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• W1485004347 abstract "AbstractPower systems are increasingly built from distributed generation units and smart consumers that are able to react to grid conditions. Managing this large number of decentralized electricity sources and flexible loads represent a very huge optimization problem. Both from the regulatory and the computational perspective, no one central coordinator can optimize this overall system. Decentralized control mechanisms can, however, distribute the optimization task through price signals or market-based mechanisms. This chapter presents the concepts that enable a decentralized control of demand and supply while enhancing overall efficiency of the electricity system. It highlights both technological and business challenges that result from the realization of these concepts, and presents the state-of-the-art in the respective domains.KeywordsDecentralized controldemand responsedistributed generationload shiftingsmart grid" @default.
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• W1485004347 date "2011-11-17" @default.
• W1485004347 modified "2023-09-23" @default.
• W1485004347 title "Decentralized Intelligence in Energy Efficient Power Systems" @default.
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• W1485004347 doi "https://doi.org/10.1007/978-3-642-23193-3_18" @default.
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