Cloud Energy Storage Management System with Price Fluctuations and Distributed Generation Intermittency

Nidhi; K. Srikanth Reddy; Rajesh Kumar; B. K. Panigrahi

doi:10.1109/IICPE.2018.8709553

Cloud Energy Storage Management System with Price Fluctuations and Distributed Generation Intermittency

Nidhi
, K. Srikanth Reddy
, Rajesh Kumar
, B. K. Panigrahi

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

12 Citations (Scopus)

Abstract

The fluctuations of electricity prices in demand response schemes and intermittency of renewable energy supplies necessitate the adoption of energy storage in power systems. These energy storage system require some management strategies to deliver energy optimally in the presence of intermittent behavior of the renewable generation and the dynamic nature of electricity price. This paper presents a cost minimization algorithm based on arbitrary threshold price to charge and discharge the energy storage devices in an optimal way to reduce the electricity cost. This considers distributed generation such as photo-voltaic (PV) generation (domestic rooftop solar and commercial rooftop solar) with cloud energy storage (CES) which reduces the electricity cost by charging the energy storage devices at a negligible price when compared with conventional sources. The simulation results based on load, »domestic and commercial photovoltaic generation'', »wholesale electricity prices of small and medium consumers» for the case study show the feasibility of the proposed approach algorithm for CES management system for cost minimization.

Original language	English
Title of host publication	8th IEEE India International Conference on Power Electronics, IICPE 2018
Publisher	IEEE Computer Society
ISBN (Electronic)	9781538649961
DOIs	https://doi.org/10.1109/IICPE.2018.8709553
Publication status	Published - 2 Jul 2018
Externally published	Yes
Event	8th IEEE India International Conference on Power Electronics, IICPE 2018 - Jaipur, India Duration: 13 Dec 2018 → 15 Dec 2018

Publication series

Name	India International Conference on Power Electronics, IICPE
Volume	2018-December
ISSN (Print)	2160-3162
ISSN (Electronic)	2160-3170

Conference

Conference	8th IEEE India International Conference on Power Electronics, IICPE 2018
Country/Territory	India
City	Jaipur
Period	13/12/18 → 15/12/18

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Cloud energy storage
Commercial rooftop photo-voltaic generation
Distributed energy storage
Domestic rooftop photo-voltaic generation
Energy storage management

ASJC Scopus subject areas

Control and Systems Engineering
Energy Engineering and Power Technology
Electrical and Electronic Engineering

Access to Document

10.1109/IICPE.2018.8709553

Cite this

Nidhi, Srikanth Reddy, K., Kumar, R., & Panigrahi, B. K. (2018). Cloud Energy Storage Management System with Price Fluctuations and Distributed Generation Intermittency. In 8th IEEE India International Conference on Power Electronics, IICPE 2018 Article 8709553 (India International Conference on Power Electronics, IICPE; Vol. 2018-December). IEEE Computer Society. https://doi.org/10.1109/IICPE.2018.8709553

@inproceedings{c6afbf59629246d2a1be5825eb8d8ca0,

title = "Cloud Energy Storage Management System with Price Fluctuations and Distributed Generation Intermittency",

abstract = "The fluctuations of electricity prices in demand response schemes and intermittency of renewable energy supplies necessitate the adoption of energy storage in power systems. These energy storage system require some management strategies to deliver energy optimally in the presence of intermittent behavior of the renewable generation and the dynamic nature of electricity price. This paper presents a cost minimization algorithm based on arbitrary threshold price to charge and discharge the energy storage devices in an optimal way to reduce the electricity cost. This considers distributed generation such as photo-voltaic (PV) generation (domestic rooftop solar and commercial rooftop solar) with cloud energy storage (CES) which reduces the electricity cost by charging the energy storage devices at a negligible price when compared with conventional sources. The simulation results based on load, »domestic and commercial photovoltaic generation'', »wholesale electricity prices of small and medium consumers» for the case study show the feasibility of the proposed approach algorithm for CES management system for cost minimization.",

keywords = "Cloud energy storage, Commercial rooftop photo-voltaic generation, Distributed energy storage, Domestic rooftop photo-voltaic generation, Energy storage management",

author = "Nidhi and \{Srikanth Reddy\}, K. and Rajesh Kumar and Panigrahi, \{B. K.\}",

note = "Publisher Copyright: {\textcopyright} 2018 IEEE.; 8th IEEE India International Conference on Power Electronics, IICPE 2018 ; Conference date: 13-12-2018 Through 15-12-2018",

year = "2018",

month = jul,

day = "2",

doi = "10.1109/IICPE.2018.8709553",

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Nidhi, Srikanth Reddy, K, Kumar, R & Panigrahi, BK 2018, Cloud Energy Storage Management System with Price Fluctuations and Distributed Generation Intermittency. in 8th IEEE India International Conference on Power Electronics, IICPE 2018., 8709553, India International Conference on Power Electronics, IICPE, vol. 2018-December, IEEE Computer Society, 8th IEEE India International Conference on Power Electronics, IICPE 2018, Jaipur, India, 13/12/18. https://doi.org/10.1109/IICPE.2018.8709553

Cloud Energy Storage Management System with Price Fluctuations and Distributed Generation Intermittency. / Nidhi; Srikanth Reddy, K.; Kumar, Rajesh et al.
8th IEEE India International Conference on Power Electronics, IICPE 2018. IEEE Computer Society, 2018. 8709553 (India International Conference on Power Electronics, IICPE; Vol. 2018-December).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Cloud Energy Storage Management System with Price Fluctuations and Distributed Generation Intermittency

AU - Nidhi,

AU - Srikanth Reddy, K.

AU - Kumar, Rajesh

AU - Panigrahi, B. K.

PY - 2018/7/2

Y1 - 2018/7/2

N2 - The fluctuations of electricity prices in demand response schemes and intermittency of renewable energy supplies necessitate the adoption of energy storage in power systems. These energy storage system require some management strategies to deliver energy optimally in the presence of intermittent behavior of the renewable generation and the dynamic nature of electricity price. This paper presents a cost minimization algorithm based on arbitrary threshold price to charge and discharge the energy storage devices in an optimal way to reduce the electricity cost. This considers distributed generation such as photo-voltaic (PV) generation (domestic rooftop solar and commercial rooftop solar) with cloud energy storage (CES) which reduces the electricity cost by charging the energy storage devices at a negligible price when compared with conventional sources. The simulation results based on load, »domestic and commercial photovoltaic generation'', »wholesale electricity prices of small and medium consumers» for the case study show the feasibility of the proposed approach algorithm for CES management system for cost minimization.

AB - The fluctuations of electricity prices in demand response schemes and intermittency of renewable energy supplies necessitate the adoption of energy storage in power systems. These energy storage system require some management strategies to deliver energy optimally in the presence of intermittent behavior of the renewable generation and the dynamic nature of electricity price. This paper presents a cost minimization algorithm based on arbitrary threshold price to charge and discharge the energy storage devices in an optimal way to reduce the electricity cost. This considers distributed generation such as photo-voltaic (PV) generation (domestic rooftop solar and commercial rooftop solar) with cloud energy storage (CES) which reduces the electricity cost by charging the energy storage devices at a negligible price when compared with conventional sources. The simulation results based on load, »domestic and commercial photovoltaic generation'', »wholesale electricity prices of small and medium consumers» for the case study show the feasibility of the proposed approach algorithm for CES management system for cost minimization.

KW - Cloud energy storage

KW - Commercial rooftop photo-voltaic generation

KW - Distributed energy storage

KW - Domestic rooftop photo-voltaic generation

KW - Energy storage management

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DO - 10.1109/IICPE.2018.8709553

M3 - Conference contribution

AN - SCOPUS:85065876207

T3 - India International Conference on Power Electronics, IICPE

BT - 8th IEEE India International Conference on Power Electronics, IICPE 2018

PB - IEEE Computer Society

T2 - 8th IEEE India International Conference on Power Electronics, IICPE 2018

Y2 - 13 December 2018 through 15 December 2018

ER -

Cloud Energy Storage Management System with Price Fluctuations and Distributed Generation Intermittency

Abstract

Publication series

Conference

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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