Smart Grid Economics

Author : Clemens van Dinther,Christoph M. Flath,Reinhard Madlener
Publisher : Springer Nature
Page : 245 pages
File Size : 40,6 Mb
Release : 2022-05-07
Category : Technology & Engineering
ISBN : 9783030842864

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Smart Grid Economics and Management by Clemens van Dinther,Christoph M. Flath,Reinhard Madlener Pdf

This book focuses on market/regulatory issues concerning smart grid applications, business cases and use cases. It covers the most relevant aspects of the smart grid—design considerations, economics, legal aspects and system management—and includes exercises at the end of each chapter. Since renewable energy generation is weather-dependent, it is more volatile, which affects market prices and the need for flexibility options including demand side management. In order to balance supply and demand in a sustainable manner also with high shares of renewables, energy systems need to be enhanced by smart grid technologies. This co-evolutionary transformation of the energy system, economic, societal, political and regulatory domains is challenging and calls for an integrated and interdisciplinary approach. This book provides an essential basis to prepare lecturers and students for engaging in the new energy world.

Author : Anna Cretì,Fulvio Fontini
Publisher : Cambridge University Press
Page : 369 pages
File Size : 49,5 Mb
Release : 2019-05-30
Category : Business & Economics
ISBN : 9781107185654

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Economics of Electricity by Anna Cretì,Fulvio Fontini Pdf

Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.

Author : Takanori Ida,Makoto Tanaka,Koichiro Ito
Publisher : Springer Nature
Page : 142 pages
File Size : 54,6 Mb
Release : 2024-01-03
Category : Business & Economics
ISBN : 9789819985777

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Smart Grid Economics by Takanori Ida,Makoto Tanaka,Koichiro Ito Pdf

This book aims to report on a cutting-edge research project of the smart grid in Japan, resting on the three pillars of field experiments, behavioral economics, and big data. The field experiments on the smart grid were conducted in four regions in Japan—Yokohama city, Toyota city, Keihanna Science City, and Kitakyushu city—over a three-year period from 2012 to 2014 after the Great East Japan Earthquake on March 11, 2011, and the subsequent accident at the Fukushima Nuclear Power Plants. Our focus here is on demand response in the smart grid environment, which we also discuss in the context of power system reforms. The book is intended for undergraduate and graduate students, researchers, policy makers, and business leaders.

Author : Takanori Ida,Makoto Tanaka,Koichiro Ito
Publisher : Springer
Page : 0 pages
File Size : 54,8 Mb
Release : 2024-02-05
Category : Business & Economics
ISBN : 9819985765

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Smart Grid Economics by Takanori Ida,Makoto Tanaka,Koichiro Ito Pdf

This book aims to report on a cutting-edge research project of the smart grid in Japan, resting on the three pillars of field experiments, behavioral economics, and big data. The field experiments on the smart grid were conducted in four regions in Japan—Yokohama city, Toyota city, Keihanna Science City, and Kitakyushu city—over a three-year period from 2012 to 2014 after the Great East Japan Earthquake on March 11, 2011, and the subsequent accident at the Fukushima Nuclear Power Plants. Our focus here is on demand response in the smart grid environment, which we also discuss in the context of power system reforms. The book is intended for undergraduate and graduate students, researchers, policy makers, and business leaders.

Author : Elena G. Popkova,Bruno Sergi,Aleksei V. Bogoviz
Publisher : Frontiers Media SA
Page : 102 pages
File Size : 55,9 Mb
Release : 2023-04-25
Category : Technology & Engineering
ISBN : 9782832521526

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Sustainable and Environmental Development of Energy Economics based on Smart Grids and EnergyTech by Elena G. Popkova,Bruno Sergi,Aleksei V. Bogoviz Pdf

Author : Anne Beaulieu,Jaap De Wilde,Jacquelien M.A. Scherpen
Publisher : Springer
Page : 283 pages
File Size : 50,9 Mb
Release : 2016-02-15
Category : Technology & Engineering
ISBN : 9783319280776

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Smart Grids from a Global Perspective by Anne Beaulieu,Jaap De Wilde,Jacquelien M.A. Scherpen Pdf

This book presents a cross-disciplinary approach to smart grids, offering an invaluable basis for understanding their complexity and potential, and for discussing their technical, legal, economic, societal, psychological and security aspects. Smart grids are a complex phenomenon involving new, active roles for consumers and prosumers, novel social, political and cultural practices, advanced ICT, new markets, security of supply issues, the informational turn in energy, valuation of assets and investments, technological innovation and (de)regulation. Furthermore, smart grids offer new interfaces, in turn creating hybrid fields: with the increasing use of electric vehicles and electric transportation, smart grids represent the crossroads of energy and mobility. While the aim is to achieve more sustainable production, transportation and use of energy, the importance of smart grids actually has less to do with electricity, heat or gas, and far more with transforming the infrastructure needed to deliver energy, as well as the roles of its owners, operators and users. The immediate goal is to contribute positively to a sustainable world society. The chapters are revised and expanded texts based upon lectures delivered at the Groningen Energy Summer School 2014. Questions for further discussion at the end of each chapter highlight the key themes that emerge. The book offers an indispensable resource for researchers, professionals and companies in the power supply industry, and for students seeking to broaden and deepen their understanding of smart grids.

Author : Jiahu Qin,Yanni Wan,Fangyuan Li,Yu Kang,Weiming Fu
Publisher : Springer Nature
Page : 246 pages
File Size : 48,5 Mb
Release : 2023-01-25
Category : Technology & Engineering
ISBN : 9789811985942

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Distributed Economic Operation in Smart Grid: Model-Based and Model-Free Perspectives by Jiahu Qin,Yanni Wan,Fangyuan Li,Yu Kang,Weiming Fu Pdf

This book aims to work out the distributed economic operation in smart grids in a systematic way, which ranges from model-based to model-free perspectives. The main contributions of this book can be summarized into three folds. First, we investigate the fundamental economic operation problems in smart grids from model-based perspective. Specifically, these problems can be modeled as deterministic optimization models, and we propose some distributed optimization algorithms by integrating the multi-agent consensus theory and optimization techniques to achieve the distributed coordination of various generation units and loads. Second, due to the randomness of the large-scale renewable energies and the flexibility of the loads, we further address these economic operation problems from a model-free perspective, and we propose learning-based approaches to address the uncertainty and randomness. At last, we extend the idea of model-based and model-free algorithms to plug-in electric vehicles (PEVs) charging/discharging scheduling problem, the key challenge of which involves multiple objectives simultaneously while the behavior of PEVs and the electricity price are intrinsically random. This book presents several recent theoretical findings on distributed economic operation in smart grids from model-based and model-free perspectives. By systematically integrating novel ideas, fresh insights, and rigorous results, this book provides a base for further theoretical research on distributed economic operation in smart grids. It can be a reference for graduates and researchers to study the operation and management in smart grids. Some prerequisites for reading this book include optimization theory, matrix theory, game theory, reinforcement learning, etc.

Author : Wadim Strielkowski
Publisher : Elsevier
Page : 342 pages
File Size : 45,5 Mb
Release : 2019-11-05
Category : Business & Economics
ISBN : 9780128177709

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Social Impacts of Smart Grids by Wadim Strielkowski Pdf

Social Impacts of Smart Grids: The Future of Smart Grids and Energy Market Design explores the significant, unexplored societal consequences of our meteoric evolution towards intelligent, responsive and sustainable power generation and distribution systems-the so-called 'smart grid'. These consequences include new patterns of consumption behavior, systems planning under increasing uncertainty, and the ever- growing complexities involved. The work covers the historical impact of the transformation, examines the changing role of production and consumption behavior, articulates the principles and options for socially responsible smart grid power market design, and explores social acceptance of the smart grid. Where relevant, it examines adjacent literatures from P2P electricity markets, electric vehicles, smart homes and smart cities, and related 'internet of energy' developments. Finally, it provides insights into mitigating the likely social consequences of our integrated low-carbon energy future. Evaluates the connections between the concept of sustainability and the social impacts of the smart grids Analyzes emerging trends in smart grids connected with trends towards the sharing economy Investigates environmental degradation awareness and environmental stewardship goals associated with smart grids Explores how to mitigate social challenges with effective smart grid power market design Integrates energy stewardship and social acceptance literatures into the discussion of the smart grid

Author : João P. S. Catalão
Publisher : CRC Press
Page : 452 pages
File Size : 44,5 Mb
Release : 2017-12-19
Category : Technology & Engineering
ISBN : 9781498712132

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Smart and Sustainable Power Systems by João P. S. Catalão Pdf

The smart grid initiative, integrating advanced sensing technologies, intelligent control methods, and bi-directional communications into the contemporary electricity grid, offers excellent opportunities for energy efficiency improvements and better integration of distributed generation, coexisting with centralized generation units within an active network. A large share of the installed capacity for recent renewable energy sources already comprises insular electricity grids, since the latter are preferable due to their high potential for renewables. However, the increasing share of renewables in the power generation mix of insular power systems presents a significant challenge to efficient management of the insular distribution networks, mainly due to the variability and uncertainty of renewable generation. More than other electricity grids, insular electricity grids require the incorporation of sustainable resources and the maximization of the integration of local resources, as well as specific solutions to cope with the inherent characteristics of renewable generation. Insular power systems need a new generation of methodologies and tools to face the new paradigm of large-scale renewable integration. Smart and Sustainable Power Systems: Operations, Planning, and Economics of Insular Electricity Grids discusses the modeling, simulation, and optimization of insular power systems to address the effects of large-scale integration of renewables and demand-side management. This practical book: Describes insular power systems, renewable energies, uncertainty, variability, reserves, and demand response Examines state-of-the-art forecasting techniques, power flow calculations, and scheduling models Covers probabilistic and stochastic approaches, scenario generation, and short-term operation Includes comprehensive testing and validation of the mathematical models using real-world data Explores electric price signals, competitive operation of distribution networks, and network expansion planning Smart and Sustainable Power Systems: Operations, Planning, and Economics of Insular Electricity Grids provides a valuable resource for the design of efficient methodologies, tools, and solutions for the development of a truly sustainable and smart grid.

Author : Tobias Brandt
Publisher : Springer
Page : 185 pages
File Size : 40,5 Mb
Release : 2016-02-03
Category : Computers
ISBN : 9783658124151

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IT Solutions for the Smart Grid by Tobias Brandt Pdf

Tobias Brandt outlines how information technology (IT) can be used to integrate sustainable energy technologies into existing infrastructures. The topic is approached from micro, meso, as well as macro perspectives. He first describes how IT artifacts can be used to manage renewable energy sources and energy storage devices in individual households and microgrids for an improved economic and ecological performance. The author proceeds by assessing the economic feasibility of aggregating electric vehicles for large-scale energy storage. The final chapter explores the issue of stability in automated mechanisms. A game-theoretical model is first introduced for financial markets and later transferred to the automated management of energy demand.

Author : Hannes Gohli
Publisher : Nomos Verlag
Page : 510 pages
File Size : 40,6 Mb
Release : 2022-12-01
Category : Political Science
ISBN : 9783748938798

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Steering Political Currents by Hannes Gohli Pdf

Chinas Einsatz von Industriepolitik hat die Debatte über staatliche Intervention in der Wirtschaft neu entfacht. Nur wenige Branchen erleben die lenkende Hand des Staates wie der chinesische Elektrizitätssektor. Dieser sieht sich aber einem radikalen Umbruch ausgesetzt. Der Begriff "Smart Grid" umfasst technische und systemische Reformen, die für einen Strukturwandel erforderlich sind. Diese Studie untersucht durch die Linse der Steuerungstheorie die Auswirkungen einer Gesetzgebung auf Machtkämpfe im Elektrizitätssektor Chinas. Anhand von Dokumentenanalyse und Interviews wird der Frage nachgegangen, wie Steuerungsprozesse durchgeführt und Gegensteuerungsstrategien entwickelt werden, um Verhandlungen auf politischer Ebene zu beeinflussen.

Author : Christian Derksen,Christoph Weber
Publisher : Springer
Page : 189 pages
File Size : 45,8 Mb
Release : 2017-08-29
Category : Computers
ISBN : 9783319665535

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Smart Energy Research. At the Crossroads of Engineering, Economics, and Computer Science by Christian Derksen,Christoph Weber Pdf

This volume consists of revised selected papers presented at the 3rd and 4th International Conference on Smart Energy Research, SmartER Europe 2016 and 2017, held in Essen, Germany, in February 2016 and 2017. The 13 full papers included in this volume were carefully reviewed and selected from 25 submissions. The papers discuss recent advances and experiences in building and using new IT-based solutions for Smart Grids and Smart Markets combining the knowledge of different disciplines such as engineering, business management and economics as well as computer science. They reflect the versatility and the complexity of the transformation process in the energy sector and also show the great need for research that is required to achieve the high targets for a digitized and sustainable energy landscape.

Author : Gontar, Zbigniew H.
Publisher : IGI Global
Page : 306 pages
File Size : 46,6 Mb
Release : 2018-06-27
Category : Computers
ISBN : 9781522539971

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Smart Grid Analytics for Sustainability and Urbanization by Gontar, Zbigniew H. Pdf

Information and communication technologies play an essential role in the effectiveness and efficiency of smart city processes. Recognizing the role of process analysis in energy usage and how it can be enhanced is essential to improving city sustainability. Smart Grid Analytics for Sustainability and Urbanization provides emerging research on the development of information technology and communication systems in smart cities and smart grids. While highlighting topics such as process mining, innovation management, and sustainability optimization, this publication explores technology development and the mobilization of different environments in smart cities. This book is an important resource for graduate students, researchers, academics, engineers, and government officials seeking current research on how process analysis in energy usage is manifested and how it can be enhanced.

Author : Gert Brunekreeft,Till Luhmann,Tobias Menz,Sven-Uwe Müller,Paul Recknagel
Publisher : Springer
Page : 163 pages
File Size : 49,5 Mb
Release : 2015-06-19
Category : Technology & Engineering
ISBN : 9783658084639

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Regulatory Pathways For Smart Grid Development in China by Gert Brunekreeft,Till Luhmann,Tobias Menz,Sven-Uwe Müller,Paul Recknagel Pdf

The study’s recommendations describe institutional elements in the context of electric power sector regulation and has the objective to increase the understanding of the interdependencies of the institutional elements. In future work, the study results might be employed for designing very specific regulatory policies. The recommendations developed in this study focus primarily on the regulatory framework for smart grids and contains a quite detailed description of how the German electricity markets evolved. It also focuses on the effects of ambitiously expanding generation capacities of renewable energy sources (RES) on established electricity markets. The presented evidence will provide insights on how the regulatory framework in China could be designed to foster smart grids developments in the context of establishing electricity markets and expanding RES generation capacities.

Author : Sayyad Nojavan,Kazem Zare
Publisher : Springer Nature
Page : 287 pages
File Size : 45,5 Mb
Release : 2020-02-18
Category : Business & Economics
ISBN : 9783030313999

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Demand Response Application in Smart Grids by Sayyad Nojavan,Kazem Zare Pdf

This book analyzes the economic and technical effects of demand response programs in smart grids. A variety of operational and financial benefits are offered by demand response programs (DRPs) for load-serving entities, grid operators, and electricity consumers. The most notable advantages of DRPs are presented in this book, including decreased electricity prices, risk management, market power mitigation, and flexibility of market operations. In-depth chapters discuss the integration of demand response programs for the planning and operation of smart grids and explore the uncertainties of market prices, renewable resources and intermittent load management, making this a useful reference for a variety of different organizations and players in the electricity market, such as reliability organizations, distribution companies, transmission companies, and electric end-users.