Economic impact of Ice Thermal Energy Storage Systems in residential buildings in presence of double-tariffs contracts for electricity

Author

Campoccia, A. ; Dusonchet, L. ; Telaretti, E. ; Zizzo, G.

Author_Institution

DIEET: Dept. of Electr., Electron. & Telecommun. Eng., Univ. of Palermo, Palermo, Italy

fYear

2009

fDate

27-29 May 2009

Firstpage

1

Lastpage

5

Abstract

The current paper presents a study on the effects of the installation of ice thermal energy storage systems for cooling on the power daily profile of residential buildings, and examines the economic repercussions on the electricity billing. With reference to this second theme, the paper examines, in particular, the convenience of the installation of a domestic thermal energy storage systems, in presence of a double-tariff contract for electricity. For the estimation of the daily cooling request and power profile a Monte Carlo approach is used.

Keywords

Monte Carlo methods; contracts; space cooling; tariffs; thermal energy storage; Monte Carlo approach; cooling; domestic thermal energy storage systems; double-tariffs contracts; economic impact; electricity billing; ice thermal energy storage systems; residential buildings; Contracts; Cooling; Energy consumption; Energy storage; Ice; Monte Carlo methods; Power generation economics; Power system economics; Water heating; Water storage; Double tariffs; Monte Carlo; Net Present Value; Thermal Energy Storage Systems;

fLanguage

English

Publisher

ieee

Conference_Titel

Energy Market, 2009. EEM 2009. 6th International Conference on the European

Conference_Location

Leuven

Print_ISBN

978-1-4244-4455-7

Type

conf

DOI

10.1109/EEM.2009.5207123

Filename

5207123