A Comprehensive Review of Recent Advances in Smart Grids: A Sustainable Future with Renewable Energy Resources

Ibrahim Alotaibi, Mohammed A. Abido, Muhammad Khalid and Andrey V. Savkin
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Ibrahim Alotaibi: Electrical Engineering Department, King Fahd University of Petroleum & Minerals (KFUPM), Dhahran 31261, Saudi Arabia
Mohammed A. Abido: Electrical Engineering Department, King Fahd University of Petroleum & Minerals (KFUPM), Dhahran 31261, Saudi Arabia
Muhammad Khalid: Electrical Engineering Department, King Fahd University of Petroleum & Minerals (KFUPM), Dhahran 31261, Saudi Arabia
Andrey V. Savkin: School of Electrical Engineering and Telecommunications, University of New South Wales (UNSW), Sydney, NSW 2052, Australia

Energies, 2020, vol. 13, issue 23, 1-41

Abstract: The smart grid is an unprecedented opportunity to shift the current energy industry into a new era of a modernized network where the power generation, transmission, and distribution are intelligently, responsively, and cooperatively managed through a bi-directional automation system. Although the domains of smart grid applications and technologies vary in functions and forms, they generally share common potentials such as intelligent energy curtailment, efficient integration of Demand Response, Distributed Renewable Generation, and Energy Storage. This paper presents a comprehensive review categorically on the recent advances and previous research developments of the smart grid paradigm over the last two decades. The main intent of the study is to provide an application-focused survey where every category and sub-category herein are thoroughly and independently investigated. The preamble of the paper highlights the concept and the structure of the smart grids. The work presented intensively and extensively reviews the recent advances on the energy data management in smart grids, pricing modalities in a modernized power grid, and the predominant components of the smart grid. The paper thoroughly enumerates the recent advances in the area of network reliability. On the other hand, the reliance on smart cities on advanced communication infrastructure promotes more concerns regarding data integrity. Therefore, the paper dedicates a sub-section to highlight the challenges and the state-of-the-art of cybersecurity. Furthermore, highlighting the emerging developments in the pricing mechanisms concludes the review.

Keywords: demand response in microgrids; energy data management and cybersecurity; energy pricing and bidding framework; intelligent multi-agent system; optimal management of energy mix; optimization techniques for smart grids; price forecasting; reliability assessment; topological indices of smart grids (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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