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:: Volume 12, Issue 3 (10-2023) ::
ieijqp 2023, 12(3): 1-14 Back to browse issues page
Encouraging household investors to install distribution level battery storage systems using incentive prices
Mostafa Kazemi * 1, Seyed Sepehr Tabatabaei1 , Niki Moslemi2
1- Isfahan university, campus of Shahreza
2- Niroo research institute
Abstract:   (528 Views)

In this paper a bi-level optimization approach is introduced to increase the participation of household investors to install battery storage systems in the distribution level. The incentive prices are used here to encourage the private investor. In the upper level the viewpoint of the government is modeled in which, the peak shaving is the goal while minimizing the cost due to the allocated subsidies. In the lower level of the model the investors’ point of view is modeled and their profit is maximized. The bi-level model is converted into its equivalent single level optimization using KKT optimality condition. The proposed single level nonlinear model has been linearized using big-M method and the strong duality theorem (SDT). A dynamic iterative model based on grid-search is also implemented to model the behavior of the participants. The performance of the presented model has been analyzed using real data of Yazd network.

Keywords: Battery storage systems, household investors, incentive prices, peak shaving
Full-Text [PDF 1843 kb]   (144 Downloads)    
Type of Study: Research |
Received: 2022/08/7 | Accepted: 2023/08/15 | Published: 2023/10/2
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Research code: 993900361


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Kazemi M, Tabatabaei S S, Moslemi N. Encouraging household investors to install distribution level battery storage systems using incentive prices. ieijqp 2023; 12 (3) :1-14
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Volume 12, Issue 3 (10-2023) Back to browse issues page
نشریه علمی- پژوهشی کیفیت و بهره وری صنعت برق ایران Iranian Electric Industry Journal of Quality and Productivity
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