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

Thumbnail Image

Files

CIRED 2018 Ljubljana WS - 0435 - 20845.pdf (731.77 KB)

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

Published in

CIRED 2018 Ljubljana Workshop on Microgrids and Local Energy Communities

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