Abstract
The increasing penetration of intermittent Renewable Energy Sources (RES) such as PV generators in the residential distribution grid raises technical concerns. Residential energy storage is an enabling technology for mitigating the adverse effects of the increasing RES penetration and provides the necessary flexibility for its owner to participate in electricity markets or in market-based control schemes. This paper presents a model for calculating the "cost of use" for Li-Ion batteries. The cost of use depends on the usage pattern of the battery, indicated by the Depth of Discharge (DoD). Knowledge of the "cost of use" is needed for the economic optimization of the PV-storage system and the bid formulation in the electricity market.
Original language | English |
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Title of host publication | Proceedings 49th International Universities' Power Engineering Conference (UPEC) 2014, 2-5 September 2014, Cluj-Napoca, Romania |
Publisher | Institute of Electrical and Electronics Engineers |
Pages | 1-6 |
ISBN (Print) | 978-1-4799-6556-4 |
DOIs | |
Publication status | Published - 2014 |
Event | 49th International Universities' Power Engineering Conference (UPEC 2014) - Technical University of Cluj-Napoca, Cluj-Napoca, Romania Duration: 2 Sep 2014 → 5 Sep 2014 Conference number: 49 http://www.upec2014.com/ |
Conference
Conference | 49th International Universities' Power Engineering Conference (UPEC 2014) |
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Abbreviated title | UPEC 2014 |
Country/Territory | Romania |
City | Cluj-Napoca |
Period | 2/09/14 → 5/09/14 |
Internet address |