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Sensitivity to forecast errors in energy storage arbitrage for residential consumers

Diego Kiedanski 1, 2 Umar Hashmi 3 Ana Bušić 3 Daniel Kofman 1 
2 RMS - Réseaux, Mobilité et Services
LTCI - Laboratoire Traitement et Communication de l'Information
3 DYOGENE - Dynamics of Geometric Networks
DI-ENS - Département d'informatique - ENS Paris, CNRS - Centre National de la Recherche Scientifique : UMR 8548, Inria de Paris
Abstract : With the massive deployment of distributed energy resources, there has been an increase in the number of end consumers that own photovoltaic panels and storage systems. The optimal use of such storage when facing Time of Use (ToU) prices is directly related to the quality of the load and generation forecasts as well as the algorithm that controls the battery. The sensitivity of such control to different forecasts techniques is studied in this paper. It is shown that good and bad forecasts can result in losses in particularly bad days. Nevertheless, it is observed that performing Model Predictive Control with a simple forecast that is representative of the pasts can be profitable under different price and battery scenarios. We use real data from Pecan Street and ToU price levels with different buying and selling price for the numerical experiments.
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Submitted on : Monday, October 14, 2019 - 4:16:16 PM
Last modification on : Wednesday, June 8, 2022 - 12:50:03 PM


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  • HAL Id : hal-02163114, version 2


Diego Kiedanski, Umar Hashmi, Ana Bušić, Daniel Kofman. Sensitivity to forecast errors in energy storage arbitrage for residential consumers. SmartGridComm 2019 - IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids, Oct 2019, Beijing, China. ⟨hal-02163114v2⟩



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