A survey on energy trading in smart grid

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

doi:10.1109/GlobalSIP.2014.7032118

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 proceeding › Conference contribution › peer-review

90 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 language	English
Title of host publication	2014 IEEE Global Conference on Signal and Information Processing
Subtitle of host publication	(GlobalSIP)
Publisher	IEEE
ISBN (Electronic)	978147990889
DOIs	https://doi.org/10.1109/GlobalSIP.2014.7032118
Publication status	Published - 1 Dec 2014
Externally published	Yes

Keywords

smart grids
games
energy storage
conferences
electricity
energy exchange

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/GlobalSIP.2014.7032118

90 Citations
1 Article

Resource efficient vehicle-to-grid (V2G) communication systems for electric vehicle enabled microgrids
Umoren, I. A., Shakir, M. Z. & Tabassum, H., 23 Sept 2020, (E-pub ahead of print) In: IEEE Transactions on Intelligent Transportation Systems. 22, 7, p. 4171-4180 10 p.
Research output: Contribution to journal › Article › peer-review

Open Access
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6 Citations (Scopus)

133 Downloads (Pure)

Cite this

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title = "A survey on energy trading in smart grid",

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.",

keywords = "smart grids, games, energy storage, conferences, electricity, energy exchange",

author = "Bayram, {I. Safak} and Shakir, {Muhammad Z.} and Mohamed Abdallah and Khalid Qarage",

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language = "English",

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AU - Abdallah, Mohamed

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N2 - 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.

AB - 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.

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KW - games

KW - energy storage

KW - conferences

KW - electricity

KW - energy exchange

U2 - 10.1109/GlobalSIP.2014.7032118

DO - 10.1109/GlobalSIP.2014.7032118

M3 - Conference contribution

BT - 2014 IEEE Global Conference on Signal and Information Processing

PB - IEEE

ER -

A survey on energy trading in smart grid

Abstract

Keywords

UN SDGs

Access to Document

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Research output

Resource efficient vehicle-to-grid (V2G) communication systems for electric vehicle enabled microgrids

Cite this