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arXiv · 1407.3077

Charge Scheduling of an Energy Storage System under Time-of-use Pricing and a Demand Charge

Yourim Yoon·Yong-Hyuk Kim
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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.

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Yourim Yoon, Yong-Hyuk Kim. 2014-07-11. Charge Scheduling of an Energy Storage System under Time-of-use Pricing and a Demand Charge. https://arxiv.org/abs/1407.3077

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