|C2WT-TE: A Model-Based Open Platform for Integrated Simulations of Transactive Smart Grids|
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.
|Year of Publication||
2016 Workshop on Modeling and Simulation of Cyber-Physical Energy Systems
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