The purpose of this research is to develop a financial model of an industrial grid-connected PV-battery storage energy system operating either as a retailer’s customer or as a NEM integrated entity capable of purchasing and selling electricity at varying spot market prices. The model was used to formulate an objective cost function, necessarily including battery’s LCOE. A concept of dynamic LCOE was proposed and trialed. The model was used to optimize electricity dispatch schedules of Transgrid’s iDemand facilities.
Published by Asia Pacific Solar Research Conference April 2017