McSEG - Dynamic Management and Control of Smart Energy Grids

A new methodology for real-time management and control of smart grids is proposed. It exploits the full benefit of a multi-directional communication between all stakeholders in order to regularly provide efficient operations in case of emergency. The unique feature of the proposed methodology is that the techno-economic demands imposed by a policy and the environmental/social constrains are preserved at all times without the need for artificial, disclosed or hidden economic subsidies or other incentives. The Dynamic Management and Control of Smart Energy Grids (McSEG) approach takes into consideration the policy priorities and the parameters that could potentially affect the policy and formulate precise indicators that could be used to evaluate compliance in a transparent way. The grid-management decisions are taken dynamically based on the priorities set by the policy makers and the regulators. The method enables the interoperability between distributed energy service suppliers in the electricity grid with different technologies. In this way the competition could be realised in a transparent and fair manner.