A survey on energy trading in smart grid

Research output: Chapter in Book/Report/Conference proceedingConference contribution

39 Citations (Scopus)

Abstract

As the distributed energy generation and storage technologies are becoming economically viable, energy trading is gradually becoming a profit making option for end-users. This trend is further supported by the regulators and the policy makers as it aids the efficiency of power grid operations, reduces power generation cost and the Green House Gas (GHG) emissions. To that end, in this paper we provide an overview of distributed energy trading concepts in smart grid. First, we identify the motivation and the desired outcomes of energy trading framework. Then we present the enabling technologies that are required to generate, store, and communicate with the trading agencies. Finally, we survey on the existing literature and present an array of mathematical frameworks employed.

Original languageEnglish
Title of host publication2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages258-262
Number of pages5
ISBN (Electronic)9781479970889
DOIs
Publication statusPublished - 5 Feb 2014
Externally publishedYes
Event2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014 - Atlanta, United States
Duration: 3 Dec 20145 Dec 2014

Other

Other2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014
CountryUnited States
CityAtlanta
Period3/12/145/12/14

Fingerprint

Gas emissions
Greenhouse gases
Power generation
Profitability
Costs

ASJC Scopus subject areas

  • Signal Processing
  • Information Systems

Cite this

Bayram, I., Shakir, M. Z., Abdallah, M., & Qaraqe, K. (2014). A survey on energy trading in smart grid. In 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014 (pp. 258-262). [7032118] Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/GlobalSIP.2014.7032118

A survey on energy trading in smart grid. / Bayram, Islam; Shakir, Muhammad Z.; Abdallah, Mohamed; Qaraqe, Khalid.

2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014. Institute of Electrical and Electronics Engineers Inc., 2014. p. 258-262 7032118.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Bayram, I, Shakir, MZ, Abdallah, M & Qaraqe, K 2014, A survey on energy trading in smart grid. in 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014., 7032118, Institute of Electrical and Electronics Engineers Inc., pp. 258-262, 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014, Atlanta, United States, 3/12/14. https://doi.org/10.1109/GlobalSIP.2014.7032118
Bayram I, Shakir MZ, Abdallah M, Qaraqe K. A survey on energy trading in smart grid. In 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014. Institute of Electrical and Electronics Engineers Inc. 2014. p. 258-262. 7032118 https://doi.org/10.1109/GlobalSIP.2014.7032118
Bayram, Islam ; Shakir, Muhammad Z. ; Abdallah, Mohamed ; Qaraqe, Khalid. / A survey on energy trading in smart grid. 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014. Institute of Electrical and Electronics Engineers Inc., 2014. pp. 258-262
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