2018
DOI: 10.3390/en11051166
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Real-Time Demand Side Management Algorithm Using Stochastic Optimization

Abstract: A demand side management technique is deployed along with battery energy-storage systems (BESS) to lower the electricity cost by mitigating the peak load of a building. Most of the existing methods rely on manual operation of the BESS, or even an elaborate building energy-management system resorting to a deterministic method that is susceptible to unforeseen growth in demand. In this study, we propose a real-time optimal operating strategy for BESS based on density demand forecast and stochastic optimization. … Show more

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Cited by 14 publications
(10 citation statements)
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References 24 publications
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“…To prevent the utility power from exceeding the contracted power in real-time scheduling, a surcharging system is considered in the second scheduling stage. The electric meter installed by Korea Electric Power Corporation (KEPCO), South Korea, estimates the peak power over a 15-min period [34]. When the peak power that updated from the electric meter exceeds the contracted power, KEPCO imposes extra charges for overuse.…”
Section: Inequality Constraintsmentioning
confidence: 99%
“…To prevent the utility power from exceeding the contracted power in real-time scheduling, a surcharging system is considered in the second scheduling stage. The electric meter installed by Korea Electric Power Corporation (KEPCO), South Korea, estimates the peak power over a 15-min period [34]. When the peak power that updated from the electric meter exceeds the contracted power, KEPCO imposes extra charges for overuse.…”
Section: Inequality Constraintsmentioning
confidence: 99%
“…Since electric demand exists in real-life with uncertainties a DMS solution that ignores the uncertainty factor is susceptible to errors. In such a case the BESS schedule will not be robust, and peak demand might not be resolved in cases where demand forecast substantially deviates from observed demand [13]. Figure 1a shows demand forecast as a probability distribution in the day horizon, this is denoted as a demand probability distribution (DPD) profile.…”
Section: Dynamic-interval Density Forecastmentioning
confidence: 99%
“…The study does not consider peak demand control using BESS. The research by [13] discusses a real-time dynamic interval density forecast to account for future demand uncertainties. The DSM solution is focused on the use of stationary BESS for peak demand control using stochastic optimization.…”
Section: Introductionmentioning
confidence: 99%
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“…A reliability study of a power system with DSM is presented in [1]. Since a plan for load curtailment can only be prepared when load forecasting is reliable, stochastic optimization and Gray Wolf Optimization (GWO)-based load forecasting and subsequent DSM programs are presented in [2,3]. Load shifting is also an alternative method of performing DSM.…”
mentioning
confidence: 99%