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Lookup NU author(s): Nikolas Spiliopoulos,
Dr Neal WadeORCiD,
Professor Damian Giaouris,
Professor Phil Taylor
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© 2017 IEEE. The potential benefits of lithium-ion batteries in the domestic sector are investigated. A particular household in UK with a PV panel of 4kW and a lithium-ion battery is selected. The benefits gained are estimated based on a CBA, taking into consideration the degradation phenomenon. In the suggested methodology, a simulation Matlab model is developed where a specific energy management strategy is applied. Different scenarios are considered and compared. The obtained results showed that a lithium-ion battery could be a cost effective solution for domestic users. A high dependence between the degradation effect, TOU tariffs, FITs, domestic energy consumption and the benefits gained was found.
Author(s): Spiliopoulos N, Wade N, Giaouris D, Taylor P, Rajarathnam U
Publication type: Conference Proceedings (inc. Abstract)
Publication status: Published
Conference Name: 52nd International Universities Power Engineering Conference (UPEC)
Year of Conference: 2017
Online publication date: 21/12/2017
Acceptance date: 02/04/2016
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