The increasing reliance on renewable energy generation means that storage may well play a much greater role in the balancing of future electricity systems. We show how heterogeneous stores, differing in capacity and rate constraints, may be optimally, or nearly optimally, scheduled to assist in such balancing, with the aim of minimising the total imbalance (unserved energy) over any given period of time. It further turns out that in many cases the optimal policies are such that the optimal decision at each point in time is independent of the future evolution of the supply-demand balance in the system, so that these policies remain optimal in a stochastic environment.
@article{arxiv.2006.16979,
title = {Scheduling of energy storage},
author = {Stan Zachary and Simon Tindemans and Michael Evans and James Cruise and David Angeli},
journal= {arXiv preprint arXiv:2006.16979},
year = {2021}
}
Comments
20 pages, 2 figures. To appear in Philosophical Transactions of the Royal Society, Series A