Engineering Commons^™

Real Time Operation Of Smart Homes With Pv And Battery Systems Under Variable Electricity Rate Schedules And Transactive Power Flow, Huangjie Gong, Oluwaseun M. Akeyo, Vandana Rallabandi, Dan M. Ionel

Power and Energy Institute of Kentucky Faculty Publications

According to some utility schedules, the electricity rate is variable such that homes may be encouraged to buy and store power in a battery when it is inexpensive, and self-consume or sell to the grid during other times. Power arbitrage through a battery energy storage (BES), can help maintain consumer comfort and minimize residential electricity bills. This paper reports the calculated daily energy costs incurred by different types of homes for a given utility electricity rate schedule. The homes exchange power among each other behind a section of the distribution network. A free market system is formed and the electricity …