publication . Other literature type . Article . 2014

A New Pricing Scheme for Controlling Energy Storage Devices in Future Smart Grid

Zhu, Jingwei; Chen, Michael Z. Q.; Du, Baozhu;
Open Access English
  • Published: 01 Jan 2014 Journal: Journal of Applied Mathematics (issn: 1110-757X, eissn: 1687-0042, Copyright policy)
  • Publisher: Hindawi Limited
Abstract
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 carbo...
Subjects
free text keywords: Mathematics, Article Subject, QA1-939
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publication . Other literature type . Article . 2014

A New Pricing Scheme for Controlling Energy Storage Devices in Future Smart Grid

Zhu, Jingwei; Chen, Michael Z. Q.; Du, Baozhu;