Analysis of different scenarios for residential energy management under existing retail market structure

M. N. Akter, M. A. Mahmud

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

7 Citations (Scopus)

Abstract

This paper presents an analysis of a residential energy management scheme under existing retail market structure with the integration of solar photovoltaic (PV) and battery energy storage systems. In this paper, different scenarios are analyzed with an aim of achieving the most cost-effective solutions for the integration of solar PV and battery energy storage systems. The main idea behind these analyses is to obtain a grid independent residential energy management system through the reduction of purchasing energy from the existing power grid. The results from the analysis of different scenarios for a typical Australian house demonstrate that the shortage of energy during the high loads and excess of energy during the higher output of solar PV system can be reduced with the design of a proper energy management scheme employing a transactive energy management framework.

Original languageEnglish
Title of host publicationProceedings of the 2015 IEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2015
Place of PublicationPiscataway, NJ
PublisherInstitute of Electrical and Electronics Engineers Inc.
Number of pages6
ISBN (Electronic)9781509012381
DOIs
Publication statusPublished - 3 Nov 2015
Externally publishedYes
EventIEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2015 - Bangkok, Thailand
Duration: 3 Nov 20156 Nov 2015

Publication series

NameProceedings of the 2015 IEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2015

Conference

ConferenceIEEE Innovative Smart Grid Technologies - Asia, ISGT ASIA 2015
Country/TerritoryThailand
CityBangkok
Period3/11/156/11/15

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