Table of Contents Author Guidelines Submit a Manuscript
The Scientific World Journal
Volume 2014, Article ID 937329, 9 pages
http://dx.doi.org/10.1155/2014/937329
Research Article

Charge Scheduling of an Energy Storage System under Time-of-Use Pricing and a Demand Charge

1Department of Computer Engineering, College of Information Technology, Gachon University, 1342 Seongnamdaero, Sujeong-gu, Seongnam-si, Gyeonggi-do 461-701, Republic of Korea
2Department of Computer Science & Engineering, Kwangwoon University, 20 Kwangwoon-ro, Nowon-gu, Seoul 139-701, Republic of Korea

Received 19 June 2014; Revised 1 August 2014; Accepted 2 August 2014; Published 13 August 2014

Academic Editor: Kuo-Ching Ying

Copyright © 2014 Yourim Yoon and Yong-Hyuk Kim. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

A real-coded genetic algorithm is used to schedule the charging of an energy storage system (ESS), operated in tandem with renewable power by an electricity consumer who is subject to time-of-use pricing and a demand charge. Simulations based on load and generation profiles of typical residential customers show that an ESS scheduled by our algorithm can reduce electricity costs by approximately 17%, compared to a system without an ESS and by 8% compared to a scheduling algorithm based on net power.