An economic evaluation model for user-side energy storage considering uncertainties of demand response

The key commercialization of user-side energy storage is to quantify the economic benefits of energy storage considering all kinds of battery application scenarios. To solve this problem, the economic evaluation model for user-side energy storage considering uncertainties of demand response is proposed. Firstly, the principle of user side energy storage configuration is put forward based on diversified requirements of different users. Then, the economic evaluation model of user-side energy storage is established respecting multiple battery application scenarios, while Latin hypercube sampling is conducted to address the uncertain impact of demand response revenue. Moreover, the specific economic measure of user-side energy storage is developed. Lastly, a case is presented to demonstrate the effectiveness of this model.