Energy storage demand growth rate calculation formula

How to calculate peaking demand and capacity of Es?

Then, the power of maximum peaking demand of ES and the capacity of maximum peaking demand of ES are calculated as follows: (30) (31) where is the accumulated power of the continuous charging or discharging for peak shaving of ES; is the duration of each peaking cycle.

How is demand for oil products in road transport calculated?

Demand for oil products in road transport (RDOIL) was estimated as a function of RPOIL, GDP (shown as MMGDP), and energy consumption in the previous year. A dummy variable was included for 2008–2013 to get a sound equation. The demand equation for RDOIL is as follows: The result of the regression analysis is in Table A-6 and Figure A-6, Appendix.

How is future energy demand forecasted?

Future energy demand for various energy sources will be forecasted using the estimated formulas mentioned above with the assumed future values of the macroeconomic, energy price, and other activity indicators. However, not all energy consumption of the sectors could be estimated as a demand formula because of data limitations.

How was the demand function estimated?

The demand function was estimated using the econometrics approach, which is a top-down approach linking the macroeconomic model and energy model.

How is energy demand modelled in econometrics?

In the econometrics approach, energy demand is modelled as a function of macroeconomic activities such as income (or GDP), relative prices amongst sources of energy, and energy consumption at previous period.

How is total exchange energy calculated?

It should be noted that analytical agencies calculate the total exchange energy based on the condition that a unit performs 1 complete charge-discharge cycle within one day, but this approach cannot be universal.