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This paper presents an optimization algorithm used for energy controllers. Residential users can define the beginning and terminating times of elastic electricity use. Real-time pricing information is provided through smart meters by a utility company. Users can make informed decisions regarding energy scheduling to minimize total electricity tariff. In the proposed method, the elastic electricity...
Smart grids can help Plug-in Electric Vehicles (PEV) manage their load in a grid-friendly way. In this paper, we consider the case of PEVs participating in a retail double auction electricity regulation market, as in the so-called "transactive control" paradigm. Price-responsive charging of PEVs is modeled in conjunction with real-time retail price signals from the utility. PEVs can defer...
Falling battery costs and increasing grid power costs have generated new market opportunities. Due to high costs, energy storage systems (ESS) typically require multiple use cases to justify their costs. ESS has shown promise for future economic and technical solutions due to potential benefits from energy storage arbitrage. Historically, ESSs with a directly connected photovoltaic (PV) system could...
In this paper, the benefits that can be derived from the installation of an energy storage system in an industrial facility are analyzed, and an optimal control strategy of the storage system is proposed. The proposed control strategy is based on a two-step procedure and aims at (i) reducing the electricity costs sustained by an industrial customer that provides demand response and (ii) satisfying...
Widespread renewable energy resources cause short-term supply-demand imbalance. It is desirable to use Demand Response (DR) for solving balancing problem. Controlling consumers' energy storages (ES) is promising in this regard. However, consumer's ES based DR for short-term supply-demand imbalance suffers from reliability problems caused by both, unexpected state of charge (SoC) saturation/depletion...
This paper presents the methodology, results and analysis of the feasibility of residential battery storage for energy arbitrage in the context of the Australian retail electricity market. The economic feasibility of a residential battery storage system was determined by its ability to achieve residential cost savings from undertaking energy arbitrage, which is: the implementation of a battery system...
Photovoltaic (PV) systems are rapidly gaining acceptance as some of the best alternative energy sources. In installation area of large PV/battery system, it requires appropriate operation for example of a method considering power output fluctuation and insolation forecasts errors. In addition, it is better to minimize the size of battery and its capital cost. This paper proposes an optimization approach...
The introduction of Electric Vehicles (EVs) together with the implementation of smart grids will raise new challenges to power system operators. This paper proposes a demand response program for electric vehicle users which provides the network operator with another useful resource that consists in reducing vehicles charging necessities. This demand response program enables vehicle users to get some...
A parameter estimation problem for strategy of energy user is considered. The problem is called strategy identification of energy users. Supposing the real time electricity market and/or demand response, the user behavior data are used to estimate the strategy of energy users. In a case study, estimation of battery capacity owned by the energy user is illustrated and the identifiability condition...
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