A new research performed by the researchers at the University of Southampton, has led to the development of a mechanism that incorporates computerized management facility to handle energy storage devises utilized at home thus enabling up to 16% energy savings.
The developed product incorporates a decentralized system, which employs agent-based systems to enable energy supplying companies to handle the power demands of their clients. The procedures enable the companies to cut down their investment on wholesale power purchases affording up to 16% energy savings for clients who utilize devices with 10 kWh average capacity.
The plan set by the researchers utilizes a real-time pricing method, which will be informed to the clients well in advance every day. Computerized agents will purchase, vend or store energy on behalf of the home power users in order to bring down the net power usage costs. Also adjusting of the pricing method intone with the conditions prevailing at the wholesale market will enable the suppliers to make certain that the consumer agents coverage is maintained at a unvarying and competent symmetry where carbon discharges and costs are kept at a minimum level.
The research work was performed as a division of the IDEAS project, which was industrially funded and was led by Professor Nick Jennings and Dr. Alex Rogers, at the University of Southampton. The research paper titled, ‘Decentralized Control of Micro-Storage in the Smart Grid,’ will be presented at the 25th Conference on Artificial Intelligence (AAAI-11) to be held on 11th August 2011 in San Francisco.