A Bi-Level Optimization Framework for the Power-Side Virtual Power Plant Participating in Day-Ahead Wholesale Market as a Price-Maker Considering Uncertainty DOI

Qunli Wu,

Chunxiang Li

Published: Jan. 1, 2023

Recently, distributed energy resources (DERs) surges up due to their profound effect on network flexibility and economic. Nevertheless, controlling a diverse assortment of DERs brings significant challenges for power grid. To cover these challenges, the concept virtual plant (VPP) comes into being. Due ability VPP participate in electricity market exert influence clearing price (MCP) by submitting offers/bids purchase/sell energy, it is necessary define as maker unit. this end, paper develops novel bilevel decision-making framework power-side incorporating refined gas (P2G) process, wherein upper-level cost minimization objective VPP, while lower-level social wholesale clearing. Meanwhile, wind uncertainty handled robust optimization method mitigate its operation. By utilizing Karush-Kuhn Tucker optimality condition strong duality theory, two-level model interpreted tractable single-level mixed integer programming model. The simulation results show that: relative models with removing consideration P2G device,1) proposed approach realizes outstanding economic benefit obtaining an increase rate 7.47% 105.09% total actual profit. For environmental benefit, decline carbon emission intensity. 2) validation manifested data-driven robustness test. Moreover, exhibits privileges trade-off between conservativeness computational complexity. provide good reference participating market.

Language: Английский

How causality impacts the renewable energy, carbon emissions, and economic growth nexus in the South Caucasus Countries? DOI
Azer Dilanchiev, Muhammad Umair,

Muhammad Haroon

et al.

Environmental Science and Pollution Research, Journal Year: 2024, Volume and Issue: 31(22), P. 33069 - 33085

Published: April 26, 2024

Language: Английский

Citations

92

Review of Challenges and Key Enablers in Energy Systems towards Net Zero Target: Renewables, Storage, Buildings, & Grid Technologies. DOI Creative Commons

Malcolm Isaac Fernandez,

Yun Ii Go, M. L. Dennis Wong

et al.

Heliyon, Journal Year: 2024, Volume and Issue: 10(23), P. e40691 - e40691

Published: Nov. 26, 2024

Language: Английский

Citations

12

Optimal Dispatching of Integrated Energy System with Hydrogen-to-Ammonia and Ammonia-mixed/Oxygen-enriched Thermal Power DOI

Wenhao Li,

Weiliang Liu, Yongjun Lin

et al.

Energy, Journal Year: 2025, Volume and Issue: 316, P. 134514 - 134514

Published: Jan. 13, 2025

Language: Английский

Citations

2

A bi-level optimization framework for the power-side virtual power plant participating in day-ahead wholesale market as a price-maker considering uncertainty DOI

Qunli Wu,

Chunxiang Li

Energy, Journal Year: 2024, Volume and Issue: 304, P. 132050 - 132050

Published: June 15, 2024

Language: Английский

Citations

7

Research on multi-time scale integrated energy scheduling optimization considering carbon constraints DOI

Xiaoxun Zhu,

Ming Hu,

Jinfei Xue

et al.

Energy, Journal Year: 2024, Volume and Issue: 302, P. 131776 - 131776

Published: May 25, 2024

Language: Английский

Citations

6

Exploring the diffusion of low-carbon power generation and energy storage technologies under electricity market reform in China: An agent-based modeling framework for power sector DOI
Han Jian,

Qinliang Tan,

Yihong Ding

et al.

Energy, Journal Year: 2024, Volume and Issue: 308, P. 133060 - 133060

Published: Aug. 31, 2024

Language: Английский

Citations

4

Carbon Emissions Cost Pass-through Effect in the Reserve Ancillary Services Market DOI

Yiqi Wang,

Hongyou Lu,

Yang Yang

et al.

Renewable Energy, Journal Year: 2025, Volume and Issue: unknown, P. 122600 - 122600

Published: Feb. 1, 2025

Language: Английский

Citations

0

Multi‐scale coordinated optimal dispatch method of electricity‐thermal‐hydrogen integrated energy systems DOI Creative Commons
Wanting Zheng, Hao Xiao, Ziqi Liu

et al.

IET Energy Systems Integration, Journal Year: 2023, Volume and Issue: 5(3), P. 275 - 289

Published: May 11, 2023

Abstract To achieve carbon neutrality, renewable energy‐based power systems and hydrogen are increasingly being promoted. A novel electricity‐thermal‐hydrogen integrated energy system that combines new generation, multi‐source load, multiple storage is proposed by the authors. address uncertainties in output, issues of untimely unit regulation response large planning tracking errors, a multi‐scale scheduling method based on model predictive control (MPC) was proposed. In day‐ahead dispatching stage, an optimal economic established with lowest operation cost as optimisation objective. The considers equipment investment, operation, maintenance, peak‐to‐valley differences electricity prices. intraday MPC‐based rolling correction strategy to cope contact line fluctuations caused prediction errors load. This time‐domain feedback real‐time state eliminate influence uncertainty factors microgrid. form discrete space transformed into quadratic problem improve efficiency accuracy solution. Finally, typical microgrid used example verify effectiveness method. Results show error can be within 0.025 kW, single time 0.14 s.

Language: Английский

Citations

6

Impact of Carbon Capture (Storage) and Carbon Tax on Economic Dispatch of an Integrated Energy System DOI Open Access
Zhizhou Tan, Boqiang Lin

Journal of Global Information Management, Journal Year: 2023, Volume and Issue: 31(1), P. 1 - 21

Published: Oct. 10, 2023

Finding the balance between economy and low emission of an integrated energy system (IES) has become one current research hotspots. This article introduces carbon tax capture (storage) technology within framework IES model. The comprises components such as combined heat power units equipped with facilities, wind generators, photovoltaic panels, storage systems. objective function model is minimization operational costs. Low-carbon economic operation dispatching problem under constraints conversion, balance, cost studied based on a mix-integer linear programming Through sensitivity analysis, this study explores impact varying levels costs emissions while considering peak valley price differences. reduction potential different policy scenarios also estimated.

Language: Английский

Citations

6

Trading strategies of energy storage participation in day-ahead joint market based on Stackelberg game DOI Creative Commons
Bowen Zhou, Ziyu Zhao, Yichen Jiang

et al.

Heliyon, Journal Year: 2024, Volume and Issue: 10(5), P. e27518 - e27518

Published: March 1, 2024

The goal of "carbon peak, carbon neutral" and the increasing expansion new energy have helped to advance development storage. However, since operating cost storage is high, emission trading power market emerged, effectively improving efficiency. In this paper, a strategy bidding framework participation in day-ahead joint are studied. A model has been established based on Stackelberg game. Finally, "Day-Ahead Intra-Day Carbon Emission Trading (CET)" clearing constructed. It simplified solve equivalent mixed-integer linear programming (MILP) problem with equilibrium constraints through use Karush–Kuhn–Tucker (KKT) optimality criterion duality principle. proposed validated improved examples obtain thermal unit output cuts up 32.2% during load trough periods, 16.75% increase prices peak periods. life extended variation minimized.

Language: Английский

Citations

2