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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Jae-Hoon Kim Do-Hoon Kim |
| Copyright Year | 2010 |
| Description | Author affiliation: Division of Industrial & Information Systems Engineering, Ajou University, Suwon, Korea (Jae-Hoon Kim) || College of Business Admistration, Kyung Hee University, Seoul, Korea (Do-Hoon Kim) |
| Abstract | Focusing on newly building smart grid power transaction system, we provide a novel market structure and operation processes. A recent development in the building smart grid system exhibits rapid growth of infrastructure with the potential to create extraordinary chance toward a huge value-added industry. Our objective is finding the effective market structure and operation processes on the power transaction. We suggest the market-based evaluation of the relative value of the power for each player in the power market, and develop a whole new power transaction framework. To prove the applicability of the proposed operation process and market structure, we design a mathematical evaluation method for electric power of each player. The developed mathematical evaluation shows the effectiveness and balance in the power transactions. Also, we illustrate a design of large-scale transaction test-bed system. By the designed test-bed, we can easily test the various transaction scenarios in smart grid |
| Starting Page | 1 |
| Ending Page | 4 |
| File Size | 622014 |
| Page Count | 4 |
| File Format | |
| ISBN | 9781424472956 |
| e-ISBN | 9781424472970 |
| DOI | 10.1109/ICCIE.2010.5668449 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2010-07-25 |
| Publisher Place | Japan |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Protocols Relative Power transaction Electricity Quality of service Power markets Global warming Smart grids Smart grid |
| Content Type | Text |
| Resource Type | Article |
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