Concurrent optimization of thermal and electric storage in commercial buildings to reduce operating cost and demand peaks under time-of-use tariffs

• Published in: Applied energy Vol. 254; p. 113630
• Main Authors: Meinrenken, Christoph J., Mehmani, Ali
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 15.11.2019
• Subjects: algorithms; batteries; Battery dispatch; Building energy modeling; buildings; case studies; Demand response; Demand-side management; electric power; electricity; Energy storage; Grid-efficient building; operating costs; Particle swarm optimization; Pre-cooling; Real-time control optimization; Smart grid; tariffs; temperature; Time-of-use tariff; weather; Real-time control optimization; Battery dispatch; Grid-efficient building; Demand-side management; Building energy modeling; Demand response; Time-of-use tariff; Smart grid; Pre-cooling; Particle swarm optimization; Energy storage
• ISSN: 0306-2619; 1872-9118
• DOI: 10.1016/j.apenergy.2019.113630

•Market-tariff-induced DSM can reduce electric grid stress and emissions.•We introduce a novel DSM framework that uses one-day-ahead weather forecasts.•Framework optimizes temperature setpoints and battery dispatch in real time.•Peak loads and electric bills reduced substantially.•Results imply subs...