A closed-loop energy price controlling method for real-time energy balancing in a smart grid energy market

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dc.authoridAlagoz, Serkan/0000-0003-2642-8462
dc.authoridAlagoz, Baris Baykant/0000-0001-5238-6433
dc.authoridKAYGUSUZ, ASİM/0000-0003-2905-1816
dc.authorwosidAlagoz, Serkan/ABI-2130-2020
dc.authorwosidAlagoz, Baris Baykant/ABG-8526-2020
dc.authorwosidKAYGUSUZ, ASİM/C-2265-2015
dc.contributor.authorAlagoz, B. Baykant
dc.contributor.authorKaygusuz, Asim
dc.contributor.authorAkcin, Murat
dc.contributor.authorAlagoz, Serkan
dc.date.accessioned2024-08-04T20:37:48Z
dc.date.available2024-08-04T20:37:48Z
dc.date.issued2013
dc.departmentİnönü Üniversitesien_US
dc.description.abstractFuture smart grids will require a flexible, observable, and controllable network for reliable and efficient energy delivery under uncertain generation and demand conditions. One of the mechanisms for efficient and reliable energy generation is dynamic demand-responsive generation management based on energy price adjustments that creates a balance in energy markets. This study presents a closed-loop PID (proportional-integral-derivative) controller-based price control method for autonomous and real-time balancing of energy demand and generation in smart grid electricity markets. The PID control system can regulate energy prices online to respond dynamically and instantaneously to the varying energy demands of grid consumers. Independent energy suppliers in the smart grid decide whether to sell their energy to the grid according to the energy prices declared by the closed-loop PID controller system. Energy market simulations demonstrate that PID-controlled energy price regulation can effectively maintain an energy balance for hourly demand fluctuations of consumers. (C) 2013 Elsevier Ltd. All rights reserved.en_US
dc.identifier.doi10.1016/j.energy.2013.06.074
dc.identifier.endpage104en_US
dc.identifier.issn0360-5442
dc.identifier.issn1873-6785
dc.identifier.scopus2-s2.0-84883303551en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage95en_US
dc.identifier.urihttps://doi.org/10.1016/j.energy.2013.06.074
dc.identifier.urihttps://hdl.handle.net/11616/96190
dc.identifier.volume59en_US
dc.identifier.wosWOS:000324787600010en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherPergamon-Elsevier Science Ltden_US
dc.relation.ispartofEnergyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectDemand responsive generationen_US
dc.subjectClosed-loop PID-based price controlen_US
dc.subjectEnergy balanceen_US
dc.subjectSmart grid energy market managementen_US
dc.titleA closed-loop energy price controlling method for real-time energy balancing in a smart grid energy marketen_US
dc.typeArticleen_US

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