Demand charge management can be tied
very closely with TOU energy cost management. By discharging an energy storage
device during peak periods an end-user would also realize a financial benefit
by decreasing the maximum power drawn during the billing cycle. Decreasing the
maximum power would in turn decrease the demand charge applied by the utility
to the end-user (Denholm P. , Ela, Kirby, &
Milligan, 2010) .
In TOU and demand charge management applications,
the utility benefits with a more even load profile while end-users realize
reduced electricity costs. It is important to note that some facilities employ
thermal energy storage to reduce overall and peak electricity consumption by
HVAC equipment (Ice Energy, 2012) .
Works Cited
Denholm, P., Ela, E., Kirby, B., & Milligan, M.
(2010). The Role of Energy Storage with Renewable Electricity Generation.
Las Vegas: National Renewable Energy Laboratory.
Ice Energy. (2012). Product Sheet; Ice Bear Energy
Storage. Windsor, CO: Ice Energy.
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