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The calculation of revenue is straightforward. Electricity sold to and purchased from customers are compensated or charged at prevailing rate structures. The determination of the RRQ is a simplified representation of the first activity performed in a usual rate case. In general, utilities are allowed...
The NREL“s PV Watts model is used in the pvlib package in Python to determine AC power, with a nominal efficiency of the inverter of 96% [54]. In our paper, a time-of-use price scheme is considered since most Swiss electricity suppliers offer such a price scheme [55]. The price ...
in PJM accounting are not final until five PJM business days after the end of the month. This is due to the differences between the State Estimator load bus distributions and the final Real-Time load bus distributions required for the actual calculation of the Real-Time Zonal and Residual ...
Table 4 summarizes the data sources used to define the electricity demand in each region. Full details of the data sources, and reasoning behind data choices, are available on GitHub (see footnote 1). We provide summary details of the annual demand in each region, the calculation of demand ...
Moreover, the ROI value, 13.9% without optimisation, increased to 15.3% in the proposed Home Energy Management System (HEMS) model. As can be seen from this calculation, intelligent management of batteries and flexible loads provided a 10% increase in ROI value. Keywords: energy management; ...