7/23/2019 Lesson 3 5 Smart Grid Electricity Market

1/9

Dr. Anurag K. Srivastava, Dr. Carl Hauser, and Dr. Dave Bakken,

Smart Grid Electricity Market and Application

Requirements

Cyber Infrastructure for the Smart Grid

7/23/2019 Lesson 3 5 Smart Grid Electricity Market

2/9

Compute and Control: Market operation

What is Restructuring for Market Operation Unbundling electric utilities from vertically-integrated

monopolies into separate generation, transmissionand

distributionentities.

Let market forces drive the priceof electric supply.

Reduce the net costthrough increased competition.

Goal Reduce energy chargesthrough a competitive market.

More customer choiceby creating an open access

environment that will allow consumers to choose a provider

for electric energy.

Level of service reliabilitycan be priced for customers.

More business opportunitiesfor selling new products and

services.

7/23/2019 Lesson 3 5 Smart Grid Electricity Market

3/9

Compute and Control:Electricity Market in USA

U.S. electric industry

7/23/2019 Lesson 3 5 Smart Grid Electricity Market

4/9

7/23/2019 Lesson 3 5 Smart Grid Electricity Market

5/9

Compute and Control: Market operation

7/23/2019 Lesson 3 5 Smart Grid Electricity Market

6/9

Compute and Control: Market operation

7/23/2019 Lesson 3 5 Smart Grid Electricity Market

7/9

Compute and Control: Market operation

7/23/2019 Lesson 3 5 Smart Grid Electricity Market

8/9

Compute and Control: Application Requirements

7/23/2019 Lesson 3 5 Smart Grid Electricity Market

9/9

Compute and Control:Other Applications and Geographical Scale