AC/DC building distribution network design and management - part III (manage power usages through analyzing real-time power market prices)
Singapore is currently grappling with escalating energy demands and rising electricity prices, attributed to factors like Covid-19, the Russian War, and electricity tariff components, there is a pressing need for Singapore to explore innovative strategies for energy management. This study focuses on...
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| Format: | Final Year Project (FYP) |
| Language: | English |
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Nanyang Technological University
2023
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| Online Access: | https://hdl.handle.net/10356/172628 |
| _version_ | 1811676694744924160 |
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| author | Liew, Derrick Yi Liang |
| author2 | Tang Yi |
| author_facet | Tang Yi Liew, Derrick Yi Liang |
| author_sort | Liew, Derrick Yi Liang |
| collection | NTU |
| description | Singapore is currently grappling with escalating energy demands and rising electricity prices, attributed to factors like Covid-19, the Russian War, and electricity tariff components, there is a pressing need for Singapore to explore innovative strategies for energy management. This study focuses on leveraging real-time power market prices to optimize energy consumption, harnessing market fluctuations to reduce electricity costs, and promote a more sustainable and cost-effective energy landscape in Singapore. The objective of this project is to analyze the feasibility of managing power consumption by referencing real-time market prices and the implications of incorporating renewable energy sources, including rooftop PV systems and ESS, in future distribution networks. |
| first_indexed | 2024-10-01T02:25:33Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/172628 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T02:25:33Z |
| publishDate | 2023 |
| publisher | Nanyang Technological University |
| record_format | dspace |
| spelling | ntu-10356/1726282023-12-22T15:41:55Z AC/DC building distribution network design and management - part III (manage power usages through analyzing real-time power market prices) Liew, Derrick Yi Liang Tang Yi School of Electrical and Electronic Engineering yitang@ntu.edu.sg Engineering::Electrical and electronic engineering::Electric apparatus and materials Singapore is currently grappling with escalating energy demands and rising electricity prices, attributed to factors like Covid-19, the Russian War, and electricity tariff components, there is a pressing need for Singapore to explore innovative strategies for energy management. This study focuses on leveraging real-time power market prices to optimize energy consumption, harnessing market fluctuations to reduce electricity costs, and promote a more sustainable and cost-effective energy landscape in Singapore. The objective of this project is to analyze the feasibility of managing power consumption by referencing real-time market prices and the implications of incorporating renewable energy sources, including rooftop PV systems and ESS, in future distribution networks. Bachelor of Engineering (Electrical and Electronic Engineering) 2023-12-19T11:02:35Z 2023-12-19T11:02:35Z 2023 Final Year Project (FYP) Liew, D. Y. L. (2023). AC/DC building distribution network design and management - part III (manage power usages through analyzing real-time power market prices). Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/172628 https://hdl.handle.net/10356/172628 en P1010-221 application/pdf Nanyang Technological University |
| spellingShingle | Engineering::Electrical and electronic engineering::Electric apparatus and materials Liew, Derrick Yi Liang AC/DC building distribution network design and management - part III (manage power usages through analyzing real-time power market prices) |
| title | AC/DC building distribution network design and management - part III (manage power usages through analyzing real-time power market prices) |
| title_full | AC/DC building distribution network design and management - part III (manage power usages through analyzing real-time power market prices) |
| title_fullStr | AC/DC building distribution network design and management - part III (manage power usages through analyzing real-time power market prices) |
| title_full_unstemmed | AC/DC building distribution network design and management - part III (manage power usages through analyzing real-time power market prices) |
| title_short | AC/DC building distribution network design and management - part III (manage power usages through analyzing real-time power market prices) |
| title_sort | ac dc building distribution network design and management part iii manage power usages through analyzing real time power market prices |
| topic | Engineering::Electrical and electronic engineering::Electric apparatus and materials |
| url | https://hdl.handle.net/10356/172628 |
| work_keys_str_mv | AT liewderrickyiliang acdcbuildingdistributionnetworkdesignandmanagementpartiiimanagepowerusagesthroughanalyzingrealtimepowermarketprices |