Dynamic and efficient brokering of energy suppliers and consumers in a smart grid

Document Type

Conference Proceeding

Source of Publication

Proceedings of the 2nd International Conference on Intelligent Green Building and Smart Grid, IGBSG 2016

Publication Date

8-9-2016

Abstract

© 2016 IEEE. One of the fundamental tasks of a smart-grid is achieving an optimal balance between the supplied and consumed energy in the grid. The optimal balance avoids underutilisation as well as overloading of energy sources; minimises the cost of energy transportation and storage; and reduces the price of energy. In this paper we propose a stochastic model for associating energy-suppliers with consumers having matching characteristics in a probabilistic sense. The optimal number of users a particular supplier can serve is described in terms of the probability density functions of its energy production and the demand of consumers. We shall demonstrate both analytically and numerically that an optimal balance can be achieved when the supplied energy, the demand for energy, and the number of users associated with a particular supplier, all, have a normally distributed probability distribution function (pdf).

ISBN

9781467384735

Publisher

Institute of Electrical and Electronics Engineers Inc.

Last Page

5

Disciplines

Electrical and Computer Engineering

Keywords

optimal number of consumers, probabilistic model, probability distribution function, Smart grid, supply-demand model

Scopus ID

84986242750

Indexed in Scopus

yes

Open Access

no

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