Clustered Prosumer Penalty Framework on Smart Grid

  • Sreenithya Sumesh
  • Vidyasagar Potdar
  • Aneesh Krishna
Conference paper
Part of the Lecture Notes in Electrical Engineering book series (LNEE, volume 435)

Abstract

The smart grid regulators and retailers generally have a legally binding contract on purchasing energy from prosumers (energy producers). A hefty portion of them incorporate incentives strategies for energy effectiveness in their legal contract. In the event that the prosumers that supply energy meet or go past its objective, they will get a financial motivation, regularly an extent of the investment funds in energy rate that customers get. On the off chance that it misses the mark regarding the objective, it might be liable to a punishment. Thus, smart grid regulators reward well-performed prosumers or prosumer community groups using money earned from penalized poorly performed prosumers or prosumer community groups. Dissemination of punishments (penalties) assumes an essential part in prosumers. This can prompt fortifying existing non-dynamic energy sharing prosumers to end up dynamic prosumers. This paper proposes a performance-based penalty function technique that decidedly influences the way of the prosumers’ state of mind, along these lines bringing about a predictable energy sharing conduct.

Keywords

Smart grid Prosumer Incentive Penalty Regulator 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  • Sreenithya Sumesh
    • 1
  • Vidyasagar Potdar
    • 2
  • Aneesh Krishna
    • 1
  1. 1.Department of ComputingCurtin UniversityBentleyAustralia
  2. 2.School of Information SystemsCurtin UniversityBentleyAustralia

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