METHODS FOR ONLINE PEAK DEMAND REDUCTION OF LARGE LOAD USERS WITH ENERGY STORAGE DISCHARGE

A method of managing real-time electrical energy storage management from an electricity storage device to maximise the reduction of the use of a mains electricity grid during peak cost charging periods on the mains electricity grid, including: calculating an ideal offline use of the electricity storage device using ideal predicted parameters; calculate a plurality of electrical storage device storage and electrical discharge models using a plurality of algorithms based on recorded data; calculate the competitive ratio for each of the algorithms and the ideal offline use; and use power from the electricity storage device based on an optimal competitive ratio.