Optimisation of photovoltaic system and storage

Abstract

Rooftop solar photovoltaic panels, household electrical energy storage (batteries), home energy management, interval metering and new tariffs will change the way that households use electricity from the grid. Distributed storage can give electricity retailers the ability to shift loads in response to changes in the wholesale price of electricity and constraints on the distribution network. What is the ideal mix of photovoltaic, storage and tariff for a customer? What is the value of these technologies to customers and to electricity retailers? In this paper we develop an algorithm that can help the customer size the photovoltaic panels and the battery to be installed, as well as choose which tariff structure would best suit them.

Mathematical Tools for Maximising Renewable Energy Use in Electricity Supply

“…We calculate the payback period for various energy storage configurations, and develop a method that can be used to estimate the ideal amount of storage for a household without requiring detailed data logs. The results have been published in [1,[5][6][7]. [3] …”