C2WT-TE: A Model-Based Open Platform for Integrated Simulations of Transactive Smart Grids

TitleC2WT-TE: A Model-Based Open Platform for Integrated Simulations of Transactive Smart Grids
Publication TypeConference Paper
Year of Publication2016
AuthorsNeema, H., J. Sztipanovits, M. Burns, and E. Griffor
Refereed DesignationRefereed
Conference Name2016 Workshop on Modeling and Simulation of Cyber-Physical Energy Systems
Date Published04/2016
Conference LocationVienna, Austria

Evaluation of the smart grid in the presence of dynamic market-based pricing and complex networks of small and large producers, consumers, and distributers is a very difficult task. It not only involves multiple, interacting, heterogeneous cyber-physical domains, but also requires tight integration of power markets, dynamic pricing and transactions, and price-sensitive consumer behavior, where consumers can also be producers of power. These dynamics introduce a huge challenge of maintaining stability of the power grid. Moreover, evolving business models and regulatory environment, including human factors need to be a key part of the evaluation as they directly affect the demand-response in the grid. Furthermore, as sensors and computations are becoming more distributed on edge devices and as they often employ normal communication channels, cyber security of the critical power grid infrastructure has become ever more important to prevent cyber intrusions and attacks. Current research has largely focused on one or a few of these challenges and the simulation tools developed cater to these individual tasks, such as network simulators, power distribution simulators, or human organization and policy simulators. However, to attain a deeper understanding of the transactive grid behavior, analysis of grid stability, and to optimize resources both from consumers’ and generators’ perspective, a comprehensive platform is needed to facilitate end-to-end evaluation of all of these aspects. This paper describes an open platform that provides a coherent framework for integrated transactive energy simulations of smart grids and is readily customizable and extensible for various simulation tools.