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We develop a new convex optimization (CO)-based charge/discharge scheduling algorithm for distributed energy storage systems (ESSs) co-located with solar photovoltaic (PV) systems. The CO-based scheduling algorithm minimizes the monthly electricity expenses of a customer who owns an ESS and incorporates both a time-of-use volumetric tariff and a demand charge tariff. Further, we propose the novel...
In this study, production forecast value is investigated using day-ahead market (DAM) and real-time market (RTM) locational marginal prices (LMP) at 63 sites in California. Using the North American Mesoscale (NAM) Model, day-ahead global horizontal irradiance (GHI) forecasts are established and converted to power assuming that a 1MW solar photovoltaic plant is co-located at each observation site....
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