Abstract: The growing worldwide costs of energy produced as a result of conventional fuel combustion,
the limited capacity of the distribution grid, and the growing number of unstable installations
based on renewable energy sources increase the need to implement systems of stabilization and
regulate loads for end users. The battery energy storage system (BESS) that operates in the internal
microgrid of an enterprise enables the management of the accumulated energy in any time zone
of the day. Using a price arbitrage strategy with an electricity storage facility, we can reduce the
cost of high electricity prices during peak demand periods. This study aims to determine the most
effective method of setting up the capacity and electrical power of an energy storage system operating
in a microgrid, in an enterprise to implement a price arbitration strategy. Such a method should
include consideration of the characteristics of the demand profile of consumer systems, the charges
related to electricity, and electricity storage costs. The proposed deterministic method is based on the
use of a defined parameter, “marginal income elasticity”. In this study, the size of energy storage
refers to the power and electric capacity of BESS that are used for the implementation of the price
arbitrage strategy.
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