Chapters authored
Game Theory Application in Smart Energy Logistics and Economy
In many parts of the world, energy sectors are transformed from conventional to the smart deregulated market structures. In such smart deregulated market environment, cooperative game theory can play a vital role for analyzing various smart deregulated market problems. As an optimization tool, cooperative game theory is very useful in smart energy logistics and economy analysis problem. The economy associated with smart deregulated structure can be better optimized and allocated with the help of cooperative game theory. Initially, due to regulated structure, there is no cooperation between different entities of energy sector. But after new market structure, all the entities are free to take their own decisions as an independent entity. Transmission open access of energy logistics is also comes into the picture, as all the generators and demands have the same right to access the transmission system. In this market situation, multiple utilities are using the same energy logistic network. This situation can be formulated as a cooperative game in which generators and demands are represented by players. This chapter deals with energy logistic cost allocation problems for a smart deregulated energy market. It is cooperative in nature as all the agents are using the same energy logistic network.
Part of the book: Game Theory
Microgrid Integration
Hybrid energy systems are becoming attractive to supply electricity to rural areas in all aspects like reliability, sustainability, and environmental concerns, and advances in renewable energy technology; especially for communities living far in areas where grid extension is difficult so generation of renewable energy resources like solar and wind energy to provide reliable power supply with improved system efficiency and significant cost reduction is best way. Besides this, the demand for renewable energy source in large urban cities is increasing, and their integration to the existing conventional grid has become more fascinating challenges. So the future requires stable and reliable integration of renewable distributed generators to the grid, and the local loads are close to distributed generators. Most existing power plants have centralized control system and remote power generation site while most renewable power generations are distributed and connected to lower or medium voltage networks near the customer. When the power demand increases, power failure and energy shortage also increase so the renewable energy can be used to provide constant and sustainable power. The chapter will provide a complete overview of microgrid system with its complete operation and control.
Part of the book: Special Topics in Renewable Energy Systems