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This paper presents the implementation of distributed energy resource management in smart grid operation. The approach utilizes the advantages of using multi agent systems for profitable operation of a smart grid in the energy market. The trading strategy adopted for the continuous double auction is a profit-maximizing adaptive bidding strategy based on risk and competitive equilibrium price prediction...
Wind power is a clean renewable energy source. Most countries are placing considerable faith in wind energy as an important and effective power technology for sustainable energy supply, thus providing particularly strong support to promote its development. China has abundant wind resources with a total theoretical wind power potential of 2, 200 GW. Developing wind power is of great importance to alleviate...
Since the hourly spot market price is available one day ahead in Denmark, the price could be transferred to the consumers and they may shift their loads from high price periods to the low price periods in order to save their energy costs. The optimal load response to a real-time electricity price for demand side management generates different load profiles and may have some impacts on power system...
Microgrids are Low Voltage distribution networks comprising various distributed generators (DG), storage devices and controllable loads that can operate either interconnected or isolated from the main distribution grid as one controlled entity. The effect of the use of a Microgrid Central Controller (MGCC) to achieve this co-ordinate operation with regards to the potential economic benefits and the...
The paper investigates the case of a microgrid participating in a pool-type market to enable purchasing part of its energy demand from the grid. The market exposure subjects the ??grid to various risks including price, demand volume, non-dispatchable distributed generation output and system reliability which require extensive risk based decision making processes for optimal operational strategies...
The results of investigations to identify and quantify the effects of large scale wind generation on the operation of the New Zealand power system and electricity market are presented. The effects of variability of wind generation output and technological capability of wind generation turbines are considered. The variability of wind generation output, wind generation forecasts and management of large...
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