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Table 1 Comparison of different optimization algorithms to minimize the energy costs over one week (06/15/18–06/21/18) for four different storage capacities. Purchasing exactly the required amount of energy in each time step, i.e., without using an electrical storage, costs 13,532 €. Note that the LP solutions are only given as lower bounds and do not correspond to feasible controls

From: Determining cost-efficient controls of electrical energy storages using dynamic programming

Capacity

500

1000

2500

5000

LP solution

13,358€

13,224€

12,954€

12,724€

MILP solution

13,388€

13,242€

12,980€

12,738€

DP solution

13,396€

13,250€

12,985€

12,742€