{"title":"Optimal Sizing and Operation of Energy Storage for Demand Charge Management and PV Utilization","authors":"M. Narimani, B. Asghari, Ratnesh K. Sharma","doi":"10.1109/TDC.2018.8440302","DOIUrl":null,"url":null,"abstract":"This paper presents a method to determine optimal energy and power capacity of distributed Energy Storage Systems (ESS) in behind-the-meter applications to maximize local Photovoltaic (PV) utilization or minimize Demand Charge (DC) cost. The problem is solved as a multiobjective optimization model to obtain a set of Pareto optimal solutions for each scenario in each month. An approach is then presented to map the monthly Pareto fronts into a single yearly Pareto front. A cost benefit analysis has also been carried out to show the compromise between PV utilization, DC cost, and ESS cost.","PeriodicalId":6568,"journal":{"name":"2018 IEEE/PES Transmission and Distribution Conference and Exposition (T&D)","volume":"30 1","pages":"1-5"},"PeriodicalIF":0.0000,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"7","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2018 IEEE/PES Transmission and Distribution Conference and Exposition (T&D)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/TDC.2018.8440302","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 7
Abstract
This paper presents a method to determine optimal energy and power capacity of distributed Energy Storage Systems (ESS) in behind-the-meter applications to maximize local Photovoltaic (PV) utilization or minimize Demand Charge (DC) cost. The problem is solved as a multiobjective optimization model to obtain a set of Pareto optimal solutions for each scenario in each month. An approach is then presented to map the monthly Pareto fronts into a single yearly Pareto front. A cost benefit analysis has also been carried out to show the compromise between PV utilization, DC cost, and ESS cost.
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