Economic Operation Optimisation of Battery Energy Storage Systems in a Solar Rich Microgrid

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Paper number
0435
Working Group Number
Conference name
CIRED 2018 Ljubljana Workshop
Conference date
7 - 8 June 2018
Conference location
Ljubljana, Slovenia
Peer-reviewed
Yes
Short title
Convener
Authors
Jayawardana, Asanga, University of Wollongong, Australia
Fiorentini, 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.
Table of content
Keywords
Publisher
AIM
Date
2018-06-07
Permanent link to this record
https://www.cired-repository.org/handle/20.500.12455/1126
http://dx.doi.org/10.34890/160
ISSN
2032-9628
ISBN
978-2-9602415-1-8