Authors
Valentin Muenzel, Iven Mareels, Julian de Hoog, Arun Vishwanath, Shivkumar Kalyanaraman, Andrew Gort
Publication date
2015/2/18
Conference
2015 IEEE Power & Energy Society Innovative Smart Grid Technologies Conference (ISGT)
Pages
1-5
Publisher
IEEE
Description
Favourable conditions in recent years have led to significant uptake of residential rooftop solar photovoltaic generation in many parts of the world. However, the cost-effectiveness of such systems is reducing due to declining subsidies, falling feed-in tariffs, and the typical timing mismatch between solar generation and local demand. In this paper, we investigate how this mismatch can be addressed by installing a customer-end storage system that provides an opportunity to maximally exploit the value of existing solar generation. The value of such storage depends on the extent of the coincidence of demand and generation, the size of the storage system, the pricing structure for both energy used and energy generated, any available feed-in tariffs, and the cost of the storage itself. An optimal storage operational strategy using dynamic programming is introduced and a variety of storage system sizes and price scenarios …
Total citations
20152016201720182019202020212022202320242713610815534
Scholar articles
V Muenzel, I Mareels, J de Hoog, A Vishwanath… - 2015 IEEE Power & Energy Society Innovative Smart …, 2015