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This can be used to increase PV self-consumption or optimise operation under variable electricity prices.
In this paper, we study the optimal design of ASUs assumed to be operating at variable capacity under variable electricity price.
Three main categories of applications using heat pumps in a smart grid context have been identified: First stable and economic operation of power grids, second the integration of renewable energy sources and third operation under variable electricity prices.
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Today, the suppliers of variable electricity from wind and solar do not have to firm their supply [guarantee backup power].
The use-cases are: Constant electricity prices, time variable electricity prices and PV self-consumption.
And it found that standard variable electricity tariffs, which have not been cut, should be reduced by 15%.
There are many ways of managing variable electricity technologies within the broader mix.
Integrating large quantities of variable renewable electricity generation remains a political and operational challenge.
Thus, this study includes instrumental variables for lagged electricity price variables to avoid omitted variable bias.
Three case studies are considered: i) time-variable operation without electrical heating under time-invariant electricity price; ii) operation under time-variant electricity price without electric heaters; iii) operation under time-variant electricity price allowing charging of the pond using the grid electricity.
Washing is hung out to dry under an electricity pylon.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com