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Models of Strategic Bidding in Electricity Markets Under Network Constraints Read chapter Read first chapter

2012 | OriginalPaper | Chapter

Decentralized Intelligence in Energy Efficient Power Systems

Authors : Anke Weidlich, Harald Vogt, Wolfgang Krauss, Patrik Spiess, Marek Jawurek, Martin Johns, Stamatis Karnouskos

Published in: Handbook of Networks in Power Systems I

Publisher: Springer Berlin Heidelberg

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Abstract

Power systems are increasingly built from distributed generation units and smart consumers that are able to react to grid conditions. Managing this large number of decentralized electricity sources and flexible loads represent a very huge optimization problem. Both from the regulatory and the computational perspective, no one central coordinator can optimize this overall system. Decentralized control mechanisms can, however, distribute the optimization task through price signals or market-based mechanisms. This chapter presents the concepts that enable a decentralized control of demand and supply while enhancing overall efficiency of the electricity system. It highlights both technological and business challenges that result from the realization of these concepts, and presents the state-of-the-art in the respective domains.

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previous chapter An Approximate Dynamic Programming Algorithm for the Allocation of High-Voltage Transformer Spares in the Electric Grid
next chapter Realizing an Interoperable and Secure Smart Grid on a National Scale
Footnotes
1
In Europe, electricity sector liberalization was introduced through the Directive 96/02/EG of the European Union [1].
 
2
To give an example, in Germany day-ahead and intra-day trading volumes at the European Energy Exchange currently only account for roughly one quarter of the total national power consumption [10, 11].
 
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Metadata
Title
Decentralized Intelligence in Energy Efficient Power Systems
Authors
Anke Weidlich
Harald Vogt
Wolfgang Krauss
Patrik Spiess
Marek Jawurek
Martin Johns
Stamatis Karnouskos
Copyright Year
2012
Publisher
Springer Berlin Heidelberg
Book
Handbook of Networks in Power Systems I

Print ISBN: 978-3-642-23192-6

Electronic ISBN: 978-3-642-23193-3

Copyright Year: 2012

DOI
https://doi.org/10.1007/978-3-642-23193-3_18

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