Case 1 description

Case 1 is a really simple microgrid made of three loads, one PV installation, and one storage device. The microgrid is grid-tied, and can thus exchange with the grid at a price indexed on the spot price. A peak pricing penalty is also applied and is implemented as follows:

• At the beginning of each month, the highest peak over the 11 preceding months is stored in \(p_{past}\)

• A cost proportional to \(p_{past}\) is directly incurred

• Then, the highest monthly peak is recorded at each period \(t\) in a variable \(p_t\)

• Every time \(p_t > p_{past}\), a cost proportional to (\(p_t - p_{past}\)) is incurred, and \(p_{past} := p_t\)