Stochastic adaptive-service level agreement-based energy management model for smart grid and prosumers

ABSTRACT: The growing issue of demand-supply management between the prosumers and the local energy market requires an efficient and reliable energy management model. The microlayers, such as prosumers, energy districts, and macro players, namely retail dealers and wholesale dealers play a pivotal role in achieving mutual benefits. The stochastic nature of renewable energy generation in energy districts requires an effective model that can contemplate all stochastic complexities. Therefore, this paper proposes a mutual trade model between energy districts and smart grid to authorize the prosumers for mutual energy transactions under the stochastic adaptive-service level agreement. Moreover, multiple smart contacts are developed between the stakeholders to design adaptability and stochastic behavior o

SUBMITTER: Ahmed W 

PROVIDER: S-EPMC9747051 | biostudies-literature | 2022 Jan

REPOSITORIES: biostudies-literature