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Calculation of ESS Capacity of Industrial Customer through Economic Analysis
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 Title & Authors
Calculation of ESS Capacity of Industrial Customer through Economic Analysis
Hong, Jong-Seok; Chai, Hui-Seok; Moon, Jong-Fil;
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In this paper, ESS capacity installed in industrial customer is calculated using economic analysis. To do this, electric charge for industrial customer is analyzed and power management system(PMS) of ESS is selected. Reduction of kW cost and kWh cost are set to 'benefit' according to operation of ESS. Also, installation cost and maintenance cost of ESS are set to 'cost'. Proper ESS capacity is determined as a result of benefit-to-cost(B/C) analysis according to the variation of ESS installation cost. In case study, B/C is analyzed for the specific industrial customer and minimum capacity of ESS to make a profit are proposed for the customer.
Benefit-to-cost;Economic analysis;ESS;Load curve;Power management system;kW cost;kWh cost;
 Cited by
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J.-K. Park, Y.-S. Baek, K.-S. Jeong, J.-H. Park, "Optimal Capacity Determination of BESS for Customer using Investment Cost and Electric Cost", The Trans. of KIEE, Vol. 64, No. 2, pp. 208-213, 2015.

Navigant Research, "ESS Market", 2014, 2Q.

KEPCO, Supply agreement of electricity, 2013.11.

KEPCO, Supply agreement enforcement bylaws of electricity, 2014.01.

J.-S. Hong, B.-W. Kang, H.-S. Chae, J.-C. Kim, "Study on the Economic Analysis for Non-Prediction Algorithm with the Energy Storage System", Journal of KIIEE, Vol. 29, No. 5, pp. 94-99, May 2015