A survey on energy trading in smart grid

I. Safak Bayram, Muhammad Z. Shakir, Mohamed Abdallah, Khalid Qarage

Research output: Chapter in Book/Report/Conference proceedingConference contribution

52 Citations (Scopus)

Abstract

As the distributed energy generation and storage technologies are becoming economically viable, energy trading is gradually becoming a profit making option for end-users. This trend is further supported by the regulators and the policy makers as it aids the efficiency of power grid operations, reduces power generation cost and the Green House Gas (GHG) emissions. To that end, in this paper we provide an overview of distributed energy trading concepts in smart grid. First, we identify the motivation and the desired outcomes of energy trading framework. Then we present the enabling technologies that are required to generate, store, and communicate with the trading agencies. Finally, we survey on the existing literature and present an array of mathematical frameworks employed.
Original languageEnglish
Title of host publication2014 IEEE Global Conference on Signal and Information Processing
Subtitle of host publication(GlobalSIP)
PublisherIEEE
ISBN (Electronic)978147990889
DOIs
Publication statusPublished - 1 Dec 2014
Externally publishedYes

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Keywords

  • smart grids
  • games
  • energy storage
  • conferences
  • electricity
  • energy exchange

Cite this

Bayram, I. S., Shakir, M. Z., Abdallah, M., & Qarage, K. (2014). A survey on energy trading in smart grid. In 2014 IEEE Global Conference on Signal and Information Processing: (GlobalSIP) IEEE. https://doi.org/10.1109/GlobalSIP.2014.7032118