A dynamic optimization method for a smart grid

The power systems of the future - smart grid - will see an increase in both renewable energy sources and load demand increasing the need for fast dynamic reconfiguration of system parameters. Advanced simulation capabilities are needed to support future planning and to implement real-time dynamic optimization. To achieve this, intelligent algorithms are needed for prediction and system monitoring along with advanced hardware to provide speed. FASTSIM capabilities allows for fast prediction of how a proposed reconfiguration will affect the system permitting implementation of radical reconfigurations without fear of disturbing vital system settings since the proposed solution will be checked before being implemented. Power systems will need to be continuously monitored for power losses and system contingencies. A combination of system states prediction, dynamic load flow, system optimization, and solution stability checking will allow for a more reliable, affordable and clean power grid. This paper presents a dynamic optimization method based on adaptive critic designs for the smart grid environment.