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dc.contributor.authorAmin, Uzma
dc.contributor.authorHossain, MJ
dc.contributor.authorLu, Junwei
dc.contributor.authorMahmud, MA
dc.contributor.editorMithulan Nadarajah, Narottam Das, Rahul Sharma, Hui Ma
dc.date.accessioned2018-02-20T00:39:43Z
dc.date.available2018-02-20T00:39:43Z
dc.date.issued2016
dc.identifier.isbn9781509014057
dc.identifier.doi10.1109/AUPEC.2016.7749343
dc.identifier.urihttp://hdl.handle.net/10072/124206
dc.description.abstractThis paper proposes the installation of a battery energy storage (BES) system along with a PV system in a hierarchical transactive energy management (TEM) framework to reduce consumer's electricity bills. An algorithm is developed to control the charging and discharging cycle of the proposed battery in a TEM system. A new cost benefit analysis (CBA) approach is presented for solar energy systems and combination of photovoltaic (PV) units and BES systems when these are installed in a proactive houses. Economic benefit analysis is based on real time electricity rate and battery cost to give an exact idea of returns and yearly savings to consumers on their investment. Real load and generation data are used for the analysis and based on the developed algorithm the appropriate battery size is determined. When it is integrated with a 4kW PV unit, it reduces the power mismatch between the load demand and solar generation. The result shows that proactive consumers can maximize their savings considerably on solar investment by installing BES systems.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherInstitute of Electrical and Electronics Engineers (IEEE)
dc.publisher.placeAustralia
dc.relation.ispartofconferencenameAustralasian Universities Power Engineering Conference (AUPEC)
dc.relation.ispartofconferencetitlePROCEEDINGS OF THE 2016 AUSTRALASIAN UNIVERSITIES POWER ENGINEERING CONFERENCE (AUPEC)
dc.relation.ispartofdatefrom2016-09-25
dc.relation.ispartofdateto2016-09-28
dc.relation.ispartoflocationBrisbane, AUSTRALIA
dc.relation.ispartofpagefrom6 pages
dc.relation.ispartofpageto6 pages
dc.subject.fieldofresearchPower and Energy Systems Engineering (excl. Renewable Power)
dc.subject.fieldofresearchcode090607
dc.titleCost-Benefit Analysis for Proactive Consumers in a Microgrid for Transactive Energy Management Systems
dc.typeConference output
dc.type.descriptionE1 - Conferences
dc.type.codeE - Conference Publications
gro.facultyGriffith Sciences, Griffith School of Engineering
gro.hasfulltextNo Full Text
gro.griffith.authorLu, Junwei
gro.griffith.authorAmin, Uzma
gro.griffith.authorHossain, Jahangir


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    Contains papers delivered by Griffith authors at national and international conferences.

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