Economic and operational benefits of energy storage sharing for a neighborhood of prosumers in a dynamic pricing environment

In this study, an energy management methodology is proposed for neighborhood area networks (NANs) composed of a shared energy storage system (ESS) and multiple consumer premises equipped with a distributed generation (DG) system, aiming to use ESS unit as a key tool for demand response (DR) programs. In the proposed methodology, an energy credit is provided to each household for the excess renewable energy the house provides to NAN and grid. For...