Optimal Control of End-User Energy Storage

• Published in: IEEE 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
• Language: English
• Published: IEEE 01.06.2013; Institute of Electrical and Electronics Engineers
• Subjects: 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

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...