TY - JOUR
T1 - Power supply-demand balance in a Smart Grid
T2 - An information sharing model for a market mechanism
AU - Larsen, Gunn K. H.
AU - van Foreest, Nicky D.
AU - Scherpen, Jacquelien M. A.
PY - 2014/7/1
Y1 - 2014/7/1
N2 - In the future, global energy balance of a Smart Grid system can be achieved by its agents deciding on their own power demand and production (locally) and the exchange of these decisions. In this paper, we develop a network model that describes how the information of power imbalance of individual agents can be exchanged in the system. Compared to existing network models with hierarchical structures, our developed model, together with a market mechanism, achieve the power balance in the system in a completely distributed way. Additionally, dynamics, constraints and forecasts of each agent can be conveniently involved. (C) 2013 Elsevier Inc. All rights reserved.
AB - In the future, global energy balance of a Smart Grid system can be achieved by its agents deciding on their own power demand and production (locally) and the exchange of these decisions. In this paper, we develop a network model that describes how the information of power imbalance of individual agents can be exchanged in the system. Compared to existing network models with hierarchical structures, our developed model, together with a market mechanism, achieve the power balance in the system in a completely distributed way. Additionally, dynamics, constraints and forecasts of each agent can be conveniently involved. (C) 2013 Elsevier Inc. All rights reserved.
KW - Smart Grid solutions
KW - Distributed decision making
KW - Domestic Smart Grid management
KW - Supply and demand
KW - Domestic appliance optimization
KW - PREDICTIVE CONTROL
KW - DISTRIBUTED CONTROL
KW - STABILITY
U2 - 10.1016/j.apm.2013.11.042
DO - 10.1016/j.apm.2013.11.042
M3 - Article
SN - 0307-904X
VL - 38
SP - 3350
EP - 3360
JO - Applied Mathematical Modelling
JF - Applied Mathematical Modelling
IS - 13
ER -