Smart grids are a hot topic, with the US administration devoting billions of dollars to modernising the electricity infrastructure. Significant action is likely in metering, where the largest and most radical change may come in the European Union. The EU is strongly encouraging its 27 Member States to replace utility meters with ‘smart meters’ by 2022. This will be a massive project: the UK, fo...

the increasing consumption of electricity in iran is one of the greatest concerns of the government. using the subsidy-based pricing system is one of the main reasons of improper pattern of residential electricity consumption that has imposed great cost over the government due to the increased number of consumers and their improper way of consuming electricity. in this paper, we analyze the fac...

Demand side energy consumption scheduling is a well-known issue in the smart grid research area. However, there is lack of a comprehensive method to manage the demand side and consumer behavior in order to obtain an optimum solution. The method needs to address several aspects, including the scale-free requirement and distributed nature of the problem, consideration of renewable resources, allo...

The objective is to develop a system model to simulate distributed power generation in power parks, where power generation is co-located with businesses or industries. The deliverable of the project will be a tool for simulation of the local power generation system, constructed in the Simulink software. We have developed a library of modules for the various components being proposed for power p...

During the summer (2000), wholesale electricity prices in California were approximately 500% higher than those during the same months in 1998-1999. The price hike was unexpected by many policy makers and individuals who were involved in the electric utility industry. They have been long wondering whether the electricity deregulation policy (1996) produced benefits of competition promised to con...

The objective of this paper is to present experimental results for testing the performance of different auction mechanisms related to the introduction of competitive markets for the generation of electricity. The research is based on the concept of smart markets introduced by Vernon Smith and a simulation model (PowerWeb) of a realistic bulk power system. There are unique physical aspects assoc...

We empirically examine the asset pricing implications of the Beckerian framework of household production, where utility is derived from both market consumption and home produced goods. We propose residential electricity usage as a real-time proxy for the service flow from household capital, as electricity is used in most modern-day household production activities and it cannot be easily stored....

Electricity companies typically possess numerous units and they need to commit units because electricity cannot be stored in a large-scale system and demand is a random variable process fluctuating with the time of the day and the day of the week. A problem that must be frequently resolved by a electricity utility is to economically determine a schedule of what units will be used to meet the fo...

The future construction of utility-scale solar power plants in Australia will present challenges to integrate these plants into the existing electricity industry. This paper considers the likely solar forecasting requirements to facilitate the integration of photovoltaic and concentrating solar thermal plants into the Australian National Electricity Market (NEM). Many market participants may be...

Smart grids, or intelligent electricity grids that utilize modern IT/communication/control technologies, become a global trend nowadays. Forecasting of future grid load (electricity usage) is an important task to provide intelligence to the smart gird. Accurate forecasting will enable a utility provider to plan the resources and also to take control actions to balance the supply and the demand ...