Literature Review on Future Power Networks Dr. Nancy Agens, Head, Technical Operations, Tutorsindia info@ tutorsindia.com
I. INTRODUCTION The salient property of future power networks is to deploy the needful resources, which will be more in demand. Our future focuses on reducing varying levels of stress, concerning the supply side (Amini et al., 2019) This is also a reason why our future power systems are also reputed as smart grids (SG). In the upcoming days, there will also be a high demand for smart grid technologies, to supply the right source of electricity to cities that are fully-developed and advanced in technology (referring to the smart cities and locations). Load flexibility should be an advantage here since electricity customers, together with demand a response control system should balance the supply-demand count. A crucial challenge here is to manage everything said sustainably. It will take time and a high level of resources to achieve this outcome. Yet, there is enough information to support the fact that the control and protection of future networks would be great on multiple aspects!
expected power electronics for transmission and distribution networks will turn into key players to present global innovations such as: Generating magnetic links that are high on frequency Communications for power networks through community or distributive storage. Use of vehicles that are emission-free and natural. Power-electronic mechanisms to convert results into sustainable electricity for use. Superconductors and powerful mechanical generators. Integrating natural sources of energy such as wind and solar power. Furthermore, our future power system networks and other electricity control protocols should focus to meet affordability as one of its goals. When there is no flexibility in purchasing products/services, then how is that business a profitable one? And that too for pricing (Subramanian et al., 2019) is important for a booming discipline like power networking systems!
II. A FEW SALIENT APPLICATIONS WITH SMART GRIDS COMING SOON
III. SO WHY IS COST A CONSTRAINT TO FUTURE POWER NETWORKS?
There will be powerful state-of-theart tools and technologies, in combination with modern (Muttaqi et al., 2019). power distribution systems. Several unprecedented changes and alterations are happening frequently in the original structural design of power control systems. It will impact the way how electricity would get produced, generated, delivered, controlled and consumed in the next generations ahead. Stating this, the
For this, we have to understand a concept which has so many challenges – Dynamic Pricing. Dynamic pricing is a term that refers to the process of disclosing or revealing the actual charges on electricity. You might think this is the current scenario globally. Yet, there is a subtle difference to it. The future power dynamic pricing must reveal the cost of electricity before any consumption. This is
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