In this paper, we present a novel decentralised management technique that allows electricity micro-storage devices, deployed within individual homes as part of a smart electricity grid, to converge to profitable and efficient behaviours. Specifically, we propose the use of software agents, residing on the users’ smart meters, to automate and optimise the charging cycle of micro-storage devices ...

Smart grids propose new solutions for electricity consumers as a means to help them use energy in an efficient way. In this paper, we consider the demand-side management issue that exists for a group of consumers (houses) that are equipped with renewable energy (wind turbines) and storage units (battery), and we try to find the optimal scheduling for their home appliances, in order to reduce th...

Energy is a global concern and the electricity bills nowadays are leading to unprecedented costs. Electricity price is market-based and dynamic. In this paper, we investigate how to cut the electricity bills of commercial buildings in a dynamic power market. The building thermal systems (e.g., air-conditioning), which dominate electricity bills, has a special property of thermal storage, i.e., ...

Electricity storage is likely to be an important factor in balancing fluctuations renewable generators' output, but concentrated ownership could lead market power. We model this for short-term (daily) the British electricity wholesale market, with generating companies acting as either price-takers or Cournot competitors. discuss how competitive charging and discharging behaviour depends on bala...

In this paper, we develop optimal electricity storage control policies to manage chargingand discharging activities for plug-in hybrid electric vehicles for the benefit of an energy mar-ket participant. We first develop models for both risk-neutral and risk-averse aggregators toparticipate only in a real-time market. The proposed models capture the impact of the charg-ing and di...

The increasing use of renewable energy technologies for electricity generation, many of which have an unpredictably intermittent nature, will inevitably lead to a greater need for electricity storage. Although there are many existing and emerging storage technologies, most have limitations in terms of geographical constraints, high capital cost or low cycle life, and few are of sufficient scale...

An hourly energy balance analysis is presented of the Australian National Electricity Market in a 100% renewable energy scenario, in which wind and photovoltaics (PV) provides about 90% of the annual electricity demand and existing hydroelectricity and biomass provides the balance. Heroic assumptions about future technology development are avoided by only including technology that is being depl...