TY - JOUR N1 - cited By 2 TI - Study of the effects of peak/off-peak load shifting on hybrid power system storage using Power Pinch Analysis SP - 1519 AV - none EP - 1524 PB - Italian Association of Chemical Engineering - AIDIC SN - 22839216 N2 - The difference in electricity pricing based on the time of power use has led to load shifting from peak to off-peak hours in hybrid power systems (HPS). Apart from optimising electricity cost, shifting of load may also change the capacity of storage in the system. Power Pinch Analysis has been recently applied to guide load shifting aiming to minimise the cost of electricity, considering the peak and off-peak electricity pricing. This work extends the study by scrutinising the effects of peak/off-peak load shifting on the capacity of storage in HPS. Shifting heuristics are developed to ensure optimal storage size is achieved. Results show that the proposed load shifting strategy from peak to off-peak hours has successfully minimised the costs of both the storage system and the electricity bill. Copyright © 2017, AIDIC Servizi S.r.l. ID - scholars9161 KW - Costs; Optimization; Power markets KW - Cost of electricity; Electricity bill; Electricity costs; Electricity pricing; Hybrid power systems; Hybrid power systems (HPS); Peak electricity; Storage systems KW - Cost benefit analysis JF - Chemical Engineering Transactions A1 - Rozali, N.E.M. A1 - Zaki, S.A.A.S.M. A1 - Ho, W.S. A1 - Liu, W.H. A1 - Alwi, S.R.W. A1 - Manan, Z.A. A1 - Klemeš, J.J. UR - https://www.scopus.com/inward/record.uri?eid=2-s2.0-85030763454&doi=10.3303%2fCET1761251&partnerID=40&md5=e018c38caa8fff34d0d26f75bc3dd156 VL - 61 Y1 - 2017/// ER -