A New Pricing Scheme for Controlling Energy Storage Devices in Future Smart Grid
Joint Authors
Zhu, Jingwei
Du, Baozhu
Chen, Michael Z. Q.
Source
Journal of Applied Mathematics
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-09-02
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
Improvement of the overall efficiency of energy infrastructure is one of the main anticipated benefits of the deployment of smart grid technology.
Advancement in energy storage technology and two-way communication in the electric network are indispensable components to achieve such a vision, while efficient pricing schemes and appropriate storage management are also essential.
In this paper, we propose a universal pricing scheme which permits one to indirectly control the energy storage devices in the grid to achieve a more desirable aggregate demand profile that meets a particular target of the grid operator such as energy generation cost minimization and carbon emission reduction.
Such a pricing scheme can potentially be applied to control the behavior of energy storage devices installed for integration of intermittent renewable energy sources that have permission to grid connection and will have broader applications as an increasing number of novel and low-cost energy storage technologies emerge.
American Psychological Association (APA)
Zhu, Jingwei& Chen, Michael Z. Q.& Du, Baozhu. 2014. A New Pricing Scheme for Controlling Energy Storage Devices in Future Smart Grid. Journal of Applied Mathematics،Vol. 2014, no. 2014, pp.1-11.
https://search.emarefa.net/detail/BIM-1039660
Modern Language Association (MLA)
Zhu, Jingwei…[et al.]. A New Pricing Scheme for Controlling Energy Storage Devices in Future Smart Grid. Journal of Applied Mathematics No. 2014 (2014), pp.1-11.
https://search.emarefa.net/detail/BIM-1039660
American Medical Association (AMA)
Zhu, Jingwei& Chen, Michael Z. Q.& Du, Baozhu. A New Pricing Scheme for Controlling Energy Storage Devices in Future Smart Grid. Journal of Applied Mathematics. 2014. Vol. 2014, no. 2014, pp.1-11.
https://search.emarefa.net/detail/BIM-1039660
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1039660