Air conditioning in houses, office buildings and schools consume high portion of the generated electricity in Saudi Arabia. This paper presents a study of the economic opportunities afforded by installing an ice storage system to existing air conditioning plants of a school in Jeddah, Saudi Arabia. In this paper, the assumptions are i) fixed interest rate of 10%, ii) a tenure of 10 years and iii) estimated operational tariff structure depending on both the number of operating hours and the ambient temperature. The study examines both full and partial load storage scenarios then calculates the effect of various pricing tariffs on cost optimization. The results show that the current fixed electricity tariff rate of $0.0267/kWh which is not economically feasible. Combining both the energy storage and an incentive time structured rate shows reasonable daily bill savings. For a base tariff of $0.07/kWh during daytime operation and $0.0267/kWh for the off-peak period, savings of $33/d and $73.36/d is achievable for full load storage and partial load scenarios, respectively. These savings will increase to $159/d for full load storage and $124.06/d for partial load storage after 10 years.
| Published in | International Journal of Sustainable and Green Energy (Volume 5, Issue 4) |
| DOI | 10.11648/j.ijrse.20160504.12 |
| Page(s) | 59-70 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2016. Published by Science Publishing Group |
Ice Storage, Cooling Load, Economic Analysis
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APA Style
Badr Habeebullah, Rahim Jassim, Nedim Turkmen, Ahmad Bokhary, Majed Alhazmy. (2016). Cost-Effectiveness Opportunities for Thermal Energy Storage Systems: A Case Study of School Building in Saudi Arabia. International Journal of Sustainable and Green Energy, 5(4), 59-70. https://doi.org/10.11648/j.ijrse.20160504.12
ACS Style
Badr Habeebullah; Rahim Jassim; Nedim Turkmen; Ahmad Bokhary; Majed Alhazmy. Cost-Effectiveness Opportunities for Thermal Energy Storage Systems: A Case Study of School Building in Saudi Arabia. Int. J. Sustain. Green Energy 2016, 5(4), 59-70. doi: 10.11648/j.ijrse.20160504.12
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Download@article{10.11648/j.ijrse.20160504.12,
author = {Badr Habeebullah and Rahim Jassim and Nedim Turkmen and Ahmad Bokhary and Majed Alhazmy},
title = {Cost-Effectiveness Opportunities for Thermal Energy Storage Systems: A Case Study of School Building in Saudi Arabia},
journal = {International Journal of Sustainable and Green Energy},
volume = {5},
number = {4},
pages = {59-70},
doi = {10.11648/j.ijrse.20160504.12},
url = {https://doi.org/10.11648/j.ijrse.20160504.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijrse.20160504.12},
abstract = {Air conditioning in houses, office buildings and schools consume high portion of the generated electricity in Saudi Arabia. This paper presents a study of the economic opportunities afforded by installing an ice storage system to existing air conditioning plants of a school in Jeddah, Saudi Arabia. In this paper, the assumptions are i) fixed interest rate of 10%, ii) a tenure of 10 years and iii) estimated operational tariff structure depending on both the number of operating hours and the ambient temperature. The study examines both full and partial load storage scenarios then calculates the effect of various pricing tariffs on cost optimization. The results show that the current fixed electricity tariff rate of $0.0267/kWh which is not economically feasible. Combining both the energy storage and an incentive time structured rate shows reasonable daily bill savings. For a base tariff of $0.07/kWh during daytime operation and $0.0267/kWh for the off-peak period, savings of $33/d and $73.36/d is achievable for full load storage and partial load scenarios, respectively. These savings will increase to $159/d for full load storage and $124.06/d for partial load storage after 10 years.},
year = {2016}
}
TY - JOUR T1 - Cost-Effectiveness Opportunities for Thermal Energy Storage Systems: A Case Study of School Building in Saudi Arabia AU - Badr Habeebullah AU - Rahim Jassim AU - Nedim Turkmen AU - Ahmad Bokhary AU - Majed Alhazmy Y1 - 2016/07/06 PY - 2016 N1 - https://doi.org/10.11648/j.ijrse.20160504.12 DO - 10.11648/j.ijrse.20160504.12 T2 - International Journal of Sustainable and Green Energy JF - International Journal of Sustainable and Green Energy JO - International Journal of Sustainable and Green Energy SP - 59 EP - 70 PB - Science Publishing Group SN - 2575-1549 UR - https://doi.org/10.11648/j.ijrse.20160504.12 AB - Air conditioning in houses, office buildings and schools consume high portion of the generated electricity in Saudi Arabia. This paper presents a study of the economic opportunities afforded by installing an ice storage system to existing air conditioning plants of a school in Jeddah, Saudi Arabia. In this paper, the assumptions are i) fixed interest rate of 10%, ii) a tenure of 10 years and iii) estimated operational tariff structure depending on both the number of operating hours and the ambient temperature. The study examines both full and partial load storage scenarios then calculates the effect of various pricing tariffs on cost optimization. The results show that the current fixed electricity tariff rate of $0.0267/kWh which is not economically feasible. Combining both the energy storage and an incentive time structured rate shows reasonable daily bill savings. For a base tariff of $0.07/kWh during daytime operation and $0.0267/kWh for the off-peak period, savings of $33/d and $73.36/d is achievable for full load storage and partial load scenarios, respectively. These savings will increase to $159/d for full load storage and $124.06/d for partial load storage after 10 years. VL - 5 IS - 4 ER -
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