Smart Grid Economics And Management

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Smart Grid Economics and Management

Clemens van Dinther,Christoph M. Flath,Reinhard Madlener
Smart Grid Economics and Management Book PDF

Author : Clemens van Dinther,Christoph M. Flath,Reinhard Madlener
Publisher : Springer Nature
Page : 245 pages
File Size : 52,5 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.

Economics of Electricity

Anna Cretì,Fulvio Fontini
Economics of Electricity Book PDF

Author : Anna Cretì,Fulvio Fontini
Publisher : Cambridge University Press
Page : 369 pages
File Size : 52,5 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.

Smart Grid Economics

Takanori Ida,Makoto Tanaka,Koichiro Ito
Smart Grid Economics Book PDF

Author : Takanori Ida,Makoto Tanaka,Koichiro Ito
Publisher : Springer Nature
Page : 142 pages
File Size : 45,6 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.

Smart Energy Management for Smart Grids

Khmaies Ouahada,Omowunmi Mary Longe
Smart Energy Management for Smart Grids Book PDF

Author : Khmaies Ouahada,Omowunmi Mary Longe
Publisher : MDPI
Page : 350 pages
File Size : 40,5 Mb
Release : 2020-03-16
Category : Technology & Engineering
ISBN : 9783039281428

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Smart Energy Management for Smart Grids by Khmaies Ouahada,Omowunmi Mary Longe Pdf

This book is a contribution from the authors, to share solutions for a better and sustainable power grid. Renewable energy, smart grid security and smart energy management are the main topics discussed in this book.

Social Impacts of Smart Grids

Wadim Strielkowski
Social Impacts of Smart Grids Book PDF

Author : Wadim Strielkowski
Publisher : Elsevier
Page : 342 pages
File Size : 50,7 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

Smart Grid Control

Jakob Stoustrup,Anuradha Annaswamy,Aranya Chakrabortty,Zhihua Qu
Smart Grid Control Book PDF

Author : Jakob Stoustrup,Anuradha Annaswamy,Aranya Chakrabortty,Zhihua Qu
Publisher : Springer
Page : 288 pages
File Size : 51,5 Mb
Release : 2018-09-25
Category : Technology & Engineering
ISBN : 9783319983103

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Smart Grid Control by Jakob Stoustrup,Anuradha Annaswamy,Aranya Chakrabortty,Zhihua Qu Pdf

This book focuses on the role of systems and control. Focusing on the current and future development of smart grids in the generation and transmission of energy, it provides an overview of the smart grid control landscape, and the potential impact of the various investigations presented has for technical aspects of power generation and distribution as well as for human and economic concerns such as pricing, consumption and demand management. A tutorial exposition is provided in each chapter, describing the opportunities and challenges that lie ahead. Topics in these chapters include: wide-area control; issues of estimation and integration at the transmission; distribution, consumers, and demand management; and cyber-physical security for smart grid control systems. The contributors describe the problems involved with each topic, and what impact these problems would have if not solved. The tutorial components and the opportunities and challenges detailed make this book ideal for anyone interested in new paradigms for modernized, smart power grids, and anyone in a field where control is applied. More specifically, it is a valuable resource for students studying smart grid control, and for researchers and academics wishing to extend their knowledge of the topic.

IT Solutions for the Smart Grid

Tobias Brandt
IT Solutions for the Smart Grid Book PDF

Author : Tobias Brandt
Publisher : Springer
Page : 185 pages
File Size : 55,7 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.

Advanced Approaches, Business Models, and Novel Techniques for Management and Control of Smart Grids

Pierluigi Siano ,Miadreza Shafie-khah
Advanced Approaches Business Models and Novel Techniques for Management and Control of Smart Grids Book PDF

Author : Pierluigi Siano ,Miadreza Shafie-khah
Publisher : MDPI
Page : 210 pages
File Size : 40,9 Mb
Release : 2020-12-29
Category : Technology & Engineering
ISBN : 9783039367580

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Advanced Approaches, Business Models, and Novel Techniques for Management and Control of Smart Grids by Pierluigi Siano ,Miadreza Shafie-khah Pdf

The current power system should be renovated to fulfill social and industrial requests and economic advances. Hence, providing economic, green, and sustainable energy are key goals of advanced societies. In order to meet these goals, recent features of smart grid technologies need to have the potential to improve reliability, flexibility, efficiency, and resiliency. This book aims to address the mentioned challenges by introducing advanced approaches, business models, and novel techniques for the management and control of future smart grids.

Smart Grids and Big Data Analytics for Smart Cities

Chun Sing Lai,Loi Lei Lai,Qi Hong Lai
Smart Grids and Big Data Analytics for Smart Cities Book PDF

Author : Chun Sing Lai,Loi Lei Lai,Qi Hong Lai
Publisher : Springer Nature
Page : 403 pages
File Size : 54,6 Mb
Release : 2020-10-31
Category : Technology & Engineering
ISBN : 9783030521554

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Smart Grids and Big Data Analytics for Smart Cities by Chun Sing Lai,Loi Lei Lai,Qi Hong Lai Pdf

This book provides a comprehensive introduction to different elements of smart city infrastructure - smart energy, smart water, smart health, and smart transportation - and how they work independently and together. Theoretical development and practical applications are presented, along with related standards, recommended practices, and professional guidelines. Throughout the book, diagrams and case studies are provided that demonstrate the systems presented, and extensive use of scenarios helps readers better grasp how smart grids, the Internet of Things, big data analytics, and trading models can improve road safety, healthcare, smart water management, and a low-carbon economy. A must-read for practicing engineers, consultants, regulators, utility operators, and environmentalists involved in smart city development, the book will also appeal to city planners and designers, as well as upper-level undergraduate and graduate students studying energy, environmental science, technology, economics, signal processing, information science, and power engineering.

Smart Grid (R)Evolution

Jennie C. Stephens,Elizabeth J. Wilson,Tarla Rai Peterson
Smart Grid R Evolution Book PDF

Author : Jennie C. Stephens,Elizabeth J. Wilson,Tarla Rai Peterson
Publisher : Cambridge University Press
Page : 217 pages
File Size : 50,8 Mb
Release : 2015-02-26
Category : Business & Economics
ISBN : 9781107047280

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Smart Grid (R)Evolution by Jennie C. Stephens,Elizabeth J. Wilson,Tarla Rai Peterson Pdf

This book explores smart grid from a social perspective, for advanced students, academic researchers, and energy professionals.

Smart and Sustainable Power Systems

João P. S. Catalão
Smart and Sustainable Power Systems Book PDF

Author : João P. S. Catalão
Publisher : CRC Press
Page : 452 pages
File Size : 42,9 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.

Distributed Economic Operation in Smart Grid: Model-Based and Model-Free Perspectives

Jiahu Qin,Yanni Wan,Fangyuan Li,Yu Kang,Weiming Fu
Distributed Economic Operation in Smart Grid Model Based and Model Free Perspectives Book PDF

Author : Jiahu Qin,Yanni Wan,Fangyuan Li,Yu Kang,Weiming Fu
Publisher : Springer Nature
Page : 246 pages
File Size : 42,9 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.

Smart Grid

James A. Momoh
Smart Grid Book PDF

Author : James A. Momoh
Publisher : John Wiley & Sons
Page : 234 pages
File Size : 41,7 Mb
Release : 2012-03-07
Category : Technology & Engineering
ISBN : 9781118156100

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Smart Grid by James A. Momoh Pdf

The book is written as primer hand book for addressing the fundamentals of smart grid. It provides the working definition the functions, the design criteria and the tools and techniques and technology needed for building smart grid. The book is needed to provide a working guideline in the design, analysis and development of Smart Grid. It incorporates all the essential factors of Smart Grid appropriate for enabling the performance and capability of the power system. There are no comparable books which provide information on the “how to” of the design and analysis. The book provides a fundamental discussion on the motivation for the smart grid development, the working definition and the tools for analysis and development of the Smart Grid. Standards and requirements needed for designing new devices, systems and products are discussed; the automation and computational techniques need to ensure that the Smart Grid guarantees adaptability, foresight alongside capability of handling new systems and components are discussed. The interoperability of different renewable energy sources are included to ensure that there will be minimum changes in the existing legacy system. Overall the book evaluates different options of computational intelligence, communication technology and decision support system to design various aspects of Smart Grid. Strategies for demonstration of Smart Grid schemes on selected problems are presented.

Smart Grids from a Global Perspective

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

Author : Anne Beaulieu,Jaap De Wilde,Jacquelien M.A. Scherpen
Publisher : Springer
Page : 283 pages
File Size : 43,6 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.

Smart Grid

Fereidoon Perry Sioshansi
Smart Grid Book PDF

Author : Fereidoon Perry Sioshansi
Publisher : Academic Press
Page : 569 pages
File Size : 51,5 Mb
Release : 2011-10-27
Category : Business & Economics
ISBN : 9780123864529

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Smart Grid by Fereidoon Perry Sioshansi Pdf

The creation of a flexible, efficient, digitized, dependable and resilient power grid may well be the best route to increasing energy efficiency & security, as well as boosting the potential of renewable & distributed power sources. However, there is still much confusion about the nature of the Smart Grid: What is it? What work needs to be accomplished in order to make it a reality? How will it benefit the drive to diversify energy resources? This book covers Smart Grids from A-Z, providing a complete treatment of the topic, covering both policy and technology, explaining the most recent innovations supporting its development, and clarifying how the Smart Grid can support the integration of Renewable Energy resources. Among the most important topics included are smart metering, renewable energy storage, plug-in hybrids, flexible demand response, strategies for offsetting intermittency issues, micro-grids for off-grid communities, and specific in-depth coverage of wind and solar power integration. The content draws lessons from an international panel of contributors, whose diverse experiences implementing smart grids will help to provide templates for success. If we intend to undertake a meaningful overhaul of the way the world uses energy resources, we ignore grid management issues at our peril. Ultimately, this important book examines what the integration challenges are, what technology and policy needs to be in place in order to support uptake, and what The Smart Grid can do to enable solutions. Provides critical information on the technological, design and policy issues that must be taken into account to ensure that the smart grid is implemented successfully Demonstrates how smart grids can help utilities adhere to increased renewable portfolio standards Provides examples of successful microgrid/smart metering projects from around the world that can act as templates for developers, operators and investors embarking upon similar projects.