Search results for "demand charge"
showing 5 items of 5 documents
Economic feasibility of stationary electrochemical storages for electric bill management applications: The Italian scenario
2016
Battery energy storage systems (BESSs) are expected to become a fundamental element of the electricity infrastructure, thanks to their ability to decouple generation and demand over time. BESSs can also be used to store electricity during low-price hours, when the demand is low, and to meet the demand during peak hours, thus leading to savings for the consumer. This work focuses on the economic viability of BESS from the point of view of the electricity customer. The analysis refers to a lithium-ion (Li-ion), an advanced lead-acid, a zinc-based, a sodium-sulphur (NaS) and a flow battery. The total investment and replacement costs are estimated in order to calculate the cumulated cash flow, …
Battery storage systems for peak load shaving applications: Part 2: Economic feasibility and sensitivity analysis
2016
This paper is the second of a two-part series, aiming to evaluate the economic feasibility of electrochemical storage systems in peak load shaving applications. The battery energy storage system (BESS) is considered to be added to a private facility, with the aim of reducing the customer electricity bill. The BESS is charged during the night, when the electricity prices are the lowest and discharged during the daily hours, when the prices are the highest, contemporary achieving a leveling of the daily usage pattern. The economical evaluations are carried out considering four different electrochemical technologies: lithium-ion (li-ion), advanced lead-acid, sodium-sulphur (NaS) and flow batte…
Battery storage systems for peak load shaving applications: Part 1: Operating strategy and modification of the power diagram
2016
Battery Energy Storage Systems (BESSs) are gaining more and more attention in the current global energy landscape, thanks to some peculiar characteristics such as the versatility, modularity, scalability, fast response time, etc. BESSs can advantageously be used in the ancillary services market, in order to provide all the services necessary to ensure the stability and the reliability of the power system. Among other applications, BESS can also be used to shift electricity demand from on-peak to off-peak periods, also contributing to relieve peak demand charges, thus ensuring a saving for the customers. The BESS is charged when the electricity prices are the lowest (during the night) and di…
Optimization of BESS Capacity Under a Peak Load Shaving Strategy
2018
Battery energy storage systems (BESSs) are becoming increasingly competitive in the global energy landscape, thanks to the strong cost reduction that has taken place in recent years and it is expected to continue in the next future. Among the many benefits BESSs can provide, time shifting can be exploited by electricity consumers to save on the electricity bill, charging the storage during the off-peak hours and discharging when the cost of electricity is high. This paper describes a simple procedure to optimize the BESS capacity under a peak load shaving strategy, in presence of a time-of-use (TOU) electricity rate, able to guarantee, at the same time, the flattest daily power diagram and …
DEMAND Project: A Peak Load Shaving Strategy for End-User Consumers
2018
Battery energy storage systems (BESS) are becoming increasingly widespread in modern power systems, thanks to the important benefits they can provide to the electricity grid. Indeed, BESS can be used in time shifting applications, storing energy during off-peak periods and discharging during peak times (when the cost of electricity is high). When BESS are used for peak shaving purposes, they also contribute to relieve peak demand charges, thus ensuring a saving for the consumers. This paper describes a peak load shaving strategy defined within the DEMAND project. The strategy is able to guarantee the flattest daily power diagram and the maximum benefit for the electricity consumers, reducin…