IDEAS home Printed from https://ideas.repec.org/a/spr/infosf/v19y2017i1d10.1007_s10796-015-9592-z.html
   My bibliography  Save this article

Supply chain intelligence for electricity markets: A smart grid perspective

Author

Listed:
  • Jelena Lukić

    (Public Enterprise Elektromreža Srbije)

  • Miloš Radenković

    (Union University)

  • Marijana Despotović-Zrakić

    (University of Belgrade)

  • Aleksandra Labus

    (University of Belgrade)

  • Zorica Bogdanović

    (University of Belgrade)

Abstract

Smart grid technologies are bringing innovations in electrical power industries, affecting all parts of the electricity supply chain, and leading to changes in market structure, business models and services. In this paper we introduce a model of business intelligence for a smart grid supply chain. The model is developed in order to provide electricity markets with the necessary data flows and information important for the decision making process. The proposed model offers a way to efficiently leverage the new metering architecture and the new capabilities of the grid to reap immediate business value from the huge amounts of disparate data in emerging smart grids. The model was evaluated for the Serbian electricity market in the electric power transmission company Public Enterprise “Elektromreža Srbije”. The results show that business intelligence solutions can contribute to a more effective management of smart grids, in order to ensure that companies achieve sustainability in the increasingly competitive electricity markets, while still providing the high quality services to end users.

Suggested Citation

  • Jelena Lukić & Miloš Radenković & Marijana Despotović-Zrakić & Aleksandra Labus & Zorica Bogdanović, 2017. "Supply chain intelligence for electricity markets: A smart grid perspective," Information Systems Frontiers, Springer, vol. 19(1), pages 91-107, February.
  • Handle: RePEc:spr:infosf:v:19:y:2017:i:1:d:10.1007_s10796-015-9592-z
    DOI: 10.1007/s10796-015-9592-z
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10796-015-9592-z
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s10796-015-9592-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Koliba, Christopher & DeMenno, Mercy & Brune, Nancy & Zia, Asim, 2014. "The salience and complexity of building, regulating, and governing the smart grid: Lessons from a statewide public–private partnership," Energy Policy, Elsevier, vol. 74(C), pages 243-252.
    2. Lund, Peter D., 2014. "How fast can businesses in the new energy sector grow? An analysis of critical factors," Renewable Energy, Elsevier, vol. 66(C), pages 33-40.
    3. Erdinc, Ozan & Paterakis, Nikolaos G. & Pappi, Iliana N. & Bakirtzis, Anastasios G. & Catalão, João P.S., 2015. "A new perspective for sizing of distributed generation and energy storage for smart households under demand response," Applied Energy, Elsevier, vol. 143(C), pages 26-37.
    4. Su, Wencong & Huang, Alex Q., 2014. "A game theoretic framework for a next-generation retail electricity market with high penetration of distributed residential electricity suppliers," Applied Energy, Elsevier, vol. 119(C), pages 341-350.
    5. Personal, Enrique & Guerrero, Juan Ignacio & Garcia, Antonio & Peña, Manuel & Leon, Carlos, 2014. "Key performance indicators: A useful tool to assess Smart Grid goals," Energy, Elsevier, vol. 76(C), pages 976-988.
    6. Bae, Mungyu & Kim, Hwantae & Kim, Eugene & Chung, Albert Yongjoon & Kim, Hwangnam & Roh, Jae Hyung, 2014. "Toward electricity retail competition: Survey and case study on technical infrastructure for advanced electricity market system," Applied Energy, Elsevier, vol. 133(C), pages 252-273.
    7. McLoughlin, Fintan & Duffy, Aidan & Conlon, Michael, 2015. "A clustering approach to domestic electricity load profile characterisation using smart metering data," Applied Energy, Elsevier, vol. 141(C), pages 190-199.
    8. Arends, Marcel & Hendriks, Paul H.J., 2014. "Smart grids, smart network companies," Utilities Policy, Elsevier, vol. 28(C), pages 1-11.
    9. Jacqueline Corbett, 2013. "Using information systems to improve energy efficiency: Do smart meters make a difference?," Information Systems Frontiers, Springer, vol. 15(5), pages 747-760, November.
    10. Vardakas, John S. & Zorba, Nizar & Verikoukis, Christos V., 2015. "Performance evaluation of power demand scheduling scenarios in a smart grid environment," Applied Energy, Elsevier, vol. 142(C), pages 164-178.
    11. Giordano, Vincenzo & Fulli, Gianluca, 2012. "A business case for Smart Grid technologies: A systemic perspective," Energy Policy, Elsevier, vol. 40(C), pages 252-259.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shivam Gupta & Vinayak A. Drave & Surajit Bag & Zongwei Luo, 2019. "Leveraging Smart Supply Chain and Information System Agility for Supply Chain Flexibility," Information Systems Frontiers, Springer, vol. 21(3), pages 547-564, June.
    2. Rodgers, Waymond & Cardenas, Jesus A. & Gemoets, Leopoldo A. & Sarfi, Robert J., 2023. "A smart grids knowledge transfer paradigm supported by experts' throughput modeling artificial intelligence algorithmic processes," Technological Forecasting and Social Change, Elsevier, vol. 190(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Engelken, Maximilian & Römer, Benedikt & Drescher, Marcus & Welpe, Isabell M. & Picot, Arnold, 2016. "Comparing drivers, barriers, and opportunities of business models for renewable energies: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 795-809.
    2. Gruber, J.K. & Huerta, F. & Matatagui, P. & Prodanović, M., 2015. "Advanced building energy management based on a two-stage receding horizon optimization," Applied Energy, Elsevier, vol. 160(C), pages 194-205.
    3. Wen, Lulu & Zhou, Kaile & Yang, Shanlin & Li, Lanlan, 2018. "Compression of smart meter big data: A survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 59-69.
    4. Roth, Lucas & Lowitzsch, Jens & Yildiz, Özgür & Hashani, Alban, 2016. "The impact of (co-) ownership of renewable energy production facilities on demand flexibility," MPRA Paper 73562, University Library of Munich, Germany.
    5. Ute Paukstadt & Jörg Becker, 2021. "Uncovering the business value of the internet of things in the energy domain – a review of smart energy business models," Electronic Markets, Springer;IIM University of St. Gallen, vol. 31(1), pages 51-66, March.
    6. García, Sebastián & Parejo, Antonio & Personal, Enrique & Ignacio Guerrero, Juan & Biscarri, Félix & León, Carlos, 2021. "A retrospective analysis of the impact of the COVID-19 restrictions on energy consumption at a disaggregated level," Applied Energy, Elsevier, vol. 287(C).
    7. Wang, Xiaonan & El-Farra, Nael H. & Palazoglu, Ahmet, 2017. "Optimal scheduling of demand responsive industrial production with hybrid renewable energy systems," Renewable Energy, Elsevier, vol. 100(C), pages 53-64.
    8. Yiqi Dong & Zuoji Dong, 2023. "Bibliometric Analysis of Game Theory on Energy and Natural Resource," Sustainability, MDPI, vol. 15(2), pages 1-19, January.
    9. Hartley, Peter R. & Medlock, Kenneth B. & Jankovska, Olivera, 2019. "Electricity reform and retail pricing in Texas," Energy Economics, Elsevier, vol. 80(C), pages 1-11.
    10. Tang, Rui & Li, Hangxin & Wang, Shengwei, 2019. "A game theory-based decentralized control strategy for power demand management of building cluster using thermal mass and energy storage," Applied Energy, Elsevier, vol. 242(C), pages 809-820.
    11. Hall, Stephen & Foxon, Timothy J., 2014. "Values in the Smart Grid: The co-evolving political economy of smart distribution," Energy Policy, Elsevier, vol. 74(C), pages 600-609.
    12. Bossink, Bart A.G., 2017. "Demonstrating sustainable energy: A review based model of sustainable energy demonstration projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 1349-1362.
    13. Ruhang, Xu, 2020. "Efficient clustering for aggregate loads: An unsupervised pretraining based method," Energy, Elsevier, vol. 210(C).
    14. Zhou, Kaile & Yang, Changhui & Shen, Jianxin, 2017. "Discovering residential electricity consumption patterns through smart-meter data mining: A case study from China," Utilities Policy, Elsevier, vol. 44(C), pages 73-84.
    15. Josue Campos do Prado & Wei Qiao & Liyan Qu & Julio Romero Agüero, 2019. "The Next-Generation Retail Electricity Market in the Context of Distributed Energy Resources: Vision and Integrating Framework," Energies, MDPI, vol. 12(3), pages 1-24, February.
    16. Wen, Hanguan & Liu, Xiufeng & Yang, Ming & Lei, Bo & Xu, Cheng & Chen, Zhe, 2024. "A novel approach for identifying customer groups for personalized demand-side management services using household socio-demographic data," Energy, Elsevier, vol. 286(C).
    17. Capozzoli, Alfonso & Piscitelli, Marco Savino & Brandi, Silvio & Grassi, Daniele & Chicco, Gianfranco, 2018. "Automated load pattern learning and anomaly detection for enhancing energy management in smart buildings," Energy, Elsevier, vol. 157(C), pages 336-352.
    18. Rongheng Lin & Budan Wu & Yun Su, 2018. "An Adaptive Weighted Pearson Similarity Measurement Method for Load Curve Clustering," Energies, MDPI, vol. 11(9), pages 1-17, September.
    19. Gianluca Trotta & Kirsten Gram-Hanssen & Pernille Lykke Jørgensen, 2020. "Heterogeneity of Electricity Consumption Patterns in Vulnerable Households," Energies, MDPI, vol. 13(18), pages 1-17, September.
    20. Yanshan Yu & Jin Yang & Bin Chen, 2012. "The Smart Grids in China—A Review," Energies, MDPI, vol. 5(5), pages 1-18, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:infosf:v:19:y:2017:i:1:d:10.1007_s10796-015-9592-z. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.