An aggregator-based-strategy to minimize the cost of energy consumption by optimal utilization of energy resources in an apartment building

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

Buildings and transport consume two thirds of the total global energy. It is desirable to maximize the use of renewable generation in these sectors, and to optimize the use of that energy by managing diverse sources and loads. This is particularly challenging in high-density residential premises where the space for such infrastructure is limited, and storage can have significant impact on energy utilization and demand. In this paper, we have proposed an aggregator-based-strategy (ABS) to optimally utilize the available energy resources and storage in an apartment building with twenty households, each having an electric vehicle (EV), and an aggregated solar photovoltaic (PV) energy and stationary battery storage (BS) system. The strategy is flexible and can be applied to any building with EVs, solar PV and BS to minimize the cost of energy consumption without compromising the flexibility of energy usage or travel requirements. The model also accounts for the battery capacity degradation and its associated cost to make it more realistic. The model is evaluated using real data and the results show that the strategy not only reduces the cost of energy consumption but also reduces the amount of energy drawn from the grid significantly.

Original languageEnglish
Title of host publicationConference proceedings 2019 IEEE International Conference on Environment and Electrical Engineering and 2019 IEEE Industrial and Commercial Power Systems Europe (EEEIC/I&CPS Europe)
Subtitle of host publication11-14 June, 2019, Genoa, Italy
Place of PublicationPiscataway, NJ
PublisherInstitute of Electrical and Electronics Engineers (IEEE)
Pages1-5
Number of pages5
ISBN (Electronic)9781728106533, 9781728106526
ISBN (Print)9781728106540
DOIs
Publication statusPublished - 2019
Event19th IEEE International Conference on Environment and Electrical Engineering and 2019 IEEE Industrial and Commercial Power Systems Europe, EEEIC/I and CPS Europe 2019 - Genoa, Italy
Duration: 11 Jun 201914 Jun 2019

Conference

Conference19th IEEE International Conference on Environment and Electrical Engineering and 2019 IEEE Industrial and Commercial Power Systems Europe, EEEIC/I and CPS Europe 2019
CountryItaly
CityGenoa
Period11/06/1914/06/19

Keywords

  • optimization
  • electric vehicles
  • solar pv
  • battery storage
  • apartment building
  • aggregator
  • cost reduction
  • battery degradation

Fingerprint Dive into the research topics of 'An aggregator-based-strategy to minimize the cost of energy consumption by optimal utilization of energy resources in an apartment building'. Together they form a unique fingerprint.

  • Cite this

    Rafique, S., Hasan Nizami, M. S. H., Bin Irshad, U., Hossain, J., & Town, G. (2019). An aggregator-based-strategy to minimize the cost of energy consumption by optimal utilization of energy resources in an apartment building. In Conference proceedings 2019 IEEE International Conference on Environment and Electrical Engineering and 2019 IEEE Industrial and Commercial Power Systems Europe (EEEIC/I&CPS Europe): 11-14 June, 2019, Genoa, Italy (pp. 1-5). Piscataway, NJ: Institute of Electrical and Electronics Engineers (IEEE). https://doi.org/10.1109/EEEIC.2019.8783753