Internet of Things and the Economics of Microgrids
Abstract
Microgrids consist of two complementary parts: a low-voltage electricity network and a virtual network consisting of a complementary set of Information and Communication Technologies (ICT) components for two-way communications. The major goal of this chapter is to analyze the potentials of ICT technologies for the organization of future microgrids. In doing so, the role of standards for home networks, smart metering, and sensing networks, and the role of multiple virtual networks for cooperation or integration between different microgrids and pricing strategies within ICT networks are taken into account, ...
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