@incollection{WeidlichVogtKraussetal.2012,
  author    = {Anke Weidlich and Harald Vogt and Wolfgang Krauss and Patrik Spiess and Marek Jawurek and Martin Johns and Stamatis Karnouskos},
  title     = {Decentralized Intelligence in Energy Efficient Power Systems},
  series = {Handbook of Networks in Power Systems},
  editor    = {Alexey Sorokin and Steffen Rebennack and Panos M. Pardalos and Niko A. Iliadis and Mario V. F. Pereira},
  publisher = {Springer},
  address   = {Berlin, Heidelberg},
  isbn      = {978-3-642-23192-6},
  doi       = {10.1007/978-3-642-23193-3},
  pages     = {467 -- 486},
  year      = {2012},
  abstract  = {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.},
  language  = {en}
}