About the paper
| Title |
Integrated Energy Dispatch Approach Based on Energy Hub and DSM |
| Book |
ICIST 2014 Proceedings |
| Pages |
67-72 |
| Abstract: Permanent increase of energy prices united with
greater energy demand make the reduction of energy
infrastructure operation costs a challenging task. Therefore,
systematic application of energy management (EM)
solutions became a necessity and the most viable approach
for cutting down the energy costs. This paper proposes an
EM solution that brings advancement of the state of the art
related to the multi-carrier energy dispatch by optimizing
the energy flows within a generic energy infrastructure. The
proposed advancement is achieved through the enrichment
of existing Energy Hub concept, leveraging on supply side
optimization, with complementary optimization of demand
side, known also as demand side management (DSM).
Compelling simulation results, justifying the merging of
these two concepts, were reported. The results show the
potential for saving up to 25% of energy costs, depending on
the use case scenario, comparing to a baseline scenario
where no EM solution is applied. Considering that the
proposed solution employs existing energy infrastructure,
thus does not require expensive equipment retrofit, it makes
it immediately applicable in both residential and
commercial domain. |
Full citation
Batić, M.,
Tomašević, N.,
Vraneš, S.
Integrated Energy Dispatch Approach Based on Energy Hub and DSM. In:
Zdravković, M.,
Trajanović, M.,
Konjović, Z.
(Eds.)
ICIST 2014 Proceedings, pp.67-72, Belgrade, Serbia, 2014
Keywords
Energy Management Systems