Assisted Energy Management in Smart Microgrids

06/06/2016
by   Andrea Monacchi, et al.
0

Demand response provides utilities with a mechanism to share with end users the stochasticity resulting from the use of renewable sources. Pricing is accordingly used to reflect energy availability, to allocate such a limited resource to those loads that value it most. However, the strictly competitive mechanism can result in service interruption in presence of competing demand. To solve this issue we investigate on the use of forward contracts, i.e., service level agreements priced to reflect the expectation of future supply and demand curves. Given the limited resources of microgrids, service interruption is an opposite objective to the one of service availability. We firstly design policy-based brokers and identify then a learning broker based on artificial neural networks. We show the latter being progressively minimizing the reimbursement costs and maximizing the overall profit.

READ FULL TEXT
research
08/06/2019

Towards Requirements for a Demand Side Response Energy Management System for Households

Demand response is considered to be one of the key means through which p...
research
07/07/2020

Learning to Price Vehicle Service with Unknown Demand

It can be profitable for vehicle service providers to set service prices...
research
05/02/2019

Static Pricing: Universal Guarantees for Reusable Resources

We consider a fundamental pricing model in which a fixed number of units...
research
03/10/2023

Sustainability Analysis Framework for On-Demand Public Transit Systems

There is an increased interest from transit agencies to replace fixed-ro...
research
09/28/2017

Mechanism Design for Demand Response Programs with financial and non-monetary (social) Incentives

Most demand management approaches with non-mandatory policies assume ful...
research
05/06/2016

Energy Disaggregation for Real-Time Building Flexibility Detection

Energy is a limited resource which has to be managed wisely, taking into...
research
02/08/2018

Smart energy management as a means towards improved energy efficiency

The costs associated with refrigerator equipment often represent more th...

Please sign up or login with your details

Forgot password? Click here to reset