framework based on quadratic programming by which the cost-benefit of energy time-shifting to a given customer may be evaluated. Accordingly, the consumer may justify expenditure on battery storage through either a least cost option of capital investment or choose to utilize existing electric vehicle (EV) battery storage, if available.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of IREP Symposium |
| Subtitle of host publication | Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013 |
| Publisher | IEEE, Institute of Electrical and Electronics Engineers |
| ISBN (Print) | 9781479901999 |
| DOIs | |
| Publication status | Published - 2013 |
| Externally published | Yes |
| Event | Bulk Power System Dynamics and Control Symposium 2013 - Rethymno, Greece Duration: 25 Aug 2013 → 30 Aug 2013 https://ieeexplore.ieee.org/xpl/conhome/6616068/proceeding (Proceedings) |
Conference
| Conference | Bulk Power System Dynamics and Control Symposium 2013 |
|---|---|
| Abbreviated title | IREP 2013 |
| Country/Territory | Greece |
| City | Rethymno |
| Period | 25/08/13 → 30/08/13 |
| Internet address |
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