An Evaluation Method for Peak/Off-Peak Price Functions in Energy Storage Technologies

Abstract

A method of evaluation for peak/off-peak price functions in energy storage technologies is presented. The method is particularly useful in statical optimization of the fundamental parameters required for planning energy storage plants. Its application permits to transform the original dynamic optimization problem into a statical equivalent problem, thus reducing considerably the computing time needed. This transformation introduces two additional parameters to be optimized using statical optimization methods, i.e., charging and discharging duration.