Economics of Electricity


Book Description

Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.




Smart Energy Management for Smart Grids


Book Description

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.




Smart Grid Economics and Management


Book Description

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.




Smart and Sustainable Power Systems


Book Description

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.




Social Impacts of Smart Grids


Book Description

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.




Smart Energy Grid Engineering


Book Description

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




Smart Grid


Book Description

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




Smart Grid Security


Book Description

The Smart Grid has the potential to revolutionize electricity delivery systems, and the security of its infrastructure is a vital concern not only for cyber-security practitioners, engineers, policy makers, and utility executives, but also for the media and consumers. Smart Grid Security: An End-to-End View of Security in the New Electrical Grid explores the important techniques, challenges, and forces that will shape how we achieve a secure twenty-first century electric grid. Includes a Foreword by Michael Assante, President and CEO, National Board of Information Security Examiners Following an overview of the components of the Smart Grid, the book delves into the evolution of security standards and regulations and examines ways in which the Smart Grid might be regulated. The authors discuss the technical details about how metering technology is being implemented and the likely threats and vulnerabilities that utilities will face. They address the home area network (HAN) and examine distribution and transmission—the foundation for the delivery of electricity, along with distributed generation, micro-grids, and operations. The book explores future concepts—such as energy storage and the use of plug-in electric vehicles (PEVs)—in addition to the concomitant risk for fraud and manipulation with stored energy. Consumer-related issues are discussed as they pertain to emerging ways of receiving and generating energy. The book examines dysfunctions ranging from inadvertent outages to cyber-attack and presents recommendations on how to respond to these incidents. It concludes with speculation of future cyber-security challenges and discusses new ways that the grid can be defended, such as better key management and protection. Written in a style rigorous enough for the practitioner yet accessible to a broad audience, this comprehensive volume covers a topic that is becoming more critical to industry and consumers everywhere.




Smart Grid and Enabling Technologies


Book Description

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.




Demand Response Application in Smart Grids


Book Description

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.