TY - GEN
T1 - A Dynamic Battery Charging Approach for Energy Trading in the Smart Grid
AU - Sharma, Avinash
AU - Rathore, Akshay Kumar
AU - Kumar, Rajesh
N1 - Publisher Copyright:
© 2018 IEEJ Industry Application Society.
PY - 2018/10/22
Y1 - 2018/10/22
N2 - Battery systems are going to play a major role in the emergence of the smart grid system. In this paper, we examined the effect of the battery system dynamics in the energy trading from the end-user perspective. In particular, a novel energy trading framework called Dynamic Battery Charging is developed to use the battery storage for energy trading strategically. Here, the market is considered to be partially decentralized with a two-way trade framework. The end-user is free to decide the amount of energy to bilaterally trade with the central grid. The proposal is tested and validated through a case study of three different load profiles (different in scale) in three energy markets. The simulation results clearly show the profitability of the proposed strategy in all test benchmarks. The proposed strategy resulted in 10-30% profit in Ontario, California and New-York market. Further, the prospect of reduced battery prices makes the proposal even more attractive.
AB - Battery systems are going to play a major role in the emergence of the smart grid system. In this paper, we examined the effect of the battery system dynamics in the energy trading from the end-user perspective. In particular, a novel energy trading framework called Dynamic Battery Charging is developed to use the battery storage for energy trading strategically. Here, the market is considered to be partially decentralized with a two-way trade framework. The end-user is free to decide the amount of energy to bilaterally trade with the central grid. The proposal is tested and validated through a case study of three different load profiles (different in scale) in three energy markets. The simulation results clearly show the profitability of the proposed strategy in all test benchmarks. The proposed strategy resulted in 10-30% profit in Ontario, California and New-York market. Further, the prospect of reduced battery prices makes the proposal even more attractive.
UR - http://www.scopus.com/inward/record.url?scp=85057295424&partnerID=8YFLogxK
U2 - 10.23919/IPEC.2018.8507562
DO - 10.23919/IPEC.2018.8507562
M3 - Conference contribution
AN - SCOPUS:85057295424
T3 - 2018 International Power Electronics Conference, IPEC-Niigata - ECCE Asia 2018
SP - 2456
EP - 2461
BT - 2018 International Power Electronics Conference, IPEC-Niigata - ECCE Asia 2018
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 8th International Power Electronics Conference, IPEC-Niigata - ECCE Asia 2018
Y2 - 20 May 2018 through 24 May 2018
ER -