Investigation of a Battery Storage System Aimed at Demand-Side Management of Residential Load

<table class="table-group" id="tab6"><tr><td><table class="table"><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr class="thead"><td class="align_left">Parameters</td><td class="align_center">Value</td></tr><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr><td class="align_left">Battery cost per capacity</td><td class="align_center">US$62/kWh</td></tr><tr><td class="align_left">Battery cost per kW</td><td class="align_center">US$26/kW</td></tr><tr><td class="align_left">Contingency cost</td><td class="align_center">5%</td></tr><tr><td class="align_left">Inflation rate</td><td class="align_center">9%</td></tr><tr><td class="align_left">Discount rate</td><td class="align_center">8%</td></tr><tr><td class="align_left">Off-peak electricity rate</td><td class="align_center">US$0.12/kWh</td></tr><tr><td class="align_left">Peak electricity rate</td><td class="align_center">US$0.22/kWh</td></tr><tr><td class="align_left">Fixed monthly charge</td><td class="align_center">US$0.9</td></tr><tr><td class="align_left">Electricity bill escalation rate</td><td class="align_center">0.5%</td></tr><tr class="table-tr"><td colspan="2"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Financial parameter values modeled in DSM project simulations.</div>

International Transactions on Electrical Energy Systems

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Table 6

Table 6: Investigation of a Battery Storage System Aimed at Demand-Side Management of Residential Load 