Smart Grid Economics

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Smart Grid Economics and Management

Author : Clemens van Dinther
Publisher : Springer Nature
ISBN 13 : 303084286X
Total Pages : 245 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Smart Grid Economics and Management by : Clemens van Dinther

Download or read book Smart Grid Economics and Management written by Clemens van Dinther and published by Springer Nature. This book was released on 2022-05-07 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author : Anna Cretì
Publisher : Cambridge University Press
ISBN 13 : 1107185653
Total Pages : 369 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Economics of Electricity by : Anna Cretì

Download or read book Economics of Electricity written by Anna Cretì and published by Cambridge University Press. This book was released on 2019-05-30 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.

Smart Grid Economics

Author : Takanori Ida
Publisher : Springer Nature
ISBN 13 : 9819985773
Total Pages : 142 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Smart Grid Economics by : Takanori Ida

Download or read book Smart Grid Economics written by Takanori Ida and published by Springer Nature. This book was released on 2024-01-03 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Social Impacts of Smart Grids

Author : Wadim Strielkowski
Publisher : Elsevier
ISBN 13 : 0128177705
Total Pages : 342 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Social Impacts of Smart Grids by : Wadim Strielkowski

Download or read book Social Impacts of Smart Grids written by Wadim Strielkowski and published by Elsevier. This book was released on 2019-11-05 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

IT Solutions for the Smart Grid

Author : Tobias Brandt
Publisher : Springer
ISBN 13 : 3658124156
Total Pages : 185 pages
Book Rating : 4.6/5 (581 download)

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Book Synopsis IT Solutions for the Smart Grid by : Tobias Brandt

Download or read book IT Solutions for the Smart Grid written by Tobias Brandt and published by Springer. This book was released on 2016-02-03 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Smart Grid Economics

Author : Takanori Ida
Publisher : Springer
ISBN 13 : 9789819985760
Total Pages : 0 pages
Book Rating : 4.9/5 (857 download)

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Book Synopsis Smart Grid Economics by : Takanori Ida

Download or read book Smart Grid Economics written by Takanori Ida and published by Springer. This book was released on 2024-02-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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

Author : Jiahu Qin
Publisher : Springer Nature
ISBN 13 : 9811985944
Total Pages : 246 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Distributed Economic Operation in Smart Grid: Model-Based and Model-Free Perspectives by : Jiahu Qin

Download or read book Distributed Economic Operation in Smart Grid: Model-Based and Model-Free Perspectives written by Jiahu Qin and published by Springer Nature. This book was released on 2023-01-25 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 and Sustainable Power Systems

Author : João P. S. Catalão
Publisher : CRC Press
ISBN 13 : 1498712134
Total Pages : 452 pages
Book Rating : 4.4/5 (987 download)

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Book Synopsis Smart and Sustainable Power Systems by : João P. S. Catalão

Download or read book Smart and Sustainable Power Systems written by João P. S. Catalão and published by CRC Press. This book was released on 2017-12-19 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Smart Grid (R)Evolution

Author : Jennie C. Stephens
Publisher : Cambridge University Press
ISBN 13 : 1316194825
Total Pages : 217 pages
Book Rating : 4.3/5 (161 download)

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Book Synopsis Smart Grid (R)Evolution by : Jennie C. Stephens

Download or read book Smart Grid (R)Evolution written by Jennie C. Stephens and published by Cambridge University Press. This book was released on 2015-02-26 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term 'smart grid' has become a catch-all phrase to represent the potential benefits of a revamped and more sophisticated electricity system that can fulfil several societal expectations related to enhanced energy efficiency and sustainability. Smart grid promises to enable improved energy management by utilities and by consumers, to provide the ability to integrate higher levels of variable renewable energy into the electric grid, to support the development of microgrids, and to engage citizens in energy management. However, it also comes with potential pitfalls, such as increased cybersecurity vulnerabilities and privacy risks. Although discussions about smart grid have been dominated by technical and economic dimensions, this book takes a sociotechnical systems perspective to explore critical questions shaping energy system transitions. It will be invaluable for advanced students, academic researchers, and energy professionals in a wide range of disciplines, including energy studies, energy policy, environmental science, sustainability science and environmental engineering.

Sustainable and Environmental Development of Energy Economics based on Smart Grids and EnergyTech

Author : Elena G. Popkova
Publisher : Frontiers Media SA
ISBN 13 : 2832521525
Total Pages : 102 pages
Book Rating : 4.8/5 (325 download)

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Book Synopsis Sustainable and Environmental Development of Energy Economics based on Smart Grids and EnergyTech by : Elena G. Popkova

Download or read book Sustainable and Environmental Development of Energy Economics based on Smart Grids and EnergyTech written by Elena G. Popkova and published by Frontiers Media SA. This book was released on 2023-04-25 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Smart Grids from a Global Perspective

Author : Anne Beaulieu
Publisher : Springer
ISBN 13 : 3319280775
Total Pages : 283 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Smart Grids from a Global Perspective by : Anne Beaulieu

Download or read book Smart Grids from a Global Perspective written by Anne Beaulieu and published by Springer. This book was released on 2016-02-15 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author : Fereidoon Perry Sioshansi
Publisher : Academic Press
ISBN 13 : 0123864526
Total Pages : 569 pages
Book Rating : 4.1/5 (238 download)

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Book Synopsis Smart Grid by : Fereidoon Perry Sioshansi

Download or read book Smart Grid written by Fereidoon Perry Sioshansi and published by Academic Press. This book was released on 2011-10-27 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Steering Political Currents

Author : Hannes Gohli
Publisher : Nomos Verlag
ISBN 13 : 3748938799
Total Pages : 510 pages
Book Rating : 4.7/5 (489 download)

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Book Synopsis Steering Political Currents by : Hannes Gohli

Download or read book Steering Political Currents written by Hannes Gohli and published by Nomos Verlag. This book was released on 2022-12-01 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Smart Energy Research. At the Crossroads of Engineering, Economics, and Computer Science

Author : Christian Derksen
Publisher : Springer
ISBN 13 : 3319665537
Total Pages : 189 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Smart Energy Research. At the Crossroads of Engineering, Economics, and Computer Science by : Christian Derksen

Download or read book Smart Energy Research. At the Crossroads of Engineering, Economics, and Computer Science written by Christian Derksen and published by Springer. This book was released on 2017-08-29 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Smart Grid Analytics for Sustainability and Urbanization

Author : Gontar, Zbigniew H.
Publisher : IGI Global
ISBN 13 : 1522539972
Total Pages : 306 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Smart Grid Analytics for Sustainability and Urbanization by : Gontar, Zbigniew H.

Download or read book Smart Grid Analytics for Sustainability and Urbanization written by Gontar, Zbigniew H. and published by IGI Global. This book was released on 2018-06-27 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Regulatory Pathways For Smart Grid Development in China

Author : Gert Brunekreeft
Publisher : Springer
ISBN 13 : 3658084634
Total Pages : 163 pages
Book Rating : 4.6/5 (58 download)

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Book Synopsis Regulatory Pathways For Smart Grid Development in China by : Gert Brunekreeft

Download or read book Regulatory Pathways For Smart Grid Development in China written by Gert Brunekreeft and published by Springer. This book was released on 2015-06-19 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Demand Response Application in Smart Grids

Author : Sayyad Nojavan
Publisher : Springer Nature
ISBN 13 : 3030313999
Total Pages : 287 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Demand Response Application in Smart Grids by : Sayyad Nojavan

Download or read book Demand Response Application in Smart Grids written by Sayyad Nojavan and published by Springer Nature. This book was released on 2020-02-18 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.