Effects of a Battery Energy Storage System on the Operating Schedule of a Renewable Energy-Based Time-of-Use Rate Industrial User under the Demand Bidding Mechanism of Taipower

Cheng-Ta Tsai, Yu-Shan Cheng, Kuen-Huei Lin and Chun-Lung Chen
Additional contact information
Cheng-Ta Tsai: Department of Marine Engineering, National Taiwan Ocean University (NTOU), No. 2, Beining Rd., Zhongzheng Dist., Keelung City 202, Taiwan
Yu-Shan Cheng: Department of Electrical Engineering, National Taiwan Ocean University (NTOU), No. 2, Beining Rd., Zhongzheng Dist., Keelung City 202, Taiwan
Kuen-Huei Lin: Department of Marine Engineering, National Taiwan Ocean University (NTOU), No. 2, Beining Rd., Zhongzheng Dist., Keelung City 202, Taiwan
Chun-Lung Chen: Department of Marine Engineering, National Taiwan Ocean University (NTOU), No. 2, Beining Rd., Zhongzheng Dist., Keelung City 202, Taiwan

Sustainability, 2021, vol. 13, issue 6, 1-15

Abstract: Due to the increased development of the smart grid, it is becoming crucial to have an efficient energy management system for a time-of-use (TOU) rate industrial user in Taiwan. In this paper, an extension of the direct search method (DSM) is developed to deal with the operating schedule of a TOU rate industrial user under the demand bidding mechanism of Taipower. To maximize the total incentive obtained from the Taiwan Power Company (TPC, namely Taipower), several operational strategies using a battery energy storage system (BESS) are evaluated in the study to perform peak shaving and realize energy conservation. The effectiveness of the proposed DSM algorithm is validated with the TOU rate industrial user of the TPC. Numerical experiments are carried out to provide a favorable indication of whether to invest in a BESS for the renewable energy-based TOU rate industrial user in order to execute the demand bidding program (DBP).

Keywords: smart grid; time-of-use; demand bidding program; battery energy storage system; direct search method (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/6/3576/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/6/3576/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:6:p:3576-:d:522645

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().