An optimization-based approach for assessing the benefits of residential battery storage in conjunction with solar PV

Elizabeth L. Ratnam; Steven R. Weller; Christopher M. Kellett

doi:10.1109/IREP.2013.6629420

An optimization-based approach for assessing the benefits of residential battery storage in conjunction with solar PV

Elizabeth L. Ratnam, Steven R. Weller, Christopher M. Kellett

School of Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

21 Citations (Scopus)

Abstract

If residential customers are billed the real-time cost of electricity, battery storage may provide a cost-benefit. Consequently there is an opportunity to reduce the consumer's cost of electricity by maximizing PV energy output and time-shifting load through battery storage. In this paper, we propose a framework based on quadratic programming by which the cost-benefit of energy time-shifting to a given customer may be evaluated. Accordingly, the consumer may justify expenditure on battery storage through either a least cost option of capital investment or choose to utilize existing electric vehicle (EV) battery storage, if available.

Original language	English
Title of host publication	Proceedings of IREP Symposium
Subtitle of host publication	Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013
DOIs	https://doi.org/10.1109/IREP.2013.6629420
Publication status	Published - 2013
Event	2013 IREP Symposium on Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013 - Rethymno, Greece Duration: 25 Aug 2013 → 30 Aug 2013

Publication series

Name	Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013

Conference

Conference	2013 IREP Symposium on Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013
Country/Territory	Greece
City	Rethymno
Period	25/08/13 → 30/08/13

Access to Document

10.1109/IREP.2013.6629420

Cite this

Ratnam, E. L., Weller, S. R., & Kellett, C. M. (2013). An optimization-based approach for assessing the benefits of residential battery storage in conjunction with solar PV. In Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013 Article 6629420 (Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013). https://doi.org/10.1109/IREP.2013.6629420

Ratnam, Elizabeth L. ; Weller, Steven R. ; Kellett, Christopher M. / An optimization-based approach for assessing the benefits of residential battery storage in conjunction with solar PV. Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013. 2013. (Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013).

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title = "An optimization-based approach for assessing the benefits of residential battery storage in conjunction with solar PV",

abstract = "If residential customers are billed the real-time cost of electricity, battery storage may provide a cost-benefit. Consequently there is an opportunity to reduce the consumer's cost of electricity by maximizing PV energy output and time-shifting load through battery storage. In this paper, we propose a framework based on quadratic programming by which the cost-benefit of energy time-shifting to a given customer may be evaluated. Accordingly, the consumer may justify expenditure on battery storage through either a least cost option of capital investment or choose to utilize existing electric vehicle (EV) battery storage, if available.",

author = "Ratnam, {Elizabeth L.} and Weller, {Steven R.} and Kellett, {Christopher M.}",

year = "2013",

doi = "10.1109/IREP.2013.6629420",

language = "English",

isbn = "9781479901999",

series = "Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013",

booktitle = "Proceedings of IREP Symposium",

note = "2013 IREP Symposium on Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013 ; Conference date: 25-08-2013 Through 30-08-2013",

}

Ratnam, EL, Weller, SR & Kellett, CM 2013, An optimization-based approach for assessing the benefits of residential battery storage in conjunction with solar PV. in Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013., 6629420, Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013, 2013 IREP Symposium on Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013, Rethymno, Greece, 25/08/13. https://doi.org/10.1109/IREP.2013.6629420

An optimization-based approach for assessing the benefits of residential battery storage in conjunction with solar PV. / Ratnam, Elizabeth L.; Weller, Steven R.; Kellett, Christopher M.
Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013. 2013. 6629420 (Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AB - If residential customers are billed the real-time cost of electricity, battery storage may provide a cost-benefit. Consequently there is an opportunity to reduce the consumer's cost of electricity by maximizing PV energy output and time-shifting load through battery storage. In this paper, we propose a framework based on quadratic programming by which the cost-benefit of energy time-shifting to a given customer may be evaluated. Accordingly, the consumer may justify expenditure on battery storage through either a least cost option of capital investment or choose to utilize existing electric vehicle (EV) battery storage, if available.

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Ratnam EL, Weller SR, Kellett CM. An optimization-based approach for assessing the benefits of residential battery storage in conjunction with solar PV. In Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013. 2013. 6629420. (Proceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013). doi: 10.1109/IREP.2013.6629420

An optimization-based approach for assessing the benefits of residential battery storage in conjunction with solar PV

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