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.

DOI: https://doi.org/10.1007/s12667-016-0211-y

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?

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