Smart meters are an indispensable element of new generation smart grids. This study presents the hardware design a novel single-phase electricity meter, which can provide energy efficiency, adaptive pricing and automated data collection functions. Besides, extensive information is given about Bluetooth, Wi-Fi NB-IoT technologies that used to transfer electrical parameters (current, voltage, act...

This thesis investigates the application of marginal cost based spot pricing techniques to the short run coordination of decentralised, and potentially competitive, electricity markets. A Dispatch Based Pricing philosophy is proposed which requires that the dispatcher of a power system determine spot prices which are consistent with both the observed power system dispatch and the offers and bid...

We introduce a new approach for pricing energy derivatives known as tolling agreement contracts. The pricing problem is reduced to a linear program. We prove that the optimal operating strategy for a power plant can be expressed through optimal exercise boundaries (similar to the exercise boundaries for American options). We find the boundaries as a byproduct of the pricing algorithm. The sugge...

Pricing options on electrical power is important because of the worldwide trend toward deregulated electricity markets. It is fascinating because of the exotic nature of most power derivatives and because of the many unique features of electricity markets. One of these unique features is that electrical power cannot, in appreciable quantities, be stored. While this plays havoc with arbitrage-fr...

In this paper, we deal with the pricing of power options when the dynamics of the risky underling asset follows the double stochastic volatility with double jump model. We prove efficiency of our considered model by fast Fourier transform method, Monte Carlo simulation and numerical results using power call options i.e. Monte Carlo simulation and numerical results show that the fast Fourier tra...

The efficient allocation of power is a major concern in today’s wireless communications systems. Due to the high demand in data rate and the scarcity of wireless resources such as power, the multi-user communication systems like the multiple access channel (MAC) and broadcast channel (BC) have become highly competitive environments for the users as well as the system itself. Theory of microecon...

electric arc furnace (eaf) is one of the largest loads in electric power systems. it is highly time varying and nonlinear. its reactive power variations cause voltage fluctuations in nearby system which is known as flicker. on the other hand the nonlinear voltage-current characteristic causes strong voltage and current harmonics in eaf. to this end flexible ac transmission systems (facts) techn...