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Eventually, society will need to be powered almost entirely by renewable energy sources. This will require very large scale storage for long time periods, such as between seasons or even between years. On these timescales, issues such as gradual leakage of energy and price rises must be considered. This paper considers optimal storage management schedules on these long time scales, from the point...
Under dynamic pricing, organizations can reduce their electricity cost by varying their load with price. When the end load is inflexible, storage can match the energy draw from the grid to the price. In this paper we present a general model for power cost management by shifting demand for high power away from high electricity price periods through imperfect energy storages. Using Lyapunov optimization,...
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