Search results for "Flexible electricity price"

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Technical and economical assessment of distributed electrochemical storages for load shifting applications: An Italian case study

2016

Time-of-use (TOU) energy cost management involves the use of energy storage systems (ESSs) by customers to reduce their electricity bills. The ESS is charged during off-peak time periods, when electricity energy prices are low, and discharged during times when on-peak energy prices are applied. This article addresses the question whether it is economically viable to install medium-scale distributed ESSs designed to lower the electricity cost for a customer-side application, assuming flexible electricity tariffs. The technical/economical evaluation is carried out referring to lithium-ion (Li-ion), sodium sulfur (NaS) and vanadium redox battery (VRB) technologies, performing a parametric anal…

Operations researchbusiness.industryRenewable Energy Sustainability and the Environment020209 energyLoad shifting;Flexible electricity price;Case study;Battery energy storage;Technical-economical evaluationCase studyFlexible electricity pricePublic institutionBattery energy storage02 engineering and technologyEnvironmental economicsVanadium redox batteryEnergy storageTechnical-economical evaluationSettore ING-IND/33 - Sistemi Elettrici Per L'EnergiaStand-alone power systemLoad shifting0202 electrical engineering electronic engineering information engineeringEconomicsCapital costElectricitybusinessElectricity retailingLoad shifting
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