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Article
Dynamic and efficient brokering of energy suppliers and consumers in a smart grid
Proceedings of the 2nd International Conference on Intelligent Green Building and Smart Grid, IGBSG 2016
  • Waltenegus Dargie, Technische Universität Dresden
  • Omar Alfandi, Zayed University
  • Mohamad Badra, Zayed University
Document Type
Conference Proceeding
Publication Date
8-9-2016
Abstract

© 2016 IEEE. One of the fundamental tasks of a smart-grid is achieving an optimal balance between the supplied and consumed energy in the grid. The optimal balance avoids underutilisation as well as overloading of energy sources; minimises the cost of energy transportation and storage; and reduces the price of energy. In this paper we propose a stochastic model for associating energy-suppliers with consumers having matching characteristics in a probabilistic sense. The optimal number of users a particular supplier can serve is described in terms of the probability density functions of its energy production and the demand of consumers. We shall demonstrate both analytically and numerically that an optimal balance can be achieved when the supplied energy, the demand for energy, and the number of users associated with a particular supplier, all, have a normally distributed probability distribution function (pdf).

ISBN
9781467384735
Publisher
Institute of Electrical and Electronics Engineers Inc.
Keywords
  • optimal number of consumers,
  • probabilistic model,
  • probability distribution function,
  • Smart grid,
  • supply-demand model
Scopus ID
84986242750
Indexed in Scopus
Yes
Open Access
No
https://doi.org/10.1109/IGBSG.2016.7539448
Citation Information
Waltenegus Dargie, Omar Alfandi and Mohamad Badra. "Dynamic and efficient brokering of energy suppliers and consumers in a smart grid" Proceedings of the 2nd International Conference on Intelligent Green Building and Smart Grid, IGBSG 2016 (2016) - 5
Available at: http://works.bepress.com/omar-alfandi/64/