TY - CHAP
T1 - Feasibility Study on the Use of Energy Storage Systems to Reduce the Enterprise Energy Consumption Costs
AU - Krivchenkov, Aleksandr
AU - Grakovski, Alexander
AU - Balmages, Ilya
N1 - Publisher Copyright:
© Springer Nature Switzerland AG 2020.
PY - 2020/1/1
Y1 - 2020/1/1
N2 - The article describes the possible ways to reduce the cost of electricity consumed by the enterprise by redistributing consumption depending on changes in tariffs over time. Organizational changes include changes to work schedules, and the technical approach is based on the use of an energy storage system (ESS). The feasibility study of both methods is carried out using the example of price regulation in Latvia. Analysis of net present value (NPV) demonstrates the inefficiency of using ESS with the existing tariff setting scheme in Latvia, tariff variations and with world ESS prices at present.
AB - The article describes the possible ways to reduce the cost of electricity consumed by the enterprise by redistributing consumption depending on changes in tariffs over time. Organizational changes include changes to work schedules, and the technical approach is based on the use of an energy storage system (ESS). The feasibility study of both methods is carried out using the example of price regulation in Latvia. Analysis of net present value (NPV) demonstrates the inefficiency of using ESS with the existing tariff setting scheme in Latvia, tariff variations and with world ESS prices at present.
KW - Energy storage system
KW - Market electricity tariffs
KW - NPV analysis
UR - http://www.scopus.com/inward/record.url?scp=85083986752&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-44610-9_49
DO - 10.1007/978-3-030-44610-9_49
M3 - Chapter
AN - SCOPUS:85083986752
T3 - Lecture Notes in Networks and Systems
SP - 500
EP - 510
BT - Lecture Notes in Networks and Systems
PB - Springer
ER -