Abstract
This paper performs the cost-benefit analysis when the industrial customer installs Energy Storage System (ESS) in South Korea. Firstly, present government’s policies and compensation rules for ESS in South Korea are introduced. Then, ESS operation for self-consumption of industrial customers is proposed to maximize the saving of electricity charge with ESS. Actual industry demand profiles are used to verify the effectiveness of the proposed ESS operation and estimate the electricity charge savings. In addition, the cost-benefit analysis is performed to determine if the installation of ESS is beneficial.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
