Abstract
Abstract The future Smart Grid envisions end-users connected to it having the double role of both consumers and producers. Equipped with small-scale renewable energy generators and energy storage systems, the end-users, also known as prosumers, become active actors, in turn disrupting the traditional utility model. To realize this vision, ICT-based solutions for facilitating energy management in residential houses are required. The present work proposes a model of energy storage systems to reduce energy costs for prosumers and its related operation strategy. By means of simulations, the model is evaluated and the results show that by adopting storage systems one can significantly reduce the energy costs of prosumers and reduce the maximum load of the distribution network. This work also studies how the cost of storing energy influences energy storage systems’ performance, in turn serving as a decision basis for prosumers to asses whether a storage system is economically convenient for their specific case.
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