Optimal Control of End-User Energy Storage

@article{Ven2013OptimalCO,
  title={Optimal Control of End-User Energy Storage},
  author={Peter M. van de Ven and Nidhi Hegde and Laurent Massouli{\'e} and Theodoros Salonidis},
  journal={IEEE Transactions on Smart Grid},
  year={2013},
  volume={4},
  pages={789-797}
}
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… CONTINUE READING
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