Residential battery sizing model using net meter energy data clustering

Tang, Rui; Yildiz, Baran; Leong, Philip H. W.; Vassallo, Anthony M.; Dore, Jonathon

doi:10.1016/j.apenergy.2019.113324

Cited by 25 publications

(21 citation statements)

References 43 publications

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“…Studies [22]- [25] simulate the BESS operation in real-time using a rule-based control method that utilizes power thresholds. This BESS control method is well established that aims mainly to achieve a self-consumption maximization (SCM).…”

Section: A Literature Reviewmentioning

confidence: 99%

“…For BESS degradation, the annual reduction in savings due to degradation was modelled as a rate of 1% in [5], 5% in [22] and 0.4% in [23]. In [7], [27], EV battery degradation model was adopted.…”

Section: A Literature Reviewmentioning

confidence: 99%

“…For the BESS lifetime, the warrantied lifetime specified by the majority of manufacturers is 10 years [33]. Yet, some studies [11], [21], [22], [24], [37] use lifetime values of larger than 10 years which might lead to misleading outcomes. B.…”

Section: A Cba Parameters and Assumptionsmentioning

confidence: 99%

See 2 more Smart Citations

A Comprehensive Robust Techno-Economic Analysis and Sizing Tool for the Small-Scale PV and BESS

Mohamed

Best

Liu

et al. 2022

IEEE Trans. Energy Convers.

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Battery energy storage systems (BESS) are receiving great attention due to their ability in maximizing self-consumption and energy arbitrage. However, in many countries, BESS profitability is still questionable without subsidy due to their high capital costs. This paper proposes an open-source generic tool to provide comprehensive techno-economic analysis on the smallscale PV/BESS. The proposed tool utilizes real-time BESS control method that has been validated using real experimental measurements in addition to integrating a reliable degradation model to determine the loss in savings due to capacity degradation. The profitability is investigated by conducting different costbenefit analyses for the PV and BESS. An optimization layer is introduced to find the optimal PV/BESS sizes that boost investment profitability by maximizing the net present value. A detailed case study is presented for a household in the UK under three different tariff structures that consider practical parameters and assumptions. Furthermore, sensitivity analyses are performed to evaluate the impact of the cost-benefit analysis assumptions on the PV/BESS sizing and profitability. Finally, the BESS investment viability is investigated over the next few years for different investment expectations to answer the question of when the BESS should be installed to be a viable economic-attractive option in the UK.

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Section: A Literature Reviewmentioning

confidence: 99%

Section: A Literature Reviewmentioning

confidence: 99%

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A Comprehensive Robust Techno-Economic Analysis and Sizing Tool for the Small-Scale PV and BESS

Mohamed

Best

Liu

et al. 2022

IEEE Trans. Energy Convers.

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“…Additionally, the declining in savings due to BESS degradation has been quantified using several methods, and the results were comparable. These methods include the use of fixed annual operation and maintenance (O&M) costs, savings degradation rate [9], and Li-ion degradation [27]. The presented results adopt the degradation factor (L) obtained from the degradation model [27], representing the yearly loss percentage in capacity/revenue in addition to a yearly O&M rate ( ) of the yearly capacity loss cost, this rate is introduced in agreement with the PV O&M by BEIS [28] to cover the O&M due to degradation and to compensate any error in the results obtained from the degradation model.…”

Section: B Case Studymentioning

confidence: 99%

“…The heat-pump loading as well as PV generation were considered for BESS sizing in [8]. In [9], a residential BESS sizing approach is proposed to maximize the net present value at the end of BESS lifetime in presence of PV for two tariff structures. Economic analysis for the installations of residential BESS equipped with PV can be found in [10].…”

Section: Introductionmentioning

confidence: 99%

Residential Battery Energy Storage Sizing and Profitability in the Presence of PV and EV

Mohamed

Best

Liu

et al. 2021

2021 IEEE Madrid PowerTech

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Residential battery energy storage systems (BESS) are having an important role in transitioning towards low carbon communities. However, BESS capital cost remains questionable. In this work, an optimization-based BESS sizing algorithm is developed to maximize the customer's profitability by minimizing the electricity import for 162 combinations of demand, solar photovoltaic (PV) and electric vehicle (EV). The sizing algorithm results are utilized in introducing empirical formulas that ease the determination of the near-optimal BESS capacity. The annual savings are quantified for various cases under different tariff rates and the BESS viability is investigated for new installations over the next 10 years. The results show that the residential BESS can be profitable in the UK starting from 2024 without any subsidy for the time of use tariffs.

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Operation Optimization Strategies for Power System Considering High Wind Power Permeability

Pu,

Zhang,

Ren

et al. 2024

Lecture Notes in Electrical Engineering

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Residential battery sizing model using net meter energy data clustering

Cited by 25 publications

References 43 publications

A Comprehensive Robust Techno-Economic Analysis and Sizing Tool for the Small-Scale PV and BESS

A Comprehensive Robust Techno-Economic Analysis and Sizing Tool for the Small-Scale PV and BESS

Residential Battery Energy Storage Sizing and Profitability in the Presence of PV and EV

Operation Optimization Strategies for Power System Considering High Wind Power Permeability

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