Authors:Christos Ioakimidis, Konstantinos Genikomsakis
This paper presents the EB (energy box) concept in the context of the V2G (vehicle-to-grid) technology to address the energy management needs of a modern residence, considering that the available infrastructure includes micro-renewable energy sources in the form of solar and wind power, the electricity loads consist of “smart” and conventional household appliances, while the battery of an EV (electric vehicle) plays the role of local storage. The problem is formulated as a multi-objective DSP (dynamic stochastic programming) model in order to maximize comfort and lifestyle preferences and minimize cost. Combining the DSP model that controls the EB operation with a neural network based approach for simulating the thermal model of a building, a set of scenarios are examined to exemplify the applicability of the proposed energy management tool. The EB is capable of working under real-time tariff and placing bids in electricity markets both as a stand-alone option and integrated in a SmartGrid paradigm, where a number of EBs are managed by an aggregator. The results obtained for the Portuguese tertiary electricity market indicate that this approach has the potential to compete as an ancillary service and sustain business with benefits for both the microgrid and residence occupants.