Techno-economic comparison of storage vs. demand response strategies in distributed generation systems
Guido Lorenzi, Carlos Silva
Abstract
Guido Lorenzi, Carlos Silva
Abstract
This paper investigates the benefits in terms of energy use and cost reduction of electricity storage using batteries and the implementation of demand response strategies, to mitigate the mismatch between the renewable production and the demand in smart grids. A comparison between the two approaches in a household with micro-generation system is made in order to assess which one is the most feasible for small scale users. The results show that in general the use of demand response has more benefits to the end-user.
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This paper investigates the benefits in terms of energy use and cost reduction of electricity storage using batteries and the implementation of demand response strategies, to mitigate the mismatch between the renewable production and the demand in smart grids. A comparison between the two approaches in a household with micro-generation system is made in order to assess which one is the most feasible for small scale users. The results show that in general the use of demand response has more benefits to the end-user.
Key concepts: Demand response, Renewable energy, Smart grid, Environmental economics, Energy storage, Computer science, Production (economics), Distributed generation