publication . Conference object . Preprint . 2020

Sizing and Profitability of Energy Storage for Prosumers in Madeira, Portugal

Jonathan Cavaleiro; Umar Hashmi; Ana Busic; Lucas Pereira;
Open Access English
  • Published: 17 Feb 2020
  • Publisher: HAL CCSD
  • Country: France
Abstract
International audience; This paper proposes a framework to select the best-suited battery for co-optimizing for peak demand shaving, energy arbitrage and increase self-sufficiency in the context of power network in Madeira, Portugal. Feed-in-tariff for electricity network in Madeira is zero, which implies consumers with excess production should locally consume the excess generation rather than wasting it. Further, the power network operator applies a peak power contract for consumers which imposes an upper bound on the peak power seen by the power grid interfaced by energy meter. We investigate the value of storage in Madeira, using four different types of prosu...
Persistent Identifiers
Subjects
free text keywords: [MATH.MATH-OC]Mathematics [math]/Optimization and Control [math.OC], [SPI.NRJ]Engineering Sciences [physics]/Electric power, [INFO.INFO-SY]Computer Science [cs]/Systems and Control [cs.SY], Electrical Engineering and Systems Science - Systems and Control, Payback period, Electricity, business.industry, business, Automotive engineering, Peak demand, Profitability index, Energy storage, Sizing, Battery (electricity), Electricity meter, Computer science
Funded by
EC| SMILE
Project
SMILE
SMart IsLand Energy systems
  • Funder: European Commission (EC)
  • Project Code: 731249
  • Funding stream: H2020 | IA
Communities
SDSN - GreeceSustainable Development Projects: SMart IsLand Energy systems
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