Abstract
Economical value including reducing investment in generation side as well as transmission and distribution (T&D) side of the building capacity and decreasing the power expenses for important users brought by BESS are studied.Economic benefits obtained by BESS through decreasing loss of power grid and making use of time of use (TOU) price to reduce electricity tariff are analysed.Considering the primarily capital cost and operation and maintenance (O&M) cost,the capacity optimal allocation model for different types of BESS is developed under optimal conomy condition and genetic algorithm is used to solve it.
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