Let [Pi] be a homogenous Markov specification associated with a countable state space S and countably infinite parameter space A possessing a neighbor relation [small tilde] such that (A,[small tilde]) is the regular tree with d +1 edges meeting at each vertex. Let ([pi])be the simplex of...

We characterise profit-maximising operating strategies, over some time horizon, for an energy store which is trading in an arbitrage market. Our theory allows for leakage, operating inefficiencies and general cost functions. In the special case where the operating cost of a store depends only on...