SUPR
An optimal real-time pricing strategy
Dnr:

NAISS 2024/22-385

Type:

NAISS Small Compute

Principal Investigator:

Saeed Nordin

Affiliation:

Kungliga Tekniska högskolan

Start Date:

2024-05-31

End Date:

2025-06-01

Primary Classification:

20702: Energy Systems

Webpage:

Allocation

Abstract

The levelized cost of electricity from PV systems has fallen below the electricity retail price in many countries worldwide, a development that has incentivized the investment in PV systems for many households. Similarly, battery storage systems have experienced a significant reduction in prices. An optimal real-time pricing strategy is proposed in this research to aggregate renewable energy resources with presence of battery storage systems.