Reduction of operational cost using energy storage management and demand response

US-201313858027-A
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(en)A method for managing demand or load includes, upon receipt of a demand response signal or a load management request from a utility to change the price of electricity, determining the cost of energy from a local battery, and if the cost of energy from battery is higher than the cost of electricity from the utility, shedding power from one or more devices based on the utility price, and otherwise discharging power from the battery to reduce a net load on the grid without any actual load reduction.

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