Minimizing Building Electricity Costs in a Dynamic Power Market: Algorithms and Impact on Energy Conservation

@inproceedings{Pan2013MinimizingBE,
  title={Minimizing Building Electricity Costs in a Dynamic Power Market: Algorithms and Impact on Energy Conservation},
  author={Dawei Pan and Dan Wang and Jiannong Cao and Yu Peng and Xiyuan Peng},
  booktitle={RTSS},
  year={2013}
}
  • Dawei Pan, Dan Wang, +2 authors Xiyuan Peng
  • Published in RTSS 2013
  • Computer Science
  • Energy is a global concern and the electricity bills nowadays are leading to unprecedented costs. Electricity price is market-based and dynamic. In this paper, we investigate how to cut the electricity bills of commercial buildings in a dynamic power market. The building thermal systems (e.g., air-conditioning), which dominate electricity bills, has a special property of thermal storage, i.e., the energy will not immediately dissipate from thermal air/water. Intuitively, with storage, the… CONTINUE READING

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