It has been a little over a century since the inception of interconnected networks and little has changed in the way that they are operated. Demand-supply balance methods, protection schemes, business models for electric power companies, and future development considerations have remained the same until very recently. Distributed generators, storage devices, and electric vehicles have become wi…
Proliferation of distributed generation and the increased ability to monitor different parts of the electrical grid offer unprecedented opportunities for consumers and grid operators. Energy can be generated near the consumption points, which decreases transmission burdens and novel control schemes can be utilized to operate the grid closer to its limits. In other words, the same infrastructure…