@inproceedings{55af9e756d7c4167852f644026c51d10,
title = "Analyze the Break-even Cost of Lithium-ion Battery under Time-of-use Pricing Tariffs",
abstract = "Lithium-ion batteries can be used by households in a wide range of demand response (DR) programs. This paper examines break-even costs of lithium-ion batteries used in time-of-use (TOU) pricing DR programs. A mixed-integer program is developed to optimize battery capacities and operating schedules. Battery degradation is explicitly considered using a piecewise linear approximation. The model is tested under two TOU pricing tariffs. Parametric sensitivity analysis is conducted with respect to loan rates and C-rates. The results suggest that the lithium-ion batteries are still prohibitively expensive under prevailing market conditions.",
keywords = "Break-even analysis, Demand response, Lithium-ion battery, Mixed integer program, Time-of-use tariff",
author = "Binghui Li and Jie Zhang and Ali Mehmani and Culligan, \{Patricia J.\}",
note = "Publisher Copyright: {\textcopyright} 2019 IEEE.; 2019 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2019 ; Conference date: 18-02-2019 Through 21-02-2019",
year = "2019",
month = feb,
doi = "10.1109/ISGT.2019.8791594",
language = "English",
series = "2019 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2019",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
booktitle = "2019 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2019",
}