We consider the problem of co-optimizing behind-the-meter (BTM) storage and flexible demands with BTM stochastic renewable generation. Under a generalized net energy metering (NEM) policy-NEM X, we show that the optimal co-optimization policy schedules the flexible demands based on a load priority list that defers less prioritized loads to times when the BTM generation is abundant. This gives rise to the notion of a net-zero zone, which we quantify under different distributed energy resources (DER) compositions. We highlight the special case of inflexible demands that results in a storage policy that minimizes the imports and exports from and to the grid. Comparative statics are provided on the optimal co-optimization policy. Simulations using real residential data show the surplus gains of various customers under different DER compositions.
@article{arxiv.2212.03311,
title = {Co-optimizing Behind-The-Meter Resources under Net Metering},
author = {Ahmed S. Alahmed and Lang Tong},
journal= {arXiv preprint arXiv:2212.03311},
year = {2024}
}