Optimal ESS Scheduling considering Demand Response for Electricity Charge Minimization under Time of Use Price

Abstract

A dependency of the world on electrical energy has been increasing according to development of industry. To meet increasing power demand, existing generators have been expanded or new generators have been installed continually. But currently, the social acceptance for installing a new plant is difficult due to electromagnetic effects on human body, environmental pollutions, and so on. Therefore supply is not, demand side management (DSM) is need. In recently, various methods of DSM have researched for a long time. Among them, this paper suggests method of optimal ESS scheduling considering demand response (DR) for electricity charge minimization under time of use (TOU) price. The DR is considered as price based programs and incentive based programs. In case study, load of a practical industrial customer was managed by the proposed DSM method. The simulation results show the effectiveness of the method.