TY  - CHAP
U1  - Buchbeitrag
A1  - Weidlich, Anke
A1  - Vogt, Harald
A1  - Krauss, Wolfgang
A1  - Spiess, Patrik
A1  - Jawurek, Marek
A1  - Johns, Martin
A1  - Karnouskos, Stamatis
ED  - Sorokin, Alexey
ED  - Rebennack, Steffen
ED  - Pardalos, Panos M.
ED  - Iliadis, Niko A.
ED  - Pereira, Mario V. F.
T1  - Decentralized Intelligence in Energy Efficient Power Systems
T2  - Handbook of Networks in Power Systems
N2  - Power systems are increasingly built from distributed generation units and smart consumers that are able to react to grid conditions. Managing this large number of decentralized electricity sources and flexible loads represent a very huge optimization problem. Both from the regulatory and the computational perspective, no one central coordinator can optimize this overall system. Decentralized control mechanisms can, however, distribute the optimization task through price signals or market-based mechanisms. This chapter presents the concepts that enable a decentralized control of demand and supply while enhancing overall efficiency of the electricity system. It highlights both technological and business challenges that result from the realization of these concepts, and presents the state-of-the-art in the respective domains.
KW  - Electric power production
Y1  - 2012
SN  - 978-3-642-23192-6
SB  - 978-3-642-23192-6
U6  - https://doi.org/10.1007/978-3-642-23193-3
DO  - https://doi.org/10.1007/978-3-642-23193-3
SP  - 467
EP  - 486
PB  - Springer
CY  - Berlin, Heidelberg
ER  -