Technical and economic model of energy transmission and distribution based on the smart metering technologies

This paper is devoted to the technical and economic model for energy distribution grids which can be used for both the wholesale and the retail markets. This model combines the technical and economic sides of the process of transport and distribution and uses the balance equations for linking the parameters. This gives the opportunity to analyze and manage both energy and cost flows. This model is designed for electric utilities to solve the technical tasks of calculating energy flows and measurements verification. It is also used in solving the economic tasks of obtaining the calculating estimates of key financial indicators and justification of energy transmission tariff. Information basis of the proposed model are the complex Smart Metering systems and specialized algorithms of storage and processing large information volumes. The main stages of the technical and economic model construction and also its main advantages are shown in the numerical test case.