A refrigerator is disclosed herein. The refrigerator may include a compressor to compress a refrigerant, a condenser to condense the refrigerant passed through the compressor, a capillary tube that lowers a temperature and pressure of the refrigerant passed through the condenser, an evaporator to evaporate the refrigerant passed through the capillary tube, a thermal storage device for auxiliary cooling that undergoes heat exchange with the refrigerant to store thermal energy, an energy management device that receives electric rate information, and a controller configured to control the compressor based on the electric rate information received at the energy management device. The controller may control an operation of the thermal storage device to provide auxiliary cooling for the refrigerator when the compressor is not operational or when electric rates are relatively high.