Economic Operation Optimisation of Battery Energy Storage Systems in a Solar Rich Microgrid
Paper number
0435Conference name
CIRED 2018 Ljubljana WorkshopConference date
7 - 8 June 2018Conference location
Ljubljana, SloveniaPeer-reviewed
YesMetadata
Show full item recordAuthors
Jayawardana, Asanga, University of Wollongong, AustraliaFiorentini, Massimo, University of Wollongong, Australia
Robinson, Duane A., University of Wollongong, Australia
Agalgaonkar, Ashish P., University of Wollongong, Australia
Abstract
The increasing trend of connecting local distributed generation units to the grid has unlocked new economic opportunities for owners. This is supported by the ongoing development of energy storage technologies, especially battery based systems. In practice, battery storage systems typically operate based on control algorithms where tariff structures and future generation and load profiles are not taken into account. This paper investigates the results of a case study for a microgrid using a proposed optimisation model which minimizes cost by considering an import/export tariff structure. The effect of changing time resolution related to variations in demand and generation is examined, and the model assesses economic considerations related to operational capabilities of the battery energy storage.Publisher
AIMDate
2018-06-07Permanent link to this record
https://www.cired-repository.org/handle/20.500.12455/1126http://dx.doi.org/10.34890/160