In the future there will be an increased uptake of solar and battery systems in the residential sector, driven by falling battery costs and increasing electricity tariffs. The increased uptake means we need new methods to forecast electricity demand when considering these technologies.
This paper has achieved this goal using a two stage model.
There are a number of factors accelerating the uptake of residential battery systems in Australia, these include: falling battery cost, increased energy prices and lower solar export rates. Given the new interest, it is important to analyse the optimal capacities of residential battery systems, for a standard Australian households.