Demand-supply interacting system towards a dynamic electrical energy management - the smart grid

Abstract

[Abstract]: High peak demands are common occurrences in Australian electricity market increasing the volatility of electricity whole sale prices. Recently, reducing electricity demand has been one of the most common objectives for all electricity suppliers, environmental organizations and others at the national and international level. Peak demands make it difficult to meet the increased demand of electricity, to lower prices, to increase quality and to avoid negative impacts on the environment. A scheme that allows consumers to moderate own demand will reduce the electricity peak demands. This project describes and delineates the scheme of averting peak demands. The main premise up on which this study is designed is to enable electricity users to effectively manage and control own demand based on information, publicly available from the Australian Energy Market Operator (AEMO). Adequately managing and controlling energy demands shall lead to enhanced system performance. The scheme is contributing towards achieving a Smart Grid environment.