Talks and Poster Presentations (with Proceedings-Entry):
J. Lässig, B. Satzger, O. Kramer:
"Self-Stabilization in Hierarchically Structured Energy Markets";
Talk: Eighth International Conference on Information Technology: New Generations ITNG 2011,
Las Vegas, Nevada, USA;
- 2011-04-13; in: "Proceedings of the Eighth International Conference on Information Technology: New Generations ITNG 2011",
S. Latifi (ed.);
IEEE Computer Society,
The paper investigates the self-stabilization of hierarchically structured markets. We propose a new approach that is motivated by the physical structure of the energy grid and generalizes classical market structures in a natural way. Hierarchical markets have several advantages compared to monolithic markets, i.e., improved reliability and scalability, locality of information, and proximity of energy production and consumption. By simulating scenarios based on real world consumption and production data including households, different renewable energy sources, and other plant types, we present a proof-of-concept of stability of the hierarchical markets in various simulations.
agents , demand response control , hierarchical markets , smart grid
"Official" electronic version of the publication (accessed through its Digital Object Identifier - DOI)
Created from the Publication Database of the Vienna University of Technology.