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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/234773
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- Title
- User-optimal storage with rising energy prices
- Author(s)
- Jesudasan, Rozanna N.; Andrew, Lachlan L. H.; Vu, Hai L.
- Abstract
- When energy prices fluctuate, small scale storage, such as provided by electric vehicles or uninterruptible power supplies, allows users to reduce their overall costs by buying in price troughs. However, if future prices are rising, a user may be inclined to store energy long-term. By analysing the structural properties of the charging schedule for energy storage systems, this paper demonstrates that long-term storage is optimal only if prices are rising extremely rapidly. The tools and methods described in this report is part of a broader investigation into the application of data networking concepts in energy networks.
- Publication type
- Technical report
- Research centre
- Swinburne University of Technology. Faculty of Information and Communication Technologies. Centre for Advanced Internet Architectures
- Source
- Centre for Advanced Internet Architectures: technical reports, No. 120906A (Sep 2012)
- Publication year
- 2012
- Keyword(s)
- Energy prices; Optimisation; Storage systems
- Publisher
- Centre for Advanced Internet Architectures, Swinburne University of Technology
- Publisher URL
- http://caia.swinburne.edu.au/reports/
- Copyright
- Copyright © 2012 The Authors.
- Research Projects
-
Increasing internet energy and cost efficiency by improving higher-layer protocols, Australian Research Council grant number FT0991594
- Full text
