Site Loader
Rock Street, San Francisco

As urban residents are expected to represent more than 60 per cent of
the world’s population by 2050, the current developments and interests
in the “Smart City” concept are essential to enable the successful
transition to this new era. This paradigm relies on the integration of
emerging Information and Communication Technologies (ICT), such as the
Internet of Things (IoT), Cloud Computing, Big Data to manage assets and
resources efficiently while facilitating the planning, construction,
management and smart services within cities.
While smart cities aim to enhance the quality, performance and
interactivity of urban services at reduced cost, their realization is
faced by many regulatory and technical challenges.
Among these challenges, is the integration of renewable energy resources
to the utility system of smart cities motivated by the increasing
climate change concerns. Adding further to its complexity, is the
challenge of incorporating multiple renewable energy retailers in the
same region each with their own pricing strategies due to the lack of a
standardized metering indicator and billing system. Creating a need for
an intelligent and standardized cloud-based energy broker to satisfying
the end-user requests, and minimize expenses by efficiently selecting
the most suitable energy retailer.
In our work, a particular focus is raised towards the optimization of
such energy brokering service which is motivated by the orchestration
of a brokering role aiming to improve user experience and interaction
with smart city services. Hence our main contribution is proposing a
standardized intelligent broker model with smart trading strategies to
cope with the dynamics and complexity of the energy retail market, while
allocating energy resources based on end-users’ demands. This is
achieved through the following steps:
1) studying a complete model of the broker service and involved parties
within the exposed framework.
2) proposing a multi-objective heuristic to provide a dynamic
optimization of the grid operations and resources, with full
cyber-security, within the boundaries of the city.
3) analyzing the gaps among industry practices, market requirements and
current technical standardization efforts at ISO/IEC JTC 1/SC 38 (Cloud
Computing and distributed platform) in order to pave the way to
establishing standards in metering indicators and billing principles for
cloud services this while keeping in mind privacy and data protection
risks and regulations enforced by ISO JT1/SC 27 and EU General Data
Protection Regulation effective May 2018.

Post Author: admin


I'm Dora!

Would you like to get a custom essay? How about receiving a customized one?

Check it out