Analyze the Break-even Cost of Lithium-ion Battery under Time-of-use Pricing Tariffs
| Autor: | Patricia J. Culligan, Jie Zhang, Ali Mehmani, Binghui Li |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Battery (electricity)
Mathematical optimization Break-even (economics) Computer science 020209 energy 02 engineering and technology 021001 nanoscience & nanotechnology Lithium-ion battery Demand response Loan Range (aeronautics) 0202 electrical engineering electronic engineering information engineering Sensitivity (control systems) 0210 nano-technology Parametric statistics |
| Zdroj: | ISGT |
| Popis: | Lithium-ion batteries can be used by households in a wide range of demand response (DR) programs. This paper examines break-even costs of lithium-ion batteries used in time-of-use (TOU) pricing DR programs. A mixed-integer program is developed to optimize battery capacities and operating schedules. Battery degradation is explicitly considered using a piecewise linear approximation. The model is tested under two TOU pricing tariffs. Parametric sensitivity analysis is conducted with respect to loan rates and C-rates. The results suggest that the lithium-ion batteries are still prohibitively expensive under prevailing market conditions. |
| Databáze: | OpenAIRE |
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