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.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Rathnayaka, A.D., Potdar, V.M., Dillon, T.S., Kuruppu, S.: Formation of virtual community groups to manage prosumers in smart grids. Int. J. Grid Util. Comput. 6(1), 47–56 (2014)
Rathnayaka, A.J.D., Potdar, V.M., Dillon, T., Hussain, O., Kuruppu, S.: Analysis of energy behaviour profiles of prosumers. In: IEEE 10th International Conference on Industrial Informatics, pp. 236–241 (2012)
Rathnayaka, A.J.D., Potdar, V.M., Dillon, T.S., Hussain, O.K., Chang, E.: A methodology to find influential prosumers in prosumer community groups. IEEE Trans. Ind. Inform. 10(1), 706–713 (2014)
Rathnayaka, A.J.D., Potdar, V.M., Kuruppu, S.J.: An innovative approach to manage prosumers in Smart Grid. In: 2011 World Congress on Sustainable Technologies (WCST), pp. 141–146 (2011)
Rathnayaka, A.J.D., Potdar, V.M., Dillon, T., Kuruppu, S.: Framework to manage multiple goals in community-based energy sharing network in smart grid. Int. J. Electr. Power Energy Syst. 73, 615–624 (2015)
Rathnayaka, A.J.D., Potdar, V.M., Dillon, T., Hussain, O., Kuruppu, S.: Goal-oriented prosumer community groups for the smart grid. IEEE Technol. Soc. Mag. 33(1), 41–48 (2014)
Rathnayaka, A.J.D., Potdar, V., Ou, M.H.: Prosumer management in socio-technical smart grid. In: Proceedings of the CUBE International Information Technology Conference, New York, USA, pp. 483–489 (2012)
Whited, M., Woolf, T. Napoleon, A.: Performance incentives for utilities. Western inter-state energy board www.synapse-energy.com (2015)
Jooshaki, M., Abbaspour, A., Fotuhi-Firuzabad, M., Moeini-Aghtaie, M., Ozdemir, A.: A new reward-penalty mechanism for distribution companies based on concept of competition. In: Innovative Smart Grid Technologies Conference Europe (ISGT-Europe), IEEE PES, pp. 1–5 (2014)
Mohammadnezhad-Shourkaei, H., Fotuhi-Firuzabad, M.: Impact of penalty-reward mechanism on the performance of electric distribution systems and regulator budget. Gener. Transm. Distrib. IET 4(7), 770–779 (2010)
Mohammadnezhad-Shourkaei, H., Fotuhi-Firuzabad, M.: Principal requirements of designing the reward-penalty schemes for reliability improvement in distribution systems. In: Presented at the Proceedings 21st International Conference Electricity Distribution (CIRED) (2011)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Sumesh, S., Potdar, V., Krishna, A. (2018). Clustered Prosumer Penalty Framework on Smart Grid. In: SenGupta, S., Zobaa, A., Sherpa, K., Bhoi, A. (eds) Advances in Smart Grid and Renewable Energy. Lecture Notes in Electrical Engineering, vol 435. Springer, Singapore. https://doi.org/10.1007/978-981-10-4286-7_1
Download citation
DOI: https://doi.org/10.1007/978-981-10-4286-7_1
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-4285-0
Online ISBN: 978-981-10-4286-7
eBook Packages: EnergyEnergy (R0)