| Peer-Reviewed

An Energy Market Model for Homes with Battery Energy Storage and Solar Photovoltaic Systems: A Case Study

Received: 25 September 2019    Accepted: 23 October 2019    Published: 8 November 2019
Views:       Downloads:
Abstract

The energy market is tending to be more flexible and therefore the price range of energy might vary a lot over the day. As a result, it might be feasible to consider energy storage systems for private households. This paper presents an average Ontario household case study that will be evaluated on an economical basis. The integration of energy storage systems has many advantage and could play an important role in smart-grids technology. Energy storage systems could save the energy cost depending on the dynamic price levels and also form solar PV panels if available. The presented work in this paper started from a simple basic analysis, presented a simple algorithm, and investigated the economic aspect possibilities. Adding energy storage system to household case is considered at the beginning. Then, the work has been extended to consider the integration of the solar photovoltaic panels/system which is presenting an advanced system which is very interesting to investigate. Also, the savings from self-generated energy, for the considered case study is presented. Finally, the current situation is evaluated and the suggested solutions and possibilities are presented. The role the technology role in the system cost and saving is confirmed and, up to now, the subventions for solar PV systems is still expected for economic feasibility.

Published in International Journal of Energy and Power Engineering (Volume 8, Issue 5)
DOI 10.11648/j.ijepe.20190805.11
Page(s) 66-72
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Energy Storage Systems (ESS), Battery Technologies, Solar Photovoltaic (PV), Systems and Household Case Study

References
[1] L. Zhang and X. Xiong, “The effects of a backup battery and a rooftop PV system on the comfort and cost of a smart home with flexible loads and an electrical vehicle,” Annual Connecticut Conference on Industrial Electronics, Technology & Automation (CT-IETA), 2016, pp. 1–7.
[2] A. Lorestani, M. M. Ardehali and G. B. Gharehpetian, “Optimal resource planning of smart home energy system under dynamic pricing based on invasive weed optimization algorithm,” Smart Grids Conference (SGC), 2016, pp. 1-8.
[3] P. Medina, A. W. Bizuayehu, J. P. S. Catalão, E. M. G. Rodrigues and J. Contreras, “Electrical Energy Storage Systems: Technologies' State-of-the-Art, Techno-economic Benefits and Applications Analysis,” 47th Hawaii International Conference on System Sciences, 2014, pp. 2295–2304.
[4] V. Omelianov and M. F. Abdel-Fattah, "Energy storage systems integration with household: A case study of average Ontario household using lead acid battery, " 2017 Saudi Arabia Smart Grid (SASG), Jeddah, 2017, pp. 1-6.
[5] F. Kazhamiaka, C. Rosenberg, and S. Keshav, Practical strategies for storage operation in energy systems: design and evaluation, IEEE Transactions on Sustainable Energy, vol. 7, iss. 4, Oct. 2016, pp. 1602-1610.
[6] X. Zhu, J. Yan, and N. Lu, A graphical performance-based energy storage capacity sizing method for high solar penetration residential feeders, IEEE Transactions on Smart Grid, vol. 8, iss. 1, Jan. 2017, pp. 3-12.
[7] P. Zhao, H. Wu, C. Gu, and I. Hernando-Gil, Optimal home energy management under hybrid photovoltaic-storage uncertainty: a distributionally robust chance-constrained approach, IET Renewable Power Generation, vol. 13, iss. 11, 2019, pp. 1911–1919.
[8] M. Rahmani-Andebili, and H. Shen, Price-controlled energy management of smart homes for maximizing profit of a GENCO, IEEE Transactions on Systems, Man, and Cybernetics: Systems, vol. 49, iss. 4, April 2019, pp. 697–709.
[9] The official Environment and Climate Change Canada data-Data Download for Ottawa (Kanata-Orléans). Available at: https://ottawa.weatherstats.ca/download.html
[10] The Independent Electricity System Operator (IESO)-Data Directory (webpage). Available at: http://www.ieso.ca/power-data/data-directory
[11] J. F. Peters, M. Baumann, B. Zimmermann, J. Braun, and M. Weil, “The environmental impact of Li-Ion batteries and the role of key parameters–A review,” Renewable and Sustainable Energy Reviews, Volume 67, 2017, pp. 491-506.
[12] S. Dhundhara, Y. P. Verma, and A. Williams, “Techno-economic analysis of the lithium-ion and lead-acid battery in microgrid systems,” Energy Conversion and Management, Volume 177, 2018, pp. 122-142.
[13] M. Baumann, J. F. Peters, M. Weil, and A. Grunwald, “CO2 Footprint and Life-Cycle Costs of Electrochemical Energy Storage for Stationary Grid Applications,” Energy Technol. 2017, 5, pp. 1071–1083.
[14] M. Baumann, J. Peters, M. Weil, C. Marcelino, P. Almeida and E. Wanner, "Environmental impacts of different battery technologies in renewable hybrid micro-grids," 2017 IEEE PES Innovative Smart Grid Technologies Conference Europe (ISGT-Europe), Torino, 2017, pp. 1-6.
[15] Average Cost of Solar Panels in Canada 2018. Available at: https://solarpanelpower.ca/cost-solar-panels-canada/#watt, (visited on 28.12.2018).
[16] How Solar Power Works in Canada. Available at: https://solarpanelpower.ca/how-solar-power-works-canada/, (visited on 29.12.2018).
Cite This Article
  • APA Style

    Mohamed F. Abdel-Fattah, Josef Punt. (2019). An Energy Market Model for Homes with Battery Energy Storage and Solar Photovoltaic Systems: A Case Study. International Journal of Energy and Power Engineering, 8(5), 66-72. https://doi.org/10.11648/j.ijepe.20190805.11

    Copy | Download

    ACS Style

    Mohamed F. Abdel-Fattah; Josef Punt. An Energy Market Model for Homes with Battery Energy Storage and Solar Photovoltaic Systems: A Case Study. Int. J. Energy Power Eng. 2019, 8(5), 66-72. doi: 10.11648/j.ijepe.20190805.11

    Copy | Download

    AMA Style

    Mohamed F. Abdel-Fattah, Josef Punt. An Energy Market Model for Homes with Battery Energy Storage and Solar Photovoltaic Systems: A Case Study. Int J Energy Power Eng. 2019;8(5):66-72. doi: 10.11648/j.ijepe.20190805.11

    Copy | Download

  • @article{10.11648/j.ijepe.20190805.11,
      author = {Mohamed F. Abdel-Fattah and Josef Punt},
      title = {An Energy Market Model for Homes with Battery Energy Storage and Solar Photovoltaic Systems: A Case Study},
      journal = {International Journal of Energy and Power Engineering},
      volume = {8},
      number = {5},
      pages = {66-72},
      doi = {10.11648/j.ijepe.20190805.11},
      url = {https://doi.org/10.11648/j.ijepe.20190805.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijepe.20190805.11},
      abstract = {The energy market is tending to be more flexible and therefore the price range of energy might vary a lot over the day. As a result, it might be feasible to consider energy storage systems for private households. This paper presents an average Ontario household case study that will be evaluated on an economical basis. The integration of energy storage systems has many advantage and could play an important role in smart-grids technology. Energy storage systems could save the energy cost depending on the dynamic price levels and also form solar PV panels if available. The presented work in this paper started from a simple basic analysis, presented a simple algorithm, and investigated the economic aspect possibilities. Adding energy storage system to household case is considered at the beginning. Then, the work has been extended to consider the integration of the solar photovoltaic panels/system which is presenting an advanced system which is very interesting to investigate. Also, the savings from self-generated energy, for the considered case study is presented. Finally, the current situation is evaluated and the suggested solutions and possibilities are presented. The role the technology role in the system cost and saving is confirmed and, up to now, the subventions for solar PV systems is still expected for economic feasibility.},
     year = {2019}
    }
    

    Copy | Download

  • TY  - JOUR
    T1  - An Energy Market Model for Homes with Battery Energy Storage and Solar Photovoltaic Systems: A Case Study
    AU  - Mohamed F. Abdel-Fattah
    AU  - Josef Punt
    Y1  - 2019/11/08
    PY  - 2019
    N1  - https://doi.org/10.11648/j.ijepe.20190805.11
    DO  - 10.11648/j.ijepe.20190805.11
    T2  - International Journal of Energy and Power Engineering
    JF  - International Journal of Energy and Power Engineering
    JO  - International Journal of Energy and Power Engineering
    SP  - 66
    EP  - 72
    PB  - Science Publishing Group
    SN  - 2326-960X
    UR  - https://doi.org/10.11648/j.ijepe.20190805.11
    AB  - The energy market is tending to be more flexible and therefore the price range of energy might vary a lot over the day. As a result, it might be feasible to consider energy storage systems for private households. This paper presents an average Ontario household case study that will be evaluated on an economical basis. The integration of energy storage systems has many advantage and could play an important role in smart-grids technology. Energy storage systems could save the energy cost depending on the dynamic price levels and also form solar PV panels if available. The presented work in this paper started from a simple basic analysis, presented a simple algorithm, and investigated the economic aspect possibilities. Adding energy storage system to household case is considered at the beginning. Then, the work has been extended to consider the integration of the solar photovoltaic panels/system which is presenting an advanced system which is very interesting to investigate. Also, the savings from self-generated energy, for the considered case study is presented. Finally, the current situation is evaluated and the suggested solutions and possibilities are presented. The role the technology role in the system cost and saving is confirmed and, up to now, the subventions for solar PV systems is still expected for economic feasibility.
    VL  - 8
    IS  - 5
    ER  - 

    Copy | Download

Author Information
  • School of Science and Engineering, Reykjavik University, Reykjavik, Iceland

  • School of Science and Engineering, Reykjavik University, Reykjavik, Iceland; Department of Electrical and Computer Engineering, Technical University of Munich, Munich, Germany

  • Sections