Distributed Demand-Side Optimization in the Smart Grid (2014)
Abstract / truncated to 115 words
The modern power grid is facing major challenges in the transition to a low-carbon energy sector. The growing energy demand and environmental concerns require carefully revisiting how electricity is generated, transmitted, and consumed, with an eye to the integration of renewable energy sources. The envisioned smart grid is expected to address such issues by introducing advanced information, control, and communication technologies into the energy infrastructure. In this context, demand-side management (DSM) makes the end users responsible for improving the efficiency, reliability and sustainability of the power system: this opens up unprecedented possibilities for optimizing the energy usage and cost at different levels of the network. The design of DSM techniques has been extensively discussed in ... toggle 7 keywordsgame theory – generalized nash equilibrium problem – variational inequality – proximal decomposition algorithm – smart grid – day-ahead/real-time – demand-side management
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