Pattern Recognition and Predictive Modelling in Smart Grids

Abstract

Smart grids are a modification of traditional electric power grid to achieve a bidirectional, automatic, intelligent and adaptive power system. In smart grids the electricity distribution and power system management is improved by leveraging advanced two-way communications and integrating computing capabilities to achieve better reliability, stability, efficiency, and security of the power system. The smart grid introduces the two-way flow of data between electricity suppliers and customers to transfer real-time information and facilitate the near real-time balance of supply-demand management. In contrast to many other industries who have the capability to store and reserve their products, t..