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Optimal battery charge/discharge strategies for prosumers and suppliers

Mestel, B. D. (2017). Optimal battery charge/discharge strategies for prosumers and suppliers. Energy Systems, 8(3) pp. 511–523.

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DOI (Digital Object Identifier) Link: https://doi.org/10.1007/s12667-016-0211-y
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Abstract

We discuss the application of classical variational methods to optimal charging/discharging strategies for a prosumer or storage supplier, where the price of electrical power is known in advance. We outline how a classical calculus of variations approach can be applied to two related problems: (i) how can a prosumer minimise the cost of charging/discharging a battery, when the price of electrical power is known throughout the charging/discharging period? and (ii) how can an electricity supplier incentivise desired prosumer/storage supplier behaviour by adjusting the price?

Item Type: Journal Item
Copyright Holders: 2016 Springer-Verlag
ISSN: 1868-3975
Keywords: variational methods; prosumer; battery; storage; smart grid
Academic Unit/School: Faculty of Science, Technology, Engineering and Mathematics (STEM) > Mathematics and Statistics
Faculty of Science, Technology, Engineering and Mathematics (STEM)
Item ID: 46408
Depositing User: Benjamin Mestel
Date Deposited: 24 May 2016 15:03
Last Modified: 02 May 2019 14:40
URI: http://oro.open.ac.uk/id/eprint/46408
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