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Title: Energy management system for microgrids including batteries with degradation costs
Authors: Ju, Chengquan
Wang, Peng
Keywords: Energy storage
Energy management system
Issue Date: 2016
Source: Ju, C., & Wang, P. (2016). Energy management system for microgrids including batteries with degradation costs. 2016 IEEE International Conference on Power System Technology (POWERCON).
Conference: 2016 IEEE International Conference on Power System Technology (POWERCON)
Abstract: Integration of renewable energy source (RES) and energy storage system (ESS) in microgrids has a potential benefit to users and system operators. However, new operating issues brought by RES and high cost of ESS need to be scrutinized for economic operation of microgrids. In order to evaluate the economic operation, this paper presents a predictive energy management system (EMS) for microgrids that manifests the process of battery degradation under the minimum system operating cost. The proposed EMS provides the power dispatch based on the hourly-ahead price and forecast data in a most cost-saving way, in which the battery degradation cost with respect to the depth of charge and lifetime is incorporated, transforming the long-term installation cost to the short-term operational cost that accounts for the real-time scheduling. The effectiveness of the proposed method is illustrated by case studies in the simulation.
DOI: 10.1109/POWERCON.2016.7754011
Schools: School of Electrical and Electronic Engineering 
Interdisciplinary Graduate School (IGS) 
Research Centres: Energy Research Institute @ NTU (ERI@N) 
Rights: © 2016 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. The published version is available at: [].
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:EEE Conference Papers
ERI@N Conference Papers
IGS Conference Papers

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