Foley & Lardner LLP
Cost optimization of a central energy facility with block-and-index rate structure
A building energy system includes equipment operable to consume, store, or generate one or more resources subject to a block-and-index rate structure. The building energy system includes a controller configured to obtain a cost function that represents a block of the resource(s) from the utility provider as being sourced from a first supplier at a fixed rate and a remainder of the resource(s) from the utility provider as being sourced from a second supplier at a variable rate. The controller is configured to optimize the cost function to generate values for one or more decision variables that indicate an amount of resource(s) to purchase, store, generate, or consume at each of a plurality of time steps, and control the equipment to achieve the values of the one or more decision variables at each of the time steps.
Johnson Controls Tyco IP Holdings LLP
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G06Q G06Q G06Q G06Q
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Michael J. Mohammad N.
Wenzel Elbsat