Name
Abstract | ||
|---|---|---|
Thanks to the recent advance on power engineering and wireless communications, the smart grid technology has emerged and users are now capable of deploying renewable energy generators and storage devices at their homes. On the other side, due to the rise of environmental consciousness, electric companies are eager to replace traditional generators with renewable energy. One of the most efficient ways is to provide an electricity buyback scheme for electric companies to encourage users to generate more renewable energy at their homes. Different from the previous works, we consider dynamic pricing with renewable energy buyback as our target scenario. We formulate the dynamic pricing problem as a convex optimization problem and propose a day-ahead time-dependent pricing scheme. The goal of our developed framework is to achieve the maximum benefits for both users and electric companies. To the best of our knowledge, this is one of the very first works to tackle the time-dependent problem with taking the environmental benefit of renewable energy into consideration for smart grid. The numerical results show that our framework can significantly reduce the peak time loading and efficiently balance the system energy provision. |
Year | DOI | Venue |
|---|---|---|
2014 | 10.1109/ICCW.2014.6881243 | ICC Workshops |
Keywords | Field | DocType |
carbon emission trading,smart grid,convex optimization problem,day-ahead pricing,renewable energy,renewable energy sources,convex programming,renewable energy buyback,dynamic pricing problem,optimal day-ahead pricing,smart power grids,peak time loading,system energy provision,dynamic pricing,convex optimization,pricing,power system economics,day-ahead time-dependent pricing scheme,carbon dioxide,electricity,energy storage,smart grids | Power engineering,Wireless,Renewable energy,Smart grid,Electricity,Dynamic pricing,Computer science,Computer network,Renewable energy credit,Intermittent energy source,Environmental economics | Conference |
ISSN | Citations | PageRank |
2164-7038 | 1 | 0.35 |
References | Authors | |
4 | 4 | |
Name | Order | Citations | PageRank |
|---|---|---|---|
| Te-Chuan Chiu | 1 | 71 | 6.55 |
| Che-Wei Pai | 2 | 4 | 0.78 |
| Yuan-Yao Shih | 3 | 109 | 9.67 |
| Ai-Chun Pang | 4 | 621 | 66.26 |