Optimization and Security Challenges in Smart Power Grids

Optimization and Security Challenges in Smart Power Grids

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This book provides an overview of state-of-the-art research on a€œSystems and Optimization Aspects of Smart Grid Challenges.a€ The authors have compiled and integrated different aspects of applied systems optimization research to smart grids, and also describe some of its critical challenges and requirements.The promise of a smarter electricity grid could significantly change how consumers use and pay for their electrical power, and could fundamentally reshape the current Industry. Gaining increasing interest and acceptance, Smart Grid technologies combine power generation and delivery systems with advanced communication systems to help save energy, reduce energy costs and improve reliability. Taken together, these technologies support new approaches for load balancing and power distribution, allowing optimal runtime power routing and cost management. Such unprecedented capabilities, however, also present a set of new problems and challenges at the technical and regulatory levels that must be addressed by Industry and the Research Community.contingency analysis, considering stochasticities in the problem, such as generation costs and load profiles, and being able to solve larger instances of both unit commitment and economic dispatch problems. Theoretical and practical effortsanbsp;...

Title:Optimization and Security Challenges in Smart Power Grids
Author: Vijay Pappu, Marco Carvalho, Panos Pardalos
Publisher:Springer Science & Business Media - 2013-11-01

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