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Smart Grid Economics
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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.
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.
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.
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 2019-10-22 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.
Download or read book Smart Grid written by Fereidoon Sioshansi and published by Academic Press. This book was released on 2011-10-06 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. 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. - 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
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.
Book Synopsis Pathways to a Smarter Power System by : Ozan Erdinc
Download or read book Pathways to a Smarter Power System written by Ozan Erdinc and published by Academic Press. This book was released on 2019-04-23 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pathways to a Smarter Power System studies different concepts within smart grids that are used in both industry and system regulators (e.g. distribution and transmission system operators) and research. This book covers these concepts from multiple perspectives and in multiple contexts, presenting detailed technical information on renewable energy systems, distributed generation and energy storage units, methods to activate the demand side of power systems, market structure needs, and advanced planning concepts and new operational requirements, specifically for power system protection, technological evolvements, and requirements regarding technology in ICT, power electronics and control areas. This book provides energy researchers and engineers with an indispensable guide on how to apply wider perspectives to the different technological and conceptual requirements of a smarter power system. - Includes concepts regarding conceptual and technological needs and investment planning suggestions for smart grid enabling strategies - Contains new electric power system operational concepts required by industry, along with R&D studies addressing new solutions to potential operational problems - Covers pathways to smarter power systems from successful existing examples to expected short, medium and long-term possibilities
Book Synopsis Smart Grid and Enabling Technologies by : Shady S. Refaat
Download or read book Smart Grid and Enabling Technologies written by Shady S. Refaat and published by John Wiley & Sons. This book was released on 2021-08-16 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: SMART GRID AND ENABLING TECHNOLOGIES Discover foundational topics in smart grid technology as well as an exploration of the current and future state of the industry As the relationship between fossil fuel use and climate change becomes ever clearer, the search is on for reliable, renewable and less harmful sources of energy. Sometimes called the “electronet” or the “energy Internet,” smart grids promise to integrate renewable energy, information, and communication technologies with the existing electrical grid and deliver electricity more efficiently and reliably. Smart Grid and Enabling Technologies delivers a complete vision of smart grid technology and applications, including foundational and fundamental technologies, the technology that enables smart grids, the current state of the industry, and future trends in smart energy. The book offers readers thorough discussions of modern smart grid technology, including advanced metering infrastructure, net zero energy buildings, and communication, data management, and networks in smart grids. The accomplished authors also discuss critical challenges and barriers facing the smart grid industry as well as trends likely to be of importance in its future development. Readers will also benefit from the inclusion of: A thorough introduction to smart grid architecture, including traditional grids, the fundamentals of electric power, definitions and classifications of smart grids, and the components of smart grid technology An exploration of the opportunities and challenges posed by renewable energy integration Practical discussions of power electronics in the smart grid, including power electronics converters for distributed generation, flexible alternating current transmission systems, and high voltage direct current transmission systems An analysis of distributed generation Perfect for scientists, researchers, engineers, graduate students, and senior undergraduate students studying and working with electrical power systems and communication systems. Smart Grid and Enabling Technologies will also earn a place in the libraries of economists, government planners and regulators, policy makers, and energy stakeholders working in the smart grid field.
Book Synopsis Smart Energy Grid Engineering by : Hossam Gabbar
Download or read book Smart Energy Grid Engineering written by Hossam Gabbar and published by Academic Press. This book was released on 2016-10-12 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: Smart Energy Grid Engineering provides in-depth detail on the various important engineering challenges of smart energy grid design and operation by focusing on advanced methods and practices for designing different components and their integration within the grid. Governments around the world are investing heavily in smart energy grids to ensure optimum energy use and supply, enable better planning for outage responses and recovery, and facilitate the integration of heterogeneous technologies such as renewable energy systems, electrical vehicle networks, and smart homes around the grid. By looking at case studies and best practices that illustrate how to implement smart energy grid infrastructures and analyze the technical details involved in tackling emerging challenges, this valuable reference considers the important engineering aspects of design and implementation, energy generation, utilization and energy conservation, intelligent control and monitoring data analysis security, and asset integrity. - Includes detailed support to integrate systems for smart grid infrastructures - Features global case studies outlining design components and their integration within the grid - Provides examples and best practices from industry that will assist in the migration to smart grids
Book Synopsis The Economics of Electricity Markets by : Darryl R. Biggar
Download or read book The Economics of Electricity Markets written by Darryl R. Biggar and published by John Wiley & Sons. This book was released on 2014-07-10 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes
Book Synopsis Advances in Smart Grid and Renewable Energy by : Sabyasachi SenGupta
Download or read book Advances in Smart Grid and Renewable Energy written by Sabyasachi SenGupta and published by Springer. This book was released on 2017-10-25 with total page 707 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume comprises select proceedings of ETAEERE-2016. The volume offers state-of-the-art chapters on energy management systems (EMS), renewable energy resources, micro-generation, green communications architectures and frameworks, green computing and education as well as energy-aware process optimization. The contents covers a wide variety of topics and aspects including management of renewable energy systems and environmental challenges. The contents of this volume will be useful to researchers and practicing engineers working in the areas of smart grids and renewable energy generation, distribution, and management.
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:
Download or read book Smart Grid written by James A. Momoh and published by John Wiley & Sons. This book was released on 2012-03-07 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Smart Energy Management for Smart Grids by : Khmaies Ouahada
Download or read book Smart Energy Management for Smart Grids written by Khmaies Ouahada and published by MDPI. This book was released on 2020-03-16 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
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.
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.
Book Synopsis The Adoption of New Smart-Grid Technologies by : Christopher Guo
Download or read book The Adoption of New Smart-Grid Technologies written by Christopher Guo and published by Rand Corporation. This book was released on 2015-01-15 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: RAND Corporation researchers review the current technical, regulatory, and economic context of the electricity market and theoretical benefits of developing a smart grid; discuss some entrepreneurial opportunities associated with smart-grid data; examine empirical evidence related to smart-grid adoption and implementation; and offer policy suggestions for overcoming identified barriers.
