2020
DOI: 10.1007/s40866-019-0074-0
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Predicting Stability of a Decentralized Power Grid Linking Electricity Price Formulation to Grid Frequency Applying an Optimized Data-Matching Learning Network to Simulated Data

Abstract: The stability of decentralized electricity grids is influenced by real-time electricity prices and the cost sensitivity and reaction times of power producers and consumers. The decentral smart grid control (DSGC) system is designed to provide demand-side control of decentralized electricity grids by linking real-time electricity prices to changes in grid frequency over the time scale of a few seconds. This stimulates electricity demand-side consumption / production on similar time scales. Grid stability of DSG… Show more

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Cited by 8 publications
(3 citation statements)
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“…The cost sensitivity and reaction times of power producers and consumers also influence the stability factor. Wood [33] propose a model called decentral smart grid control (DSGC) to render the demand-side control of distributed power grids by associating the electricity price to variations in grid frequency upon the time gauge of a few seconds. The authors simulate the power demand-side consumption/production on analogous time gauges.…”
Section: Literature Surveymentioning
confidence: 99%
“…The cost sensitivity and reaction times of power producers and consumers also influence the stability factor. Wood [33] propose a model called decentral smart grid control (DSGC) to render the demand-side control of distributed power grids by associating the electricity price to variations in grid frequency upon the time gauge of a few seconds. The authors simulate the power demand-side consumption/production on analogous time gauges.…”
Section: Literature Surveymentioning
confidence: 99%
“…e cost of power also plays an important role in ensuring the stability of the distributed power systems. e authors in [24] have proposed a decentralized SG control model to ensure demand-side management in the grid by analyzing the electricity price versus grid frequency deviation. e authors have also implemented an optimized data matching ML technique and the transparent open box learning model to realize dynamic SG stability.…”
Section: Literature Surveymentioning
confidence: 99%
“…This study tests the hypothesis that ML algorithms combined with resampling techniques can provide highly accurate predictions for the stability of decentralized electricity grids. ML algorithms can detect trends and anomalies in datasets and thus help grid system operators to make real-time decisions for better distribution of available electricity [38]. Different approaches were used for the stability prediction of power grids, but effective results were not achieved [11,[31][32][33][34][35][36][37].…”
Section: Introductionmentioning
confidence: 99%