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RESEARCH PAPERS

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

[+] Author and Article Information
P. Vadasz, D. Weiner

Research and Development Division, Israel Electric Corporation Ltd., Haifa, Israel

J. Energy Resour. Technol 109(1), 21-25 (Mar 01, 1987) (5 pages) doi:10.1115/1.3231318 History: Received February 11, 1986; Revised December 11, 1986; Online October 22, 2009

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.

Copyright © 1987 by ASME
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