Charge Scheduling of an Energy Storage System under Time-of-use Pricing and a Demand Charge

07/11/2014

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by   Yourim Yoon, et al.

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A real-coded genetic algorithm is used to schedule the charging of an energy storage system (ESS), operated in tandem with renewable power by an electricity consumer who is subject to time-of-use pricing and a demand charge. Simulations based on load and generation profiles of typical residential customers show that an ESS scheduled by our algorithm can reduce electricity costs by approximately 17 scheduling algorithm based on net power.