Charge scheduling of an energy storage system under time-of-use pricing and a demand charge

ScientificWorldJournal. 2014:2014:937329. doi: 10.1155/2014/937329. Epub 2014 Aug 13.

Abstract

A real-coded genetic algorithm is used to schedule the charging of an energy storage system (ESS), operated in tandem with renewable power by an electricity consumer who is subject to time-of-use pricing and a demand charge. Simulations based on load and generation profiles of typical residential customers show that an ESS scheduled by our algorithm can reduce electricity costs by approximately 17%, compared to a system without an ESS and by 8% compared to a scheduling algorithm based on net power.

MeSH terms

  • Algorithms*
  • Computer Simulation
  • Conservation of Energy Resources / economics*
  • Costs and Cost Analysis / methods*
  • Electric Power Supplies / economics*
  • Fee Schedules
  • Time Factors