  High performance grid computing is a key enabler of large scale collaborative
computational science. With the promise of exascale computing, high performance
grid systems are expected to incur electricity bills that grow super-linearly
over time. In order to achieve cost effectiveness in these systems, it is
essential for the scheduling algorithms to exploit electricity price
variations, both in space and time, that are prevalent in the dynamic
electricity price markets. In this paper, we present a metascheduling algorithm
to optimize the placement of jobs in a compute grid which consumes electricity
from the day-ahead wholesale market. We formulate the scheduling problem as a
Minimum Cost Maximum Flow problem and leverage queue waiting time and
electricity price predictions to accurately estimate the cost of job execution
at a system. Using trace based simulation with real and synthetic workload
traces, and real electricity price data sets, we demonstrate our approach on
two currently operational grids, XSEDE and NorduGrid. Our experimental setup
collectively constitute more than 433K processors spread across 58 compute
systems in 17 geographically distributed locations. Experiments show that our
approach simultaneously optimizes the total electricity cost and the average
response time of the grid, without being unfair to users of the local batch
systems.
