Sizing of electric thermal storage under real time pricing

Author

Daryanian, Bahman ; Bohn, Roger E.

Author_Institution

Tabors Caramanis & Associates, Cambridge, MA, USA

Volume

8

Issue

1

fYear

1993

fDate

2/1/1993 12:00:00 AM

Firstpage

35

Lastpage

43

Abstract

Under real-time pricing (RTP) rates, electrical thermal storage (ETS) can be used to shift electricity consumption away from higher-price periods to lower-price periods. The issue of storage sizing under RTP rates is addressed by presenting the results of a simulation study. Parameters of the simulation, as well as building loads and prices used as inputs, are based on the results of an actual experiment on the RTP-based control of ETS carried out in the winter season of 1989-90. Results indicate that under RTP-based control, increase in storage sizes lowers a utilities´ cost of service, in contrast to time-of-use-based control for which the utility´s cost of service remains relatively unchanged

Keywords

electricity supply industry; load management; power consumption; tariffs; thermal energy storage; cost of service; electric thermal storage; electric utilities; electricity consumption; load management; real time pricing; sizing; tariffs; Cooling; Costs; Energy management; Energy storage; Load management; Pricing; Resistance heating; Size control; Thermal loading; Thermal management;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/59.221246

Filename

221246