An optimization-based approach for assessing the benefits of residential battery storage and solar PV

Title: An optimization-based approach for assessing the benefits of residential battery storage and solar PV
Creator: Ratnam, Elizabeth L.; Weller, Steven R.; Kellett, Christopher M.
Relation: Bulk Power System Dynamics and Control Symposium - IX Optimization, Security and Control of the Emerging Power Grid (IREP 2013). Proceedings of the 2013 IREP Symposium (Rethymnon, Greece 25-30 August, 2103)
Publisher Link: http://dx.doi.org/10.1109/IREP.2013.6629420
Publisher: Institute of Electrical and Electronics Engineers (IEEE)
Resource Type: conference paper
Date: 2013
Description: 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 timeshifting 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.
Subject: batteries; electricity; topology; power measurement; equations; vectors; minimization
Identifier: http://hdl.handle.net/1959.13/1318091
Identifier: uon:23557
Identifier: ISBN:9781479901999
Language: eng

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