A Review on Peak Load Shaving in Microgrid—Potential Benefits, Challenges, and Future Trend

Md Masud Rana, Mohamed Atef, Md Rasel Sarkar, Moslem Uddin and Shafiullah Gm
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Md Masud Rana: Centre for Smart Grid Energy Research (CSMER), Department of Electrical and Electronic Engineering, University Teknologi PETRONAS, Seri Iskandar 32610, Malaysia
Mohamed Atef: Centre for Smart Grid Energy Research (CSMER), Department of Electrical and Electronic Engineering, University Teknologi PETRONAS, Seri Iskandar 32610, Malaysia
Md Rasel Sarkar: School of Engineering & Information Technology, The University of New South Wales, Canberra, ACT 2610, Australia
Moslem Uddin: School of Engineering & Information Technology, The University of New South Wales, Canberra, ACT 2610, Australia
Shafiullah Gm: Discipline of Engineering and Energy, Murdoch University, Perth, WA 6150, Australia

Energies, 2022, vol. 15, issue 6, 1-17

Abstract: This study aims to review the potential benefits of peak load shaving in a microgrid system. The relevance of peak shaving for a microgrid system is presented in this research review at the outset to justify the peak load shaving efficacy. The prospective benefits of peak shaving in microgrid systems, including technological, economic, and environmental advantages, are thoroughly examined. This review study also presents a cost–benefit numerical analysis to illustrate the economic viability of peak load shaving for a microgrid system. Different peak shaving approaches are briefly discussed, as well as the obstacles of putting them into practice. Finally, this review study reveals some potential future trends and possible directions for peak shaving research in microgrid systems. This review paper lays a strong foundation for identifying the potential benefits of peak shaving in microgrid systems and establishing suitable projects for practical effectuation.

Keywords: peak shaving; microgrids; battery energy storage system; energy distribution technique (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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