Classification of Economic Approaches for Smart Grid

Abstract

Abstract—Several European countries are increasingly focusing on renewable energy in order to satisfy their demand. A core problem of these sources is their reliability, which means less continuously available energy is accessible. Smart grids are trying to cope with this problem by adding intelligence to the net, which tries to adjust the load according to the current produced amount of electrical energy. Many approaches try to tackle down this problem by technical means. This paper analyses existing economical approaches for smart grid environments and highlights the unique features and important properties of a broad selection of papers. Classification criteria are derived from existing literature. Afterwards, the most prominent papers are used to demonstrate how the classification scheme can be applied.