Power Optimization of Energy Service Companies (ESCOs) in Peak Demand Period Based on Supply Chain Network

Abstract

A service value network may be defined as “the flexible, dynamic delivery of a service, and / or product, by a business and its networked, coordinated value chains (supply chains and demand chains working in harmony); such, that a value-adding and target-specific service and/ or product solution is effectively, and efficiently, delivered to the individual customers in a timely, physical or virtual manner.” This chapter has focused on the integration of renewable energy, specifically the solar energy resources into conventional electric grid and deployment of smart architecture of hybrid energy system in the context of Green House Effect to Climate Change with the deployment of energy conservation efforts by Energy Service Companies (ESCOs) under Energy Conservation Act 2001 under Bureau of Energy Efficiency (BEE) in Indian context for sustainable development of the rural and urban sector. A proposed research background for cost proposition for integrating distributed renewable –solar energy resources to the electricity grid is discussed. ESCOs (Energy Service Companies), and ESCOs groups and ESCOs chains or e-energy service companies in the Smart-Grid network can optimize the national power shortage problem in peak demand period. It is a virtual service value network based on supply chain network of various energy trading companies. This proposition also helps to minimize the adverse challenges of climate change utilizing renewable energy resources at this service value network integrating into repository of conventional emery resources, thus reducing CO2 emissions percentage and ultimately enhancing a green power scenario. The deployment of smart architecture of hybrid energy system for sustainable development of the rural and urban sector through the integrated renewable energy, specifically the solar energy resources into conventional electric grid with the concept of next generation mobile smart-grid city for efficient real-time collaborative use of renewable and non-renewable energy sources at smart user-centric device for sustainable green environment in the context of climate change proposition, which with the chain of ESCOs can reduce CO2 emission ultimately with synchronization of all entities in the virtual network of Smart-Energy scenario. The cost proposition for integrating distributed renewable –solar energy resources to the electricity grid has been analyzed.