A survey on energy trading in smart grid

I. Safak Bayram; Muhammad Z. Shakir; Mohamed Abdallah; Khalid Qaraqe

doi:10.1109/GlobalSIP.2014.7032118

A survey on energy trading in smart grid

I. Safak Bayram
, Muhammad Z. Shakir
, Mohamed Abdallah
, Khalid Qaraqe

Texas A&M University at Qatar

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

116 Citations (Scopus)

Abstract

As the distributed energy generation and storage technologies are becoming economically viable, energy trading is gradually becoming a profit making option for end-users. This trend is further supported by the regulators and the policy makers as it aids the efficiency of power grid operations, reduces power generation cost and the Green House Gas (GHG) emissions. To that end, in this paper we provide an overview of distributed energy trading concepts in smart grid. First, we identify the motivation and the desired outcomes of energy trading framework. Then we present the enabling technologies that are required to generate, store, and communicate with the trading agencies. Finally, we survey on the existing literature and present an array of mathematical frameworks employed.

Original language	English
Title of host publication	2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	258-262
Number of pages	5
ISBN (Electronic)	9781479970889
DOIs	https://doi.org/10.1109/GlobalSIP.2014.7032118
Publication status	Published - 5 Feb 2014
Externally published	Yes
Event	2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014 - Atlanta, United States Duration: 3 Dec 2014 → 5 Dec 2014

Publication series

Name	2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014

Conference

Conference	2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014
Country/Territory	United States
City	Atlanta
Period	3/12/14 → 5/12/14

Access to Document

10.1109/GlobalSIP.2014.7032118

Cite this

Bayram, I. S., Shakir, M. Z., Abdallah, M., & Qaraqe, K. (2014). A survey on energy trading in smart grid. In 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014 (pp. 258-262). Article 7032118 (2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/GlobalSIP.2014.7032118

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title = "A survey on energy trading in smart grid",

abstract = "As the distributed energy generation and storage technologies are becoming economically viable, energy trading is gradually becoming a profit making option for end-users. This trend is further supported by the regulators and the policy makers as it aids the efficiency of power grid operations, reduces power generation cost and the Green House Gas (GHG) emissions. To that end, in this paper we provide an overview of distributed energy trading concepts in smart grid. First, we identify the motivation and the desired outcomes of energy trading framework. Then we present the enabling technologies that are required to generate, store, and communicate with the trading agencies. Finally, we survey on the existing literature and present an array of mathematical frameworks employed.",

author = "Bayram, \{I. Safak\} and Shakir, \{Muhammad Z.\} and Mohamed Abdallah and Khalid Qaraqe",

note = "Publisher Copyright: {\textcopyright} 2014 IEEE.; 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014 ; Conference date: 03-12-2014 Through 05-12-2014",

year = "2014",

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day = "5",

doi = "10.1109/GlobalSIP.2014.7032118",

language = "English",

series = "2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

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Bayram, IS, Shakir, MZ, Abdallah, M & Qaraqe, K 2014, A survey on energy trading in smart grid. in 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014., 7032118, 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014, Institute of Electrical and Electronics Engineers Inc., pp. 258-262, 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014, Atlanta, United States, 3/12/14. https://doi.org/10.1109/GlobalSIP.2014.7032118

A survey on energy trading in smart grid. / Bayram, I. Safak; Shakir, Muhammad Z.; Abdallah, Mohamed et al.
2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014. Institute of Electrical and Electronics Engineers Inc., 2014. p. 258-262 7032118 (2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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T1 - A survey on energy trading in smart grid

AU - Bayram, I. Safak

AU - Shakir, Muhammad Z.

AU - Abdallah, Mohamed

AU - Qaraqe, Khalid

PY - 2014/2/5

Y1 - 2014/2/5

N2 - As the distributed energy generation and storage technologies are becoming economically viable, energy trading is gradually becoming a profit making option for end-users. This trend is further supported by the regulators and the policy makers as it aids the efficiency of power grid operations, reduces power generation cost and the Green House Gas (GHG) emissions. To that end, in this paper we provide an overview of distributed energy trading concepts in smart grid. First, we identify the motivation and the desired outcomes of energy trading framework. Then we present the enabling technologies that are required to generate, store, and communicate with the trading agencies. Finally, we survey on the existing literature and present an array of mathematical frameworks employed.

AB - As the distributed energy generation and storage technologies are becoming economically viable, energy trading is gradually becoming a profit making option for end-users. This trend is further supported by the regulators and the policy makers as it aids the efficiency of power grid operations, reduces power generation cost and the Green House Gas (GHG) emissions. To that end, in this paper we provide an overview of distributed energy trading concepts in smart grid. First, we identify the motivation and the desired outcomes of energy trading framework. Then we present the enabling technologies that are required to generate, store, and communicate with the trading agencies. Finally, we survey on the existing literature and present an array of mathematical frameworks employed.

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M3 - Conference contribution

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BT - 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014

PB - Institute of Electrical and Electronics Engineers Inc.

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Bayram IS, Shakir MZ, Abdallah M , Qaraqe K. A survey on energy trading in smart grid. In 2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014. Institute of Electrical and Electronics Engineers Inc. 2014. p. 258-262. 7032118. (2014 IEEE Global Conference on Signal and Information Processing, GlobalSIP 2014). doi: 10.1109/GlobalSIP.2014.7032118

A survey on energy trading in smart grid

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