Optimal Control of End-User Energy Storage

An increasing number of retail energy markets show price fluctuations, providing users with the opportunity to buy energy at lower than average prices. We propose to temporarily store this inexpensive energy in a battery, and use it to satisfy demand when energy prices are high, thus allowing users...

Full description

Saved in:
Bibliographic Details
Published inIEEE transactions on smart grid Vol. 4; no. 2; pp. 789 - 797
Main Authors van de Ven, P. M., Hegde, N., Massoulie, L., Salonidis, T.
Format Journal Article
LanguageEnglish
Published IEEE 01.06.2013
Institute of Electrical and Electronics Engineers
Subjects
Online AccessGet full text

Cover

Loading…
Abstract An increasing number of retail energy markets show price fluctuations, providing users with the opportunity to buy energy at lower than average prices. We propose to temporarily store this inexpensive energy in a battery, and use it to satisfy demand when energy prices are high, thus allowing users to exploit the price variations without having to shift their demand to the low-price periods. We study the battery control policy that yields the best performance, i.e., minimizes the total discounted costs. The optimal policy is shown to have a threshold structure, and we derive these thresholds in a few special cases. The cost savings obtained from energy storage are demonstrated through extensive numerical experiments, and we offer various directions for future research.
AbstractList An increasing number of retail energy markets show price fluctuations, providing users with the opportunity to buy energy at lower than average prices. We propose to temporarily store this inexpensive energy in a battery, and use it to satisfy demand when energy prices are high, thus allowing users to exploit the price variations without having to shift their demand to the low-price periods. We study the battery control policy that yields the best performance, i.e., minimizes the total discounted costs. The optimal policy is shown to have a threshold structure, and we derive these thresholds in a few special cases. The cost savings obtained from energy storage are demonstrated through extensive numerical experiments, and we offer various directions for future research.
Author Massoulie, L.
van de Ven, P. M.
Salonidis, T.
Hegde, N.
Author_xml – sequence: 1
  givenname: P. M.
  surname: van de Ven
  fullname: van de Ven, P. M.
  email: petermvandeven@gmail.com
  organization: IBM Thomas J. Watson Res. Center, Yorktown Heights, NY, USA
– sequence: 2
  givenname: N.
  surname: Hegde
  fullname: Hegde, N.
  organization: Paris Res. & Innovation Center, Technicolor, Issy-les-Moulineaux, France
– sequence: 3
  givenname: L.
  surname: Massoulie
  fullname: Massoulie, L.
  organization: MSR-Inria Joint Centre, INRIA, Palaiseau, France
– sequence: 4
  givenname: T.
  surname: Salonidis
  fullname: Salonidis, T.
  organization: IBM Thomas J. Watson Res. Center, Yorktown Heights, NY, USA
BackLink https://hal.science/hal-00969208$$DView record in HAL
BookMark eNo9kM1rAjEQxUOxUGu9F3rZawtrM5nsbnIU8aMgeFDPIcaJtWw3kl0K_veNKM5lHsN7w-P3zHpNaIixV-AjAK4_N-v5SHAQIyFQaIkPrA9a6hx5Cb27LvCJDdv2h6dBxFLoPvtYnbrjr62zSWi6GOos-Gza7PNtSzEJiodztu5CtAd6YY_e1i0Nb3vAtrPpZrLIl6v512S8zB1K2eUFUOF3hVe6EDuPJXekrCJJ0glnK5fqeVLOSgAlKum8xb1CD1ro0pLgOGDv17_ftjanmNrFswn2aBbjpbncONelFlz9QfLyq9fF0LaR_D0A3FzQmITGXNCYG5oUebtGjkR0t5eyqkBX-A_gy17b
CODEN ITSGBQ
CitedBy_id crossref_primary_10_1049_iet_gtd_2016_0231
crossref_primary_10_1109_TSG_2016_2514412
crossref_primary_10_1109_ACCESS_2017_2717923
crossref_primary_10_3182_20130708_3_CN_2036_00111
crossref_primary_10_1016_j_scs_2018_01_002
crossref_primary_10_1109_TCC_2021_3076978
crossref_primary_10_1109_TPWRS_2021_3118785
crossref_primary_10_1109_TSG_2016_2618621
crossref_primary_10_1007_s42524_022_0194_4
crossref_primary_10_1109_JPROC_2015_2466089
crossref_primary_10_1109_TSG_2015_2438035
crossref_primary_10_1016_j_enconman_2014_07_063
crossref_primary_10_1111_poms_13068
crossref_primary_10_1109_TSTE_2018_2869882
crossref_primary_10_1109_TSG_2020_3015088
crossref_primary_10_1109_TPWRS_2016_2643624
crossref_primary_10_1109_TSG_2023_3280226
crossref_primary_10_1109_TSG_2016_2529424
crossref_primary_10_5547_2160_5890_6_1_rgre
crossref_primary_10_1109_ACCESS_2019_2961389
crossref_primary_10_1109_TSG_2016_2542367
crossref_primary_10_1088_1742_6596_1639_1_012053
crossref_primary_10_1016_j_automatica_2020_109096
crossref_primary_10_1109_TSG_2018_2858206
crossref_primary_10_1109_TPWRS_2016_2553961
crossref_primary_10_1088_1748_9326_ab9a69
crossref_primary_10_1016_j_est_2024_110905
crossref_primary_10_3390_app11177991
crossref_primary_10_1145_3379482
crossref_primary_10_1109_TSTE_2017_2767064
crossref_primary_10_1002_tee_22639
crossref_primary_10_1016_j_orl_2021_04_002
crossref_primary_10_1109_TIA_2020_2964635
crossref_primary_10_1109_TSIPN_2017_2778945
crossref_primary_10_1007_s10479_017_2505_4
crossref_primary_10_1109_TSG_2015_2494874
crossref_primary_10_2139_ssrn_3983678
crossref_primary_10_1016_j_ijepes_2018_02_034
crossref_primary_10_1109_TAC_2018_2867507
crossref_primary_10_1049_iet_gtd_2018_5606
crossref_primary_10_1287_opre_2018_1732
crossref_primary_10_1088_1742_6596_1343_1_012060
crossref_primary_10_1109_TGCN_2019_2893712
crossref_primary_10_1016_j_compchemeng_2021_107306
crossref_primary_10_1016_j_epsr_2021_107176
crossref_primary_10_1080_24725854_2018_1440670
crossref_primary_10_1109_TSTE_2015_2497718
crossref_primary_10_1109_TSG_2015_2478599
crossref_primary_10_1287_msom_2023_0068
crossref_primary_10_1049_gtd2_12329
crossref_primary_10_1080_17445760_2016_1218876
crossref_primary_10_1109_TSG_2016_2611245
crossref_primary_10_1016_j_ijepes_2014_11_003
crossref_primary_10_1109_TCC_2017_2744623
crossref_primary_10_1016_j_renene_2015_09_072
crossref_primary_10_1109_TAC_2016_2572046
crossref_primary_10_2139_ssrn_2738004
crossref_primary_10_1016_j_est_2020_102057
crossref_primary_10_1109_TSG_2023_3263862
crossref_primary_10_1049_iet_stg_2018_0159
crossref_primary_10_1109_TSTE_2018_2870043
crossref_primary_10_1016_j_ijepes_2021_107798
crossref_primary_10_1109_TSTE_2016_2622003
crossref_primary_10_1109_TPWRS_2014_2344859
crossref_primary_10_1016_j_enbuild_2020_110478
crossref_primary_10_1109_TAC_2020_3046555
crossref_primary_10_1109_TCST_2021_3132662
crossref_primary_10_1016_j_apenergy_2017_03_118
crossref_primary_10_1016_j_neucom_2017_08_017
crossref_primary_10_1109_TSG_2017_2748519
crossref_primary_10_1155_2014_906284
crossref_primary_10_1016_j_sysconle_2018_09_007
crossref_primary_10_1002_er_4130
crossref_primary_10_1016_j_est_2017_05_003
crossref_primary_10_3390_en11102683
crossref_primary_10_1109_TSTE_2018_2828337
crossref_primary_10_1287_mnsc_2019_3289
crossref_primary_10_1109_TPDS_2015_2478785
crossref_primary_10_3390_en12244640
crossref_primary_10_1007_s13369_017_2596_x
crossref_primary_10_1155_2015_380926
crossref_primary_10_1109_TSG_2020_3012124
crossref_primary_10_3390_en14123568
Cites_doi 10.1016/j.eneco.2006.08.008
10.1016/j.enbuild.2010.05.023
10.1145/1993744.1993766
10.1109/PTC.2009.5282245
10.1109/SmartGridComm.2011.6102369
10.1016/j.reseneeco.2011.06.003
10.1016/j.epsr.2008.04.002
10.1016/j.jpowsour.2009.09.070
10.1109/CDC.2011.6160862
10.2172/836966
10.1016/j.energy.2005.02.018
10.1016/S1040-6190(99)00071-8
10.5547/ISSN0195-6574-EJ-Vol26-No3-5
ContentType Journal Article
Copyright Distributed under a Creative Commons Attribution 4.0 International License
Copyright_xml – notice: Distributed under a Creative Commons Attribution 4.0 International License
DBID 97E
RIA
RIE
AAYXX
CITATION
1XC
DOI 10.1109/TSG.2012.2232943
DatabaseName IEEE All-Society Periodicals Package (ASPP) 2005-present
IEEE All-Society Periodicals Package (ASPP) 1998-Present
IEEE Electronic Library Online
CrossRef
Hyper Article en Ligne (HAL)
DatabaseTitle CrossRef
DatabaseTitleList

Database_xml – sequence: 1
  dbid: RIE
  name: IEEE Electronic Library Online
  url: https://proxy.k.utb.cz/login?url=https://ieeexplore.ieee.org/
  sourceTypes: Publisher
DeliveryMethod fulltext_linktorsrc
Discipline Engineering
Computer Science
EISSN 1949-3061
EndPage 797
ExternalDocumentID oai_HAL_hal_00969208v1
10_1109_TSG_2012_2232943
6477197
Genre orig-research
GroupedDBID 0R~
4.4
5VS
6IK
97E
AAJGR
AASAJ
ABQJQ
ABVLG
ACIWK
AENEX
AKJIK
ALMA_UNASSIGNED_HOLDINGS
ATWAV
BEFXN
BFFAM
BGNUA
BKEBE
BPEOZ
EBS
EJD
HZ~
IFIPE
IPLJI
JAVBF
M43
O9-
OCL
P2P
RIA
RIE
RIG
RNS
AAYXX
AGSQL
CITATION
1XC
ID FETCH-LOGICAL-c344t-51e5fb5f8952bf360ce8a8e4e4c2ca7c943fe8ca4118274cfa3d83f19296ae203
IEDL.DBID RIE
ISSN 1949-3053
IngestDate Sat Nov 16 06:55:59 EST 2024
Fri Dec 06 02:43:01 EST 2024
Wed Jun 26 19:27:58 EDT 2024
IsPeerReviewed true
IsScholarly true
Issue 2
Language English
License https://ieeexplore.ieee.org/Xplorehelp/downloads/license-information/IEEE.html
Distributed under a Creative Commons Attribution 4.0 International License: http://creativecommons.org/licenses/by/4.0
LinkModel DirectLink
MergedId FETCHMERGED-LOGICAL-c344t-51e5fb5f8952bf360ce8a8e4e4c2ca7c943fe8ca4118274cfa3d83f19296ae203
PageCount 9
ParticipantIDs ieee_primary_6477197
crossref_primary_10_1109_TSG_2012_2232943
hal_primary_oai_HAL_hal_00969208v1
PublicationCentury 2000
PublicationDate 2013-06-01
PublicationDateYYYYMMDD 2013-06-01
PublicationDate_xml – month: 06
  year: 2013
  text: 2013-06-01
  day: 01
PublicationDecade 2010
PublicationTitle IEEE transactions on smart grid
PublicationTitleAbbrev TSG
PublicationYear 2013
Publisher IEEE
Institute of Electrical and Electronics Engineers
Publisher_xml – name: IEEE
– name: Institute of Electrical and Electronics Engineers
References ref12
guo (ref13) 2011
ref14
van de ven (ref1) 2011
ref20
hu (ref11) 2010
ref10
ref2
ref19
ref8
ref7
zhou (ref15) 2011
ref9
rockafellar (ref21) 1972
ref4
bertsekas (ref17) 1996
ref3
(ref18) 2012
ref6
ref5
harsha (ref16) 2012
References_xml – ident: ref6
  doi: 10.1016/j.eneco.2006.08.008
– year: 2010
  ident: ref11
  article-title: Optimal operation strategy of battery energy storage system to real-time electricity price in Denmark
  publication-title: Proc IEEE Power Energy Soc Gen Meet
  contributor:
    fullname: hu
– ident: ref19
  doi: 10.1016/j.enbuild.2010.05.023
– ident: ref8
  doi: 10.1145/1993744.1993766
– ident: ref10
  doi: 10.1109/PTC.2009.5282245
– year: 1996
  ident: ref17
  publication-title: Stochastic Optimal Control The Discrete-Time Case
  contributor:
    fullname: bertsekas
– ident: ref12
  doi: 10.1109/SmartGridComm.2011.6102369
– ident: ref4
  doi: 10.1016/j.reseneeco.2011.06.003
– year: 1972
  ident: ref21
  publication-title: Convex Analysis
  contributor:
    fullname: rockafellar
– year: 2011
  ident: ref15
  publication-title: Managing Wind-based Electricity Generation with Storage and Transmission Capacity
  contributor:
    fullname: zhou
– year: 2012
  ident: ref16
  article-title: Optimal management and sizing of energy storage under dynamic pricing for the efficient integration of renewable energy
  contributor:
    fullname: harsha
– ident: ref3
  doi: 10.1016/j.epsr.2008.04.002
– year: 2012
  ident: ref18
  article-title: Independent electricity system operator
– year: 2011
  ident: ref13
  article-title: Cutting down electricity cost in internet data centers by using energy storage
  publication-title: Proc IEEE Globecom
  contributor:
    fullname: guo
– ident: ref7
  doi: 10.1016/j.jpowsour.2009.09.070
– ident: ref14
  doi: 10.1109/CDC.2011.6160862
– year: 2011
  ident: ref1
  article-title: Optimal control of residential energy storage under price fluctuations
  publication-title: Proc IARIA ENERGY
  contributor:
    fullname: van de ven
– ident: ref5
  doi: 10.2172/836966
– ident: ref20
  doi: 10.1016/j.energy.2005.02.018
– ident: ref9
  doi: 10.1016/S1040-6190(99)00071-8
– ident: ref2
  doi: 10.5547/ISSN0195-6574-EJ-Vol26-No3-5
SSID ssj0000333629
Score 2.4583113
Snippet An increasing number of retail energy markets show price fluctuations, providing users with the opportunity to buy energy at lower than average prices. We...
SourceID hal
crossref
ieee
SourceType Open Access Repository
Aggregation Database
Publisher
StartPage 789
SubjectTerms Batteries
Battery storage
Computer Science
Discharges (electric)
dynamic pricing
dynamic programming
energy storage
Markov decision processes
Mathematical model
Networking and Internet Architecture
Optimal control
Optimization
Pricing
threshold policy
Title Optimal Control of End-User Energy Storage
URI https://ieeexplore.ieee.org/document/6477197
https://hal.science/hal-00969208
Volume 4
hasFullText 1
inHoldings 1
isFullTextHit
isPrint
link http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwjV1LS8NAEB7anvTgq4r1RRAviomb3c1jj6W0FrF6aAu9hWQfCGIqknrw1zubpKGKB2_DMoTly7Az385jAa44MyoiYeqqTKUu-lvlooAsJZaCR6GNgi1RnDyF4zl_WASLFtw2vTBa67L4THtWLHP5ailX9qrszjZN-iJqQzsSYdWr1dynEMbwLBZlEpnbdH7A1llJIu5m03tbxkU99IZUcPbDC7VfbA3kxuMqpW8Z7cJkvauqpOTVWxWZJ79-DWz877b3YKcOMp1-ZRX70NL5AWxvjB7sws0znhVvqDSoatWdpXGGuXLnaJIo2IZAZ4p8HI-bQ5iPhrPB2K3fTXAl47xwA18HJgtMLAKaGRYSqeM01lxzSWUa4U9gRscy5ZZcRFyalKmYGYz1RJhqStgRdPJlro_B8TNCJReKKWa4_VykFVIsLUyqaMCiHlyvcUzeq_EYSUkriEgQ88RintSY9-ASgW7U7Fzrcf8xsWuWSAlK4k-_B10LYKNVY3fy9_IpbNHqeQqX-GfQKT5W-hyDhCK7KK3jG1Zdti0
link.rule.ids 230,314,780,784,796,885,27924,27925,54758
linkProvider IEEE
linkToHtml http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwjV1LTwIxEJ4AHtSDLzTic2O8aNyl23YfPRICogIegITbZrePmBjBGPDgr3e6CwSNB2-TZrJpvp105us8CnDNmVERCVNXZSp10d8qFwVkKbEUPAptFGyJYq8fdkb8cRyMS3C36oXRWufFZ9qzYp7LV1M5t1dldds06YuoDBsBxzi36NZa3agQxvA0FnkamduEfsCWeUki6sPBvS3koh76Qyo4--GHyi-2CnLteZXcu7R3obfcV1FU8urNZ5knv36NbPzvxvdgZxFmOo3CLvahpCcHsL02fLAKt894WryhUrOoVnemxmlNlDtCo0TBtgQ6A2TkeOAcwqjdGjY77uLlBFcyzmdu4OvAZIGJRUAzw0IidZzGmmsuqUwj_A3M6Fim3NKLiEuTMhUzg9GeCFNNCTuCymQ60cfg-BmhkgvFFDPcfi7SCkmWFiZVNGBRDW6WOCbvxYCMJCcWRCSIeWIxTxaY1-AKgV6p2cnWnUY3sWuWSglK4k-_BlUL4Eprgd3J38uXsNkZ9rpJ96H_dApbtHiswiX-GVRmH3N9jiHDLLvILeUbIXy5gA
openUrl ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Optimal+Control+of+End-User+Energy+Storage&rft.jtitle=IEEE+transactions+on+smart+grid&rft.au=van+de+Ven%2C+P.+M.&rft.au=Hegde%2C+N.&rft.au=Massoulie%2C+L.&rft.au=Salonidis%2C+T.&rft.date=2013-06-01&rft.pub=IEEE&rft.issn=1949-3053&rft.eissn=1949-3061&rft.volume=4&rft.issue=2&rft.spage=789&rft.epage=797&rft_id=info:doi/10.1109%2FTSG.2012.2232943&rft.externalDocID=6477197
thumbnail_l http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=1949-3053&client=summon
thumbnail_m http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=1949-3053&client=summon
thumbnail_s http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=1949-3053&client=summon