title: Battery energy storage sizing when time of use pricing is applied.
abstract: Battery energy storage systems (BESSs) are considered a key device to be introduced to actuate the smart grid paradigm. However, the most critical aspect related to the use of such device is its economic feasibility as it is a still developing technology characterized by high costs and limited life duration. Particularly, the sizing of BESSs must be performed in an optimized way in order to maximize the benefits related to their use. This paper presents a simple and quick closed form procedure for the sizing of BESSs in residential and industrial applications when time-of-use tariff schemes are applied. A sensitivity analysis is also performed to consider different perspectives in terms of life span and future costs.
authors.affiliation: Department of Electrical Engineering and Information Technology, University of Naples Federico II, Via Claudio, No. 21, 80125 Napoli, Italy.
authors.forename: Guido
authors.identifier: 0000-0002-6235-3616
authors.initials: G
authors.lastname: Carpinelli
authors.affiliation: Department of Electrical Engineering and Information Technology, University of Naples Federico II, Via Claudio, No. 21, 80125 Napoli, Italy.
authors.forename: Shahab
authors.initials: S
authors.lastname: Khormali
authors.affiliation: Department of Electrical Engineering and Information Technology, University of Naples Federico II, Via Claudio, No. 21, 80125 Napoli, Italy.
authors.forename: Fabio
authors.identifier: 0000-0001-9490-6484
authors.initials: F
authors.lastname: Mottola
authors.affiliation: Department of Industrial and Information Engineering, Second University of Naples, Via Roma 29, 81031 Aversa, Italy.
authors.forename: Daniela
authors.identifier: 0000-0002-0673-1002
authors.initials: D
authors.lastname: Proto
mesh_terms: D003362:Cost-Benefit Analysis / Q000191:economics* / Q000379:methods; D003365:Costs and Cost Analysis / Q000191:economics* / Q000379:methods; D011211:Electric Power Supplies / Q000191:economics*; D013997:Time Factors