Intelligent Electricity Broker

Jesper Nicolai Riis Grode, Poul Erik Væggemose, Tomas Kulik, Andrei Zavada

Research output: Contribution to conference without a publisher/journalPaperResearch

Abstract

The Intelligent Electricity Broker (IEB) is a new energy storage and energy broker facility that serves two purposes. Firstly, it allows for storing excessive energy in the Smart Grid [1, 2, 3] it is connected to. Secondly, it runs a broker-algorithm that ensures that energy is purchased and sold when feasible to the system owner. This paper describes how the IEB can be used by house owners, in building clusters, and/or by energy providers to take advantage of electricity stock market prices and weather forecasts to control energy surplus storage suffers as well as to lower electricity bills. The paper outlines the heuristic algorithm that supports the IEB and presents test results that support the discussion and implementation of the system.

Original languageEnglish
Publication date2012
Number of pages5
Publication statusPublished - 2012
EventInternational Conference on Engineering and Applied Science - Beijing, China
Duration: 24 Jul 201227 Jul 2012

Conference

ConferenceInternational Conference on Engineering and Applied Science
Country/TerritoryChina
CityBeijing
Period24/07/1227/07/12

Keywords

  • engineering science
  • Applied Science
  • Intelligent Electricity Meter
  • Smart Grid
  • Sustainable Energy

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