Abstract
The power grid is one of the most critical technological achievements of human kind. It delivers energy to the end users and creates a fertile foundation for new services to blossom. In recent years, the grid has undergone tremendous evolution toward the “smart grid.” One of the most important characteristics of the smart grid is the active nature of the consumers. This characteristic parallels the active nature of citizens in a Smart City environment. This chapter presents the smart grid architecture and customer-centric applications that disrupt the existing paradigms of business models and electric services in a Smart City environment.
Keywords
Smart grids Microgrids Internet of things Transactive energy Smart meters Virtual power plans Demand response Optimization and control Power grid networksReferences
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