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Storing Electricity in a Country's Electrical Grid as a Key Energy Problem of the 21st Century

Author(s)
Roginskiy, Leonid A.; Larson, Richard Charles; Belenky, Alexander S.
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Abstract
Basic problems of optimizing the structure of a country's electrical grid by incorporating storage facilities and renewable sources of energy into the grid are formulated, and the authors' vision on how to approach some of these problems is offered. A game model for analyzing the potential of an electrical grid with storing facilities to serve its customers and for finding fair (equilibrium) electricity tariffs in it is discussed, and an elementary scheme for estimating advantages of using these fair tariffs by a customer of the grid is proposed. Keywords: derivatives; electrical grid; storing electricity; storing strategy
Date issued
2016-08
URI
http://hdl.handle.net/1721.1/115369
Department
Massachusetts Institute of Technology. Department of Mathematics; Massachusetts Institute of Technology. Institute for Data, Systems, and Society
Journal
Procedia Computer Science
Publisher
Elsevier
Citation
Belenky, Alexander S. et al. “Storing Electricity in a Country’s Electrical Grid as a Key Energy Problem of the 21st Century.” Procedia Computer Science 91 (2016): 873–881 © 2016 The Author(s)
Version: Final published version
ISSN
1877-0509

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