With the integration of more variable renewable energy, the need for storage
is growing. Rather than utility scale storage, smart grid technology (not
restricted, but mainly involving bidirectional communication between the
supply and demand side and dynamic pricing) enables flexible consumption to
be a virtual storage alternative for moderation of the production of
variable renewable energy sources on the micro grid level. A study,
motivated with energy loss allocation, electric demand and the legal
framework that is characteristic for the average Serbian household, was
performed using the HOMER software tool. The decision to shift or build
deferrable load rather than sell on site generated energy from variable
renewable energy sources to the grid was based on the consumer's net present
cost minimization. Based on decreasing the grid sales hours of the micro
grid system to the transmission grid from 3,498 to 2,009, it was shown that
the demand response could be included in long-term planning of the virtual
storage option. Demand responsive actions that could be interpreted as
storage investment costs were quantified to 1?2 per year in this article.
[Projekat Ministarstva nauke Republike Srbije, br. 42009: Smart grid]