2014
DOI: 10.1155/2014/937329
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Charge Scheduling of an Energy Storage System under Time-of-Use Pricing and a Demand Charge

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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Cited by 38 publications
(22 citation statements)
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“…The author in [16] has pitched the logical solution to beating the on-peak hour charges. A similar approach has been adopted in this thesis as well.…”
Section: Related Workmentioning
confidence: 99%
See 2 more Smart Citations
“…The author in [16] has pitched the logical solution to beating the on-peak hour charges. A similar approach has been adopted in this thesis as well.…”
Section: Related Workmentioning
confidence: 99%
“…A similar approach has been adopted in this thesis as well. The conditions again differed from [16]. The idea for the battery control algorithm was primarily from interactions with the author of [3].…”
Section: Related Workmentioning
confidence: 99%
See 1 more Smart Citation
“…Energy storage systems are key components in green solutions because of their ability to harness renewable energy and exploit variations in electricity price. The work [7] applies a genetic algorithm to schedule charging of a single energy storage system for an electricity consumer subject to T.O.U. pricing and access to renewable energy.…”
Section: Related Workmentioning
confidence: 99%
“…In spare spaces like warehouses, an ESS for stabilizing the fluctuation of the PV generation system or adjusting the peak load of the smart home is installed [19,20]. Although interests in ESSs are rising for the self-reliance of smart home such as zero energy house, most of them are controlled according to time schedule or used in conjunction with PV generation systems [21,22]. In addition, a Home Energy Management System (HEMS) is installed for energy reduction and efficient use of smart home [23].…”
Section: Introductionmentioning
confidence: 99%