Smart Grid

Question-1 (4pgs)

Review the NIST framework on smart grid from the link given below. Discuss the role of market domain, operations domain and service provider domain.

https://www.nist.gov/sites/default/files/documents/public_affairs/releases/smartgrid_interoperability_final.pdf

Question-2 (4pgs)

Do some independent research and explain the roles of FERC, ISOs and RTOs in regulating the transmission and the wholesale electricity market.

Question-3 (4pgs)

Explain the difference between demand response and demand side management.

Note:Description should not exceed 2 pages for each question.The The text should be in Century School, font size-12 with single spacing. You can include figures and tables.

Solution Preview

Smart Grid
Question 1: Market Domain, Operations Domain, and Service Domain Roles
Market Domain
Markets refer to areas used in the purchasing and selling of grid assets. The players that operate in market domain are involved in the process of exchanging prices while at the same time focusing on making sure that the levels of demand and supply realize a state of balance in the power sector. The different boundaries that prevail in the area of the market domain comprise of the operations domain, the assets responsible for supply the domains, as well as the customer domain. In the event of the operations domain, it facilitates in control operations whereas the domains supply assets relate to areas related to generation as well as transmission efforts (NIST, 2010). Regarding the customer domain, it mostly handles issues related to customers on matters related to electricity.
The interaction that prevails between markets domain with the domains responsible for the supply of energy are quite crucial. The reason for this is that the matching generation of power consumption mostly revolves around the markets. The domains associated with the supply of energy comprise of the DER (Distributed Energy Resources) together with the Bulk Generation domain.

(3,536 words)