Deregulated Electricity Structures and Smart Grids
- 314 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Deregulated Electricity Structures and Smart Grids
About This Book
The goals of restructuring of the power sector are competition and operating efficiency in the power industry that result in reliable, economical, and quality power supply to consumers. This comprehensive reference text provides an in-depth insight into these topics.
Deregulated Electricity Structures and Smart Grids discusses issues including renewable energy integration, reliability assessment, stability analysis, reactive power compensation in smart grids, and harmonic mitigation, in the context of the deregulated smart electricity market. It covers important concepts including AC and DC grid modelling, harmonics mitigation and reactive power compensation in the deregulated smart grid, and extraction of energy from renewable energy sources under the deregulated electricity market with the smart grid.
The text will be useful for graduate students and professionals in the fields of electrical engineering, electronics and communication engineering, renewable energy, and clean technologies.
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Information
1 Optimal Decision Making under Uncertainty Using Heuristic Approach in Restructured Power System
Contents
- 1.1 Introduction
- 1.2 Background: Restructured Power System
- 1.2.1 Competitive Electricity Markets: An Overview
- 1.3 Technical and Policy Issues in the Electricity Markets
- 1.4 Strategic Bidding
- 1.5 Risk of Generators
- 1.6 Congestion Management
- 1.6.1 LMP
- 1.6.2 Zonal Price
- 1.6.3 Market Split
- 1.6.4 Counter Flow Re-dispatch
- 1.7 An Overview of the Few EM Models
- 1.7.1 Nord Pool Electricity Market
- 1.7.2 PJM Electricity Market
- 1.7.3 Indian Electricity Market
- 1.8 ABC Algorithm
- 1.9 Stochastic Programming Problem for Optimal Decision Making
- 1.9.1 BLOP
- 1.9.2 Uncertainty Modelling through Monte Carlo Method
- 1.10 Solution Algorithm
- 1.11 Case Study
- 1.12 Future Research Directions
- 1.13 Conclusion
- References
1.1 Introduction
1.2 Background: Restructured Power System
1.2.1 Competitive Electricity Markets: An Overview
- EM models Market models can be classified, based on the nature of transactions, as following.
- Pool market model In this model, the SO or market administrator electronically receives price quantity bids from power suppliers and buyers in the energy exchange. The SO clears the market using merit order dispatch and sends the information to the qualified participants.
- Bilateral market model In bilateral market model, suppliers and buyers enter into power purchase agreement directly. Settlement of energy price, quantity and duration depends on the discretion of supplier and buyer. The SO doesn’t interfere in between. Quantities traded and trade prices are at the discretion of these parties and not a matter of the SO.
- Pool + bilateral market model In this model, suppliers and buyers submit their bids into the day-ahead pool market as well as sign bilateral contract with each other for a certain period. Hence, this model provides more flexible options for transmission...
Table of contents
- Cover
- Half Title Page
- Title Page
- Copyright Page
- Table of Contents
- Preface
- Acknowledgements
- Editors
- Contributors
- Chapter 1 Optimal Decision Making under Uncertainty Using Heuristic Approach in Restructured Power System
- Chapter 2 Harmonic Mitigation Methods in Microgrids
- Chapter 3 Energy Management in Deregulated Power Market with Integration of Microgrid
- Chapter 4 Business Models for Different Future Electricity Market Players
- Chapter 5 Distributed Generation, Storage and Active Network Management
- Chapter 6 Internet of Things (IoT) in Renewable Energy Utilities towards Enhanced Energy Optimization
- Chapter 7 Congestion Management and Market Analysis in Deregulated Power System
- Chapter 8 Grid Synchronization of Photovoltaic System with Harmonics Mitigation Techniques for Power Quality Improvement
- Chapter 9 A Comprehensive Formal Reliability Study of Advanced Metering Infrastructure on Smart Grid
- Chapter 10 An Optimized Approach for Restructuring of Transmission System to Mitigate Renewable Energy Constraints
- Chapter 11 Performance of Multifunctional Grid-tied Photovoltaic Inverters with Active and Harmonic Power Weight (AHPW) Control Technique
- Chapter 12 Valuation of Dynamic VAR Support in Deregulated Power System
- Chapter 13 Smart Grid Cyber Security Threats and Solutions
- Chapter 14 Review of Congestion Management in Deregulated Power System
- Chapter 15 Restructuring of Power System Network to Mitigate Renewable Energy Evacuation Constraints: A Comprehensive Study
- Index