Operational strategy and economic analysis of energy storage system for customer-side devices

Zhen Wang; Peifen Weng; Jiang Liu

doi:10.1117/12.2660357

16 December 2022 Operational strategy and economic analysis of energy storage system for customer-side devices

Zhen Wang, Peifen Weng, Jiang Liu

Proceedings Volume 12500, Fifth International Conference on Mechatronics and Computer Technology Engineering (MCTE 2022); 125002Z (2022) https://doi.org/10.1117/12.2660357
Event: 5th International Conference on Mechatronics and Computer Technology Engineering (MCTE 2022), 2022, Chongqing, China

Abstract

With the continuous development of battery technology, the potential of peak-valley arbitrage of customer-side energy storage systems has been gradually explored, and electricity users with high power consumption and irregular peak-valley distribution can better reduce their electricity bills by installing energy storage systems and achieve the maximum use benefit of customer-side energy storage for peak and valley regulation. The simulation results show that the optimization model can reduce the peak-to-valley difference effectively and shift part of the load from the high tariff time to the low tariff time, which can reduce 3.83% of the customer's electricity bill and is economically feasible.

Citation Download Citation

Zhen Wang, Peifen Weng, and Jiang Liu "Operational strategy and economic analysis of energy storage system for customer-side devices", Proc. SPIE 12500, Fifth International Conference on Mechatronics and Computer Technology Engineering (MCTE 2022), 125002Z (16 December 2022); https://doi.org/10.1117/12.2660357

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