The electricity price arbitrage from the utility grid can be a major source of revenue for energy storage systems. In most countries, the electricity price is tightly regulated by their government statutory authority or energy regulator to which obey the different power utility and distribution...

This paper develops a model which can be used to minimize the electricity cost of South African farms through the usage of a wind pump with pico hydro generator and a borehole in pumped hydro storage configuration referred to as "hydro aeropower". This model will optimally schedule the...

The collaborative development of the electricity and carbon markets can reduce transaction costs, stimulate energy conservation and emission reductions, and accelerate the social transition to low carbon. In this paper, we present a comprehensive review of the current state and policy challenges...