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 language | English |
|---|---|
| Title of host publication | IEEE INFOCOM 2021 - IEEE Conference on Computer Communications (INFOCOM WKSHPS) |
| Publisher | IEEE |
| ISBN (Electronic) | 9781665404433 |
| ISBN (Print) | 9781665447140 |
| DOIs | |
| Publication status | Published - 2021 |
| Event | 40th IEEE Conference on Computer Communications (INFOCOM 2021) - Virtual, Vancouver, BC, Canada Duration: 10 May 2021 → 13 May 2021 https://infocom2021.ieee-infocom.org/index.html https://www.sdsc.cityu.edu.hk/news-event/news/sdsc-faculty-awarded-ieee-infocom-2021 |
Publication series
| Name | IEEE INFOCOM - IEEE Conference on Computer Communications, INFOCOM |
|---|
Conference
| Conference | 40th IEEE Conference on Computer Communications (INFOCOM 2021) |
|---|---|
| Place | Canada |
| City | Vancouver, BC |
| Period | 10/05/21 → 13/05/21 |
| Internet address |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
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