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Benefits of lithium-ion batteries for domestic users under TOU tariffs

Lookup NU author(s): Nikolas Spiliopoulos, Dr Neal Wade, Dr Damian Giaouris, Professor Phil Taylor

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Abstract

© 2017 IEEE. The potential benefits of lithium-ion batteries in the domestic sector are investigated. A particular household in UK with a PV panel of 4kW and a lithium-ion battery is selected. The benefits gained are estimated based on a CBA, taking into consideration the degradation phenomenon. In the suggested methodology, a simulation Matlab model is developed where a specific energy management strategy is applied. Different scenarios are considered and compared. The obtained results showed that a lithium-ion battery could be a cost effective solution for domestic users. A high dependence between the degradation effect, TOU tariffs, FITs, domestic energy consumption and the benefits gained was found.


Publication metadata

Author(s): Spiliopoulos N, Wade N, Giaouris D, Taylor P, Rajarathnam U

Publication type: Conference Proceedings (inc. Abstract)

Publication status: Published

Conference Name: 52nd International Universities Power Engineering Conference (UPEC)

Year of Conference: 2017

Online publication date: 21/12/2017

Acceptance date: 02/04/2016

Publisher: IEEE

URL: https://doi.org/10.1109/UPEC.2017.8231966

DOI: 10.1109/UPEC.2017.8231966

Library holdings: Search Newcastle University Library for this item

ISBN: 9781538623442


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