E3S Web of Conferences (Jan 2024)

Market Orient Wind Energy Regulation Model for Efficient Power Distribution in Power Grid Networks

  • Pillai Anu G.

DOI
https://doi.org/10.1051/e3sconf/202454003007
Journal volume & issue
Vol. 540
p. 03007

Abstract

Read online

The power regulation and distribution in smart cities has been well studied. There exists number of methods around the problem. Some of the method uses the voltage availability in the grids of power system and some of them use the cost of energy in the power grids. However, the methods suffer to achieve higher performance in power distribution and regulation. To handle this issue, an efficient Market Orient Wind Energy Regulation Model (MWERM) is presented in this article. The model monitors the production voltage in the power distribution system and market requirement at specific time. Based on that the method computes Market Requirement Factor (MRF) and Market Remuneration Factor (MReF) to compute the Market Energy Cost (MEC). The above factors are measured for various consumers and based on that the method identifies the energy distributor and perform regulation accordingly. The proposed method improves the performance of power distribution and regulation.

Keywords