Many efforts are recently being dedicated to developing models that seek to provide insights into the techno-economic benefits of battery storage coupled to photovoltaic (PV) generation system. However, not all models consider the operation of the PV – battery storage system with a feed-in tariff (FiT) incentive, different electricity rates and battery storage unit cost. An electricity customer...

Thermal modelling and optimal design of a solar absorption cooling system are presented, and hourly analysis is performed over the period of a year. Three design parameters are considered, then the Real Parameter Genetic Algorithm (RPGA) is applied to obtain the minimum total annual cost. The optimization results show that the solar cooling optimum configuration needs 1630 square meter collecto...

For the better part of the past century, residential customers in the United States and many other countries have paid for electricity through a twopart tariff that has collected most of the revenue through a flat volumetric charge—that is, flat electricity rates paid in cents per kilowatt hour (¢/ kWh). In contrast, a large share of the cost of producing and delivering electricity does not var...

An hourly energy balance analysis is presented of the Australian National Electricity Market in a 100% renewable energy scenario, in which wind and photovoltaics (PV) provides about 90% of the annual electricity demand and existing hydroelectricity and biomass provides the balance. Heroic assumptions about future technology development are avoided by only including technology that is being depl...

The aim of this paper is to develop a methodology for measuring the exercise of potential market power in liberalized electricity markets. We therefore investigate producer behavior in the context of electricity pricing with respect to fundamental time-dependent marginal cost (TMC), i.e. CO2and fuel cost. In doing so, we do not in contrast to most current approaches to market power investigatio...

To date limited work has focused on assessing the economic viability of scCO2 extraction to obtain waxes as part of a biorefinery. This work estimates the economic costs for wax extraction from maize stover. The cost of manufacture (COM) for maize stover wax extraction was found to be € 88.89 per kg of wax, with the fixed capital investment (FCI) and utility costs (CUT) contributing significant...

Customer-owned battery energy storage systems (BESS) have been used to reduce electricity costs of energy storage owners (ESOs) under a time-of-use (TOU) tariff in Korea. However, the current TOU tariff can unintentionally induce customer’s electricity usage to have a negative impact on power systems. This paper verifies the impact of different BESS operation strategies on power systems under a...

In this paper, a cost optimal 100% renewable energy based system is obtained for Southeast Asia and the Pacific Rim region for the year 2030 on an hourly resolution for the whole year. For the optimization, the region was divided into 15 sub-regions and three different scenarios were set up based on the level of high voltage direct current grid connections. The results obtained for a total syst...

This paper addresses quantity risk in the electricity market and explores several ways of managing such risk. The paper also addresses the hedging problem of a load-serving entity, which provides electricity service at a regulated price in electricity markets with price and quantity risk. Exploiting the correlation between consumption volume and spot price of electricity, an optimal zero-cost h...

We study the full Maxwell-Dirac equations: Dirac field with minimally coupled electromagnetic field and Maxwell field with Dirac current as source. Our particular interest is the static case in which the Dirac current is purely time-like – the “electron” is at rest in some Lorentz frame. In this case we prove two theorems under rather general assumptions. Firstly, that if the system is also sta...