An Energy Market Model for Homes with Battery Energy Storage and Solar Photovoltaic Systems: A Case Study
International Journal of Energy and Power Engineering
Volume 8, Issue 5, September 2019, Pages: 66-72
Received: Sep. 25, 2019;
Accepted: Oct. 23, 2019;
Published: Nov. 8, 2019
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Mohamed F. Abdel-Fattah, School of Science and Engineering, Reykjavik University, Reykjavik, Iceland
Josef Punt, School of Science and Engineering, Reykjavik University, Reykjavik, Iceland; Department of Electrical and Computer Engineering, Technical University of Munich, Munich, Germany
The energy market is tending to be more flexible and therefore the price range of energy might vary a lot over the day. As a result, it might be feasible to consider energy storage systems for private households. This paper presents an average Ontario household case study that will be evaluated on an economical basis. The integration of energy storage systems has many advantage and could play an important role in smart-grids technology. Energy storage systems could save the energy cost depending on the dynamic price levels and also form solar PV panels if available. The presented work in this paper started from a simple basic analysis, presented a simple algorithm, and investigated the economic aspect possibilities. Adding energy storage system to household case is considered at the beginning. Then, the work has been extended to consider the integration of the solar photovoltaic panels/system which is presenting an advanced system which is very interesting to investigate. Also, the savings from self-generated energy, for the considered case study is presented. Finally, the current situation is evaluated and the suggested solutions and possibilities are presented. The role the technology role in the system cost and saving is confirmed and, up to now, the subventions for solar PV systems is still expected for economic feasibility.
Mohamed F. Abdel-Fattah,
An Energy Market Model for Homes with Battery Energy Storage and Solar Photovoltaic Systems: A Case Study, International Journal of Energy and Power Engineering.
Vol. 8, No. 5,
2019, pp. 66-72.
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