How to make profits from peak-shifting energy storage power stations

How can peak load shifting be successful?

To be successful with peak load shifting, a suitable energy storage needs to be incorporated during peak load periods (when the appliance is turned off because of high load) to have a minimum impact on consumers' comfort.

Can price-based method be used to perform peak load shifting?

Price-based method were experimentally used to perform peak load shifting. A cost savings up to 16.5% per day were achieved for the freezer experiment. A cost saving up to 62.64% per day were achieved for the building experiment. 1. Introduction

Does storing heat affect peak load shifting?

Because of the fact that heating, cooling and air conditioning in many developed countries are responsible for almost 30 percent of the total electricity consumption , storing heat (or cold) could contribute significantly to peak load shifting.

Does price variation affect peak load shifting?

This means that the controller did not benefit from price variation to charge when the price is cheaper and use when it is more expensive, and thus could not contribute to the peak load shifting. Also more energy was consumed in both huts to keep the room temperature in a higher temperature range for a longer period.

Does a price constraint affect peak load shifting?

Application of the price-based method shown resulted in a successful peak load shifting for both freezer and space heating applications. The results also showed the importance of selecting a suitable price constraint to maximise the benefits, suggesting that the electricity distributer needed to provide the price constraint data for the consumers.

Why is peak load shifting a problem?

Peak load shifting through consumers also can cause serious problems; for instance, DR (demand response) approach frequently failed in many countries as it requires people to adjust their consumption according to a dynamic electricity tariff.