“…The energy band in the hot water storage tank can be adjusted in accordance with the electricity price to utilise low‐price periods and feeder loading conditions/voltages to take advantage of low‐demand periods. The state of energy (SOE) and price‐based adaptive SOE limits were modelled as follows [
44]:
where E initial is the initial energy in the hot water storage tank, E IN is the input energy to the tank, E OUT is the hot water drawn from the tank, E LOSS is the energy loss due to the temperature difference, and E FC is the energy capacity of the tank.
…”