Optimal peak-minimizing online algorithms for large-load users with energy storage

Yanfang MO, Qiulin LIN, Minghua CHEN, S. Joe QIN

Research output: Book Chapters | Papers in Conference ProceedingsConference paper (refereed)Referred Conference Paperpeer-review

7 Citations (Scopus)

Abstract

The peak-demand charge motivates large-load customers to flatten their demand curves, while their self-owned renewable generations aggravate demand fluctuations. Thus, it is attractive to utilize energy storage for shaping real-time loads and reducing electricity bills. In this paper, we propose the first peak-aware competitive online algorithm for leveraging stored energy (e.g., in fuel cells) to minimize peak-demand charges. Our algorithm decides the discharging quantity slot by slot to maintain the optimal worst-case performance guarantee (namely, competitive ratio) among all deterministic online algorithms. Interestingly, we show that the best competitive ratio can be computed by solving a linear number of linear-fractional problems. We can also extend our competitive algorithm and analysis to improve the average-case performance and consider short-term prediction.
Original languageEnglish
Title of host publicationIEEE INFOCOM 2021 - IEEE Conference on Computer Communications Workshops, INFOCOM WKSHPS 2021
PublisherInstitute of Electrical and Electronics Engineers
ISBN (Electronic)9781665404433
ISBN (Print)9781665447140
DOIs
Publication statusPublished - 2021
Externally publishedYes
Event2021 IEEE Conference on Computer Communications Workshops (INFOCOM WKSHPS 2021) - Virtual, Vancouver, Canada
Duration: 10 May 202113 May 2021

Publication series

NameIEEE Conference on Computer Communications Workshops, INFOCOM Wksps

Conference

Conference2021 IEEE Conference on Computer Communications Workshops (INFOCOM WKSHPS 2021)
Country/TerritoryCanada
CityVancouver
Period10/05/2113/05/21

Bibliographical note

The work presented in this paper was supported in part by a Start-up Grant (Project No. 9380118) from City University of Hong Kong.

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