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

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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 Grids from a Global Perspective

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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.

Distributed Stochastic Economic Dispatch for Smart Grids

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (115 download)

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Book Synopsis Distributed Stochastic Economic Dispatch for Smart Grids by : Miguel Andrés Velásquez Motta

Download or read book Distributed Stochastic Economic Dispatch for Smart Grids written by Miguel Andrés Velásquez Motta and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Power systems have experienced several changes since smart grids and renewable resources increased their penetration. Traditionally, power systems operation has been addressed with unit commitment and economic dispatch problems that rely on a centralized operator. These operation methods are usually performed on a day-ahead basis, i.e., every 24 hours. As a result of volatility in renewable resources and demand, it is better to shorten the operation period, e.g., every hour. Centralized methods might not be feasible for solving short-term economic dispatch, especially in systems with several agents. Thereby, the research questions this thesis are what method can be used for solving short-term economic dispatch in the presence of smart grid elements? Second, what models can be designed in order to optimally dispatch power plants and operate different agents in a smart grid environment? Third, how uncertainty can be considered in such models without increasing dimensionality and keeping tractability? Fourth, what is the best way to operate power systems with smart grid elements? In order to solve all these questions, we deeply analyzed economic dispatch methods and smart grid elements. Next, we proposed two distributed economic dispatch methods that are feasible for hourly and ultra-short term periods. In addition, we integrated stochastic programming through a data-driven scenario generation in order to include randomness of power system variables. Finally, a hierarchical operation of hourly and ultra-short term was proposed to enhance operation performance. The results obtained in this thesis show that proposed methods answer our research questions and serve as a basis for operating power systems more efficiently. Under uncertainty framework, it is better to use stochastic approaches rather than deterministic ones. For using stochastic approaches, it is necessary to pass from centralized controllers to distributed architectures as it has been proposed in this work.

Distributed Optimization and Learning

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Publisher : Elsevier
ISBN 13 : 0443216371
Total Pages : 288 pages
Book Rating : 4.4/5 (432 download)

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Book Synopsis Distributed Optimization and Learning by : Zhongguo Li

Download or read book Distributed Optimization and Learning written by Zhongguo Li and published by Elsevier. This book was released on 2024-08-06 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed Optimization and Learning: A Control-Theoretic Perspective illustrates the underlying principles of distributed optimization and learning. The book presents a systematic and self-contained description of distributed optimization and learning algorithms from a control-theoretic perspective. It focuses on exploring control-theoretic approaches and how those approaches can be utilized to solve distributed optimization and learning problems over network-connected, multi-agent systems. As there are strong links between optimization and learning, this book provides a unified platform for understanding distributed optimization and learning algorithms for different purposes. Provides a series of the latest results, including but not limited to, distributed cooperative and competitive optimization, machine learning, and optimal resource allocation Presents the most recent advances in theory and applications of distributed optimization and machine learning, including insightful connections to traditional control techniques Offers numerical and simulation results in each chapter in order to reflect engineering practice and demonstrate the main focus of developed analysis and synthesis approaches

Distributed Optimization, Game and Learning Algorithms

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Publisher : Springer Nature
ISBN 13 : 9813345284
Total Pages : 227 pages
Book Rating : 4.8/5 (133 download)

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Book Synopsis Distributed Optimization, Game and Learning Algorithms by : Huiwei Wang

Download or read book Distributed Optimization, Game and Learning Algorithms written by Huiwei Wang and published by Springer Nature. This book was released on 2021-01-04 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the fundamental theory of distributed optimization, game and learning. It includes those working directly in optimization,-and also many other issues like time-varying topology, communication delay, equality or inequality constraints,-and random projections. This book is meant for the researcher and engineer who uses distributed optimization, game and learning theory in fields like dynamic economic dispatch, demand response management and PHEV routing of smart grids.

The Smart Grid as an Application Development Platform

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Publisher : Artech House
ISBN 13 : 1630814911
Total Pages : 239 pages
Book Rating : 4.6/5 (38 download)

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Book Synopsis The Smart Grid as an Application Development Platform by : George Koutitas

Download or read book The Smart Grid as an Application Development Platform written by George Koutitas and published by Artech House. This book was released on 2017-08-31 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative new resource explores the power grid from its classical role as a utility or service provider towards its new role as an application development platform. This book gives insight into the vision, problems and solutions, and risks of the smart grid model. The evolution of the power grid as it develops into an application-centric environment is explained in this book. This resource guides readers to better understand the primary motivation of the smart grid, and to explore how new technologies are creating a cleaner and more sustainable ecosystem for new business models to blossom. Key topics include the basics of electricity and the conventional grid structure, as well as the relationships between conventional economic models and emerging models based on transactive energy and the sharing economy. This book presents the orchestration of smart grid technologies as they are transforming the utility sector toward a human-centric grid. Readers gain insight into how they are playing an active role in the operation of the utility business as well as in the transfer of electrons. This book demonstrates how the new smart grid is becoming a distributed system that supports decentralized services through modern trends and distributed system architectures. Readers learn how grid intelligence and energy production migrates to the edge of the network. This book explores how consumers are transformed to “prosumers” of energy and providers of critical data that are dramatically changing the relationship with the electric utility business in order to enable new applications and services.

Modeling of Active Consumers and Their Impact on the Smart Grid

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (17 download)

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Book Synopsis Modeling of Active Consumers and Their Impact on the Smart Grid by : Kumarsinh Jhala

Download or read book Modeling of Active Consumers and Their Impact on the Smart Grid written by Kumarsinh Jhala and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Active consumers who engage in energy consumption, production, storage and provide ancillary services in a dynamic and interactive manner will be an integral part of the future grid. Firstly, this dissertation models and analyzes the interaction between active consumers and aggregators with a specific focus on consumer actions in response to real-time electricity pricing and the resulting impact on grid voltage. A unique prospect theory based consumer behavior model is introduced. This model captures wide range of consumers each with their individual preferences by modeling the interaction between the active consumers and the aggregator as a Stackelberg game. However, unlike existing game theoretic efforts that assume rational behavior of consumers, the prospect theory based models systematically incorporate realistic consumer behavior including irrationality. Secondly, this dissertation develops probabilistic voltage sensitivity analysis. In contrast to prior approaches that limit themselves to economic aspects, the proposed techno-economic perspective provides an understanding of the impact of large scale penetration of active consumers on the physical grid. Most current studies are scenario-based, and derived results are scenario specific. Determining the impact of spatially distributed active consumers with temporally variable behavior requires investigation of a large number of scenarios, which is computationally intractable using current iterative power flow algorithms. This work provides a new analytical method of voltage sensitivity analysis that allows for stochastic analysis of change in grid voltage due to change in consumer behavior (load and generation choices). This work first derives an upper bound for change in voltage at a particular bus due to change in power consumption at other buses in a radial distribution network. Next, this bound is used to derive the probability distribution of change voltage at a bus due to randomly changing power consumption/injection of random spatial distribution of the active consumers. This upper bound is also used to develop an algorithmic approach to identify the dominant influencer of voltage fluctuations in the power distribution system. Thirdly, security and stability aspects of transactive energy market based power distribution system is investigated. Specifically, the impact of attacks on pricing/load signals on the physical grid is quantified. This work models the interaction between real-time electricity price and total energy demand in the form of a discrete time non-linear autonomous dynamical system. Equilibrium electricity price and energy demand associated with this coupled dynamical system is derived and conditions for bounded input bounded output (BIBO) stability are identified. Then, a BIBO stable algorithm to design real-time electricity pricing scheme from a techno-economic perspective is developed. Finally, the impact of various level of false data injection (FDI) attack on price of electricity, demand and distribution system voltage is investigated. This dissertation shows that impact of FDI attack on electricity prices is more severe than an attack on electricity demand.

Practical Guidance for Defining a Smart Grid Modernization Strategy

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Publisher : World Bank Publications
ISBN 13 : 1464810559
Total Pages : 183 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Practical Guidance for Defining a Smart Grid Modernization Strategy by : Marcelino Madrigal

Download or read book Practical Guidance for Defining a Smart Grid Modernization Strategy written by Marcelino Madrigal and published by World Bank Publications. This book was released on 2017-03-22 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical Guidance for Defi ning a Smart Grid Modernization Strategy: The Case of Distribution guides stakeholders on how utilities can defi ne their own smart grid vision, identify priorities, and structure investment plans. While most of these strategic aspects apply to any area of the electricity grid, the book focuses on distribution. The guidance includes key building blocks for modernizing the distribution grid and provides examples of grid modernization projects. This revised edition also includes key communication system requirements to support a well-functioning grid. The concept of the smart grid is relevant to all grids. What varies are the magnitude and type of the incremental steps toward modernization for achieving a specifi c smart grid vision. A utility that is at a relatively low level of grid modernization may leapfrog one or more levels of modernization to achieve some of the benefi ts of the highest levels of grid modernization. Smart grids impact electric distribution systems signifi cantly. In developing countries, modernizing the distribution grid promises to benefi t the operation of electric distribution utilities in many and various ways. These benefi ts include improved operational effi ciency (such as reduced losses and lower energy consumption), reduced peak demand, improved service reliability, and ability to accommodate distributed generating resources without adversely impacting overall power quality. Practical Guidance for Defi ning a Smart Grid Modernization Strategy concludes by describing funding and regulatory issues that may need to be taken into account when developing smart grid plans. The World Bank Studies series is available for free download online through the Open Knowledge Repository (https://openknowledge.worldbank.org).

Distributed Control and Optimization Technologies in Smart Grid Systems

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Publisher : CRC Press
ISBN 13 : 1351613979
Total Pages : 192 pages
Book Rating : 4.3/5 (516 download)

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Book Synopsis Distributed Control and Optimization Technologies in Smart Grid Systems by : Fanghong Guo

Download or read book Distributed Control and Optimization Technologies in Smart Grid Systems written by Fanghong Guo and published by CRC Press. This book was released on 2017-11-09 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book aims to equalize the theoretical involvement with industrial practicality and build a bridge between academia and industry by reducing the mathematical difficulties. It provides an overview of distributed control and distributed optimization theory, followed by specific details on industrial applications to smart grid systems, with a special focus on micro grid systems. Each of the chapters is written and organized with an introductory section tailored to provide the essential background of the theories required. The text includes industrial applications to realistic renewable energy systems problems and illustrates the application of proposed toolsets to control and optimization of smart grid systems.

Multi-criteria Decision Making for Smart Grid Design and Operation

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Publisher : Springer Nature
ISBN 13 : 9811976775
Total Pages : 228 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Multi-criteria Decision Making for Smart Grid Design and Operation by : Lazar Z. Velimirović

Download or read book Multi-criteria Decision Making for Smart Grid Design and Operation written by Lazar Z. Velimirović and published by Springer Nature. This book was released on 2023-01-09 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is dedicated to the implementation of different multi-criteria decision-making techniques for various problems concerning planning and operation of the smart grid from the Society 5.0 perspective. It consists of a practical explanation of several multi-criteria approaches and examples of their application to real problems. In this book, the choice of the optimal smart grid strategy in planning and operation is made. Various areas of smart grid problems are analyzed, from the smart grid project efficiency assessment to the electric vehicle charging schedule optimization. The comparison of alternatives is made using different techniques taking into account the presence of multiple criteria of both qualitative and quantitative nature, different performance indicators, and the uncertain environment of the smart grid. The book outlines in clear terms how the electricity grid can be modernized in such a way that it monitors, protects, and automatically optimizes the operation of its interconnected elements, taking into account different stakeholders and criteria and society in general. The book covers various smart grid aspects—from the distributed generator through the medium-voltage network and distribution system, to energy storage installations and to end-use consumers and their thermostats, electric vehicles, appliances, and other household devices. The book serves as a practical guide for researchers, energy and utility professionals, power system planners, regulators, policymakers, and others in the field.

Integration of Distributed Resources in Smart Grids for Demand Response and Transactive Energy

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Publisher : Springer Nature
ISBN 13 : 9811671702
Total Pages : 278 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Integration of Distributed Resources in Smart Grids for Demand Response and Transactive Energy by : Meng Song

Download or read book Integration of Distributed Resources in Smart Grids for Demand Response and Transactive Energy written by Meng Song and published by Springer Nature. This book was released on 2021-11-30 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proliferation of renewable energy enhances the sustainability of power systems, but the inherent variability also poses great challenges to the planning and operation of large power grids. The corresponding electric power deficiencies can be compensated by fast ramping generators and energy storage devices. However, frequent ramp up/down power adjustments can increase the operation and the maintenance cost of generators. Moreover, storage devices are regarded as costly alternatives. Demand response (DR) and transactive energy can address this problem owing to its attractive and versatile capability for balancing the supply-demand, improving energy efficiency, and enhancing system resilience. Distributed resources are the typical participants of DR and transactive energy programs, which greatly contribute to keep the supply and demand in a balance. Thermostatically controlled loads (TCLs) (i.e., air conditioners, water heaters, and refrigerators) represent an example of distributed resources, the ratio of which to the total power consumption in developed countries is up to 30%–40%. Providing tremendous potentials in adjustable power consumption, TCLs have attracted major interests in DR and transactive energy opportunities. It has highlighted the advantages of TCLs in responding to uncertainties in power systems. This book provides an insight of TCLs as typical distributed resources in smart grids for demand response and transactive energy to address the imbalance between supply and demand problems in power systems. The key points on analysis of uncertainty parameters, aggregated control models, battery modelling, multi-time scale control, transactive control and robust restoration of TCLs are all included. These are the research points of smart grids and deserve much attention. We believe this book will offer the related researcher a better understanding on the integration of distributed resources into smart grid for demand response and transactive energy. And it will be helpful to address the problems in practical projects.

Distributed Linear Programming Models in a Smart Grid

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Publisher : Springer
ISBN 13 : 3319526170
Total Pages : 231 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Distributed Linear Programming Models in a Smart Grid by : Prakash Ranganathan

Download or read book Distributed Linear Programming Models in a Smart Grid written by Prakash Ranganathan and published by Springer. This book was released on 2017-03-31 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book showcases the strengths of Linear Programming models for Cyber Physical Systems (CPS), such as the Smart Grids. Cyber-Physical Systems (CPS) consist of computational components interconnected by computer networks that monitor and control switched physical entities interconnected by physical infrastructures. A fundamental challenge in the design and analysis of CPS is the lack of understanding in formulating constraints for complex networks. We address this challenge by employing collection of Linear programming solvers that models the constraints of sub-systems and micro grids in a distributed fashion. The book can be treated as a useful resource to adaptively schedule resource transfers between nodes in a smart power grid. In addition, the feasibility conditions and constraints outlined in the book will enable in reaching optimal values that can help maintain the stability of both the computer network and the physical systems. It details the collection of optimization methods that are reliable for electric-utilities to use for resource scheduling, and optimizing their existing systems or sub-systems. The authors answer to key questions on ways to optimally allocate resources during outages, and contingency cases (e.g., line failures, and/or circuit breaker failures), how to design de-centralized methods for carrying out tasks using decomposition models; and how to quantify un-certainty and make decisions in the event of grid failures.

Smart Grid Economics and Management

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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.

Advanced Technologies for Planning and Operation of Prosumer Energy Systems, volume III

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Publisher : Frontiers Media SA
ISBN 13 : 2832552463
Total Pages : 385 pages
Book Rating : 4.8/5 (325 download)

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Book Synopsis Advanced Technologies for Planning and Operation of Prosumer Energy Systems, volume III by : Bin Zhou

Download or read book Advanced Technologies for Planning and Operation of Prosumer Energy Systems, volume III written by Bin Zhou and published by Frontiers Media SA. This book was released on 2024-07-30 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prosumers, such as energy storage, smart home, and microgrids, are the consumers who also produce and share surplus energy with other users. With capabilities of flexibly managing the generation, storage and consumption of energy in a simultaneous manner, prosumers can help improve the operation efficiency of smart grid. Due to the rapid expansion of prosumer clusters, the planning and operation issues of prosumer energy systems have been increasingly raised. Aspects including energy infrastructure design, energy management, system stability, etc., are urgently required to be addressed while taking full advantage of prosumers' capabilities. However, up to date, the research on prosumers has not drawn sufficient attention. This proposal presents the need to introduce a Research Topic on prosumer energy systems in Frontiers in Energy Research. We believe this Research Topic can promote the research on advanced planning and operation technologies of prosumer energy systems and contribute to the carbon neutrality for a sustainable society.

Data-Driven Situational Awareness and Decision Making for Smart Grid Operation

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Publisher : Frontiers Media SA
ISBN 13 : 2832534716
Total Pages : 226 pages
Book Rating : 4.8/5 (325 download)

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Book Synopsis Data-Driven Situational Awareness and Decision Making for Smart Grid Operation by : Lipeng Zhu

Download or read book Data-Driven Situational Awareness and Decision Making for Smart Grid Operation written by Lipeng Zhu and published by Frontiers Media SA. This book was released on 2023-10-05 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Data-Intensive Computing in Smart Microgrids

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Publisher : MDPI
ISBN 13 : 3036516271
Total Pages : 238 pages
Book Rating : 4.0/5 (365 download)

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Book Synopsis Data-Intensive Computing in Smart Microgrids by : Herodotos Herodotou

Download or read book Data-Intensive Computing in Smart Microgrids written by Herodotos Herodotou and published by MDPI. This book was released on 2021-09-06 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microgrids have recently emerged as the building block of a smart grid, combining distributed renewable energy sources, energy storage devices, and load management in order to improve power system reliability, enhance sustainable development, and reduce carbon emissions. At the same time, rapid advancements in sensor and metering technologies, wireless and network communication, as well as cloud and fog computing are leading to the collection and accumulation of large amounts of data (e.g., device status data, energy generation data, consumption data). The application of big data analysis techniques (e.g., forecasting, classification, clustering) on such data can optimize the power generation and operation in real time by accurately predicting electricity demands, discovering electricity consumption patterns, and developing dynamic pricing mechanisms. An efficient and intelligent analysis of the data will enable smart microgrids to detect and recover from failures quickly, respond to electricity demand swiftly, supply more reliable and economical energy, and enable customers to have more control over their energy use. Overall, data-intensive analytics can provide effective and efficient decision support for all of the producers, operators, customers, and regulators in smart microgrids, in order to achieve holistic smart energy management, including energy generation, transmission, distribution, and demand-side management. This book contains an assortment of relevant novel research contributions that provide real-world applications of data-intensive analytics in smart grids and contribute to the dissemination of new ideas in this area.

Research Anthology on Smart Grid and Microgrid Development

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Author :
Publisher : Engineering Science Reference
ISBN 13 : 9781668436660
Total Pages : pages
Book Rating : 4.4/5 (366 download)

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Book Synopsis Research Anthology on Smart Grid and Microgrid Development by : Information Resources Management Association

Download or read book Research Anthology on Smart Grid and Microgrid Development written by Information Resources Management Association and published by Engineering Science Reference. This book was released on 2021-09-24 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This reference book covers the latest innovations and trends within smart grid and microgrid development, detailing benefits, challenges, and opportunities, that will help readers to fully understand the current opportunities that smart grids and microgrids present around the world"--