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Electrical Market Management Considering Power System Constraints in Smart Distribution Grids

Author

Listed:
  • Poria Astero

    (Department of Computer Science, State University of New York (SUNY) Korea, 119 Songdo, Moonhwa-ro, Yeonsu-Gu, Incheon 406-840, Korea
    Department of Computer Science, Stony Brook University, New York, NY 11794, USA)

  • Bong Jun Choi

    (Department of Computer Science, State University of New York (SUNY) Korea, 119 Songdo, Moonhwa-ro, Yeonsu-Gu, Incheon 406-840, Korea
    Department of Computer Science, Stony Brook University, New York, NY 11794, USA)

Abstract

Rising demand, climate change, growing fuel costs, outdated power system infrastructures, and new power generation technologies have made renewable distribution generators very attractive in recent years. Because of the increasing penetration level of renewable energy sources in addition to the growth of new electrical demand sectors, such as electrical vehicles, the power system may face serious problems and challenges in the near future. A revolutionary new power grid system, called smart grid, has been developed as a solution to these problems. The smart grid, equipped with modern communication and computation infrastructures, can coordinate different parts of the power system to enhance energy efficiency, reliability, and quality, while decreasing the energy cost. Since conventional distribution networks lack smart infrastructures, much research has been recently done in the distribution part of the smart grid, called smart distribution grid (SDG). This paper surveys contemporary literature in SDG from the perspective of the electricity market in addition to power system considerations. For this purpose, this paper reviews current demand side management methods, supply side management methods, and electrical vehicle charging and discharging techniques in SDG and also discusses their drawbacks. We also present future research directions to tackle new and existing challenges in the SDG.

Suggested Citation

  • Poria Astero & Bong Jun Choi, 2016. "Electrical Market Management Considering Power System Constraints in Smart Distribution Grids," Energies, MDPI, vol. 9(6), pages 1-30, May.
    • Handle: RePEc:gam:jeners:v:9:y:2016:i:6:p:405-:d:70791
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    Citations

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    Cited by:

    1. Asad Ahmed & Osman Hasan & Falah Awwad & Nabil Bastaki, 2020. "Formalization of Cost and Utility in Microeconomics," Energies, MDPI, vol. 13(3), pages 1-19, February.
    2. Poria Astero & Bong Jun Choi & Hao Liang & Lennart Söder, 2017. "Transactive Demand Side Management Programs in Smart Grids with High Penetration of EVs," Energies, MDPI, vol. 10(10), pages 1-18, October.
    3. Syed Ali Abbas Kazmi & Muhammad Khuram Shahzad & Akif Zia Khan & Dong Ryeol Shin, 2017. "Smart Distribution Networks: A Review of Modern Distribution Concepts from a Planning Perspective," Energies, MDPI, vol. 10(4), pages 1-47, April.
    4. Kai Ma & Yege Bai & Jie Yang & Yangqing Yu & Qiuxia Yang, 2017. "Demand-Side Energy Management Based on Nonconvex Optimization in Smart Grid," Energies, MDPI, vol. 10(10), pages 1-17, October.
    5. Nur Najihah Abu Bakar & Josep M. Guerrero & Juan C. Vasquez & Najmeh Bazmohammadi & Yun Yu & Abdullah Abusorrah & Yusuf A. Al-Turki, 2021. "A Review of the Conceptualization and Operational Management of Seaport Microgrids on the Shore and Seaside," Energies, MDPI, vol. 14(23), pages 1-31, November.
    6. Longjian Piao & Laurens de Vries & Mathijs de Weerdt & Neil Yorke-Smith, 2019. "Electricity Markets for DC Distribution Systems: Design Options," Energies, MDPI, vol. 12(14), pages 1-16, July.
    7. Bishnu P. Bhattarai & Kurt S. Myers & Birgitte Bak-Jensen & Sumit Paudyal, 2017. "Multi-Time Scale Control of Demand Flexibility in Smart Distribution Networks," Energies, MDPI, vol. 10(1), pages 1-18, January.

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