Probabilistic sizing of battery energy storage when time-of-use pricing is applied
文摘
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A probabilistic battery sizing procedure is proposed for demand response applications.

The sizing procedure is based on a simple unconstrained minimization of a function.

The uncertainties of loads, prices and discount rate are taken into account in the total cost evaluation.

A simple formula is proposed to preliminary verify the profitability of the use of a battery technology.

Increase of the tariff values and load demand results in an increment of the optimal size of the battery.

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