PV with battery in smart grid paradigm: Price-based energy management system

Smart grid that employs demand response model can indirectly control the load consumption and the distributed power generation via price signals. This paper presents a price-based EMS suitable for roof-top PV installations with battery and local load. The power output of the PV/battery systems is scheduled based on the time-varying price signals that correspond to the demand in the electricity networks. Simulation results show that the proposed EMS maximizes the total sum of revenues from the energy flow into the grid over 24-hour period.