Optimal management of energy storage systems for residential customers with photovoltaic generation

The growing focus that some big companies are putting on the electrical storage market is leading to a decrease in the cost of these devices, which are now becoming appealing also for residential applications, often coupled with the installation of photovoltaic panels. This poses the problem of the optimal management of energy storage systems for residential customers in order to fully exploit the benefits of both photovoltaic generation and storage. The solution to this problem is an integral part of home energy management systems, which are expected to play a key role in the smart grid of the future. The purpose of this paper is to propose and analyze different energy storage system management policies in a framework with real time pricing for both energy purchase and sell. This pricing scheme is already present in some markets worldwide and will likely become more and more common in the next years.