Junhui Liu¹, Yihan Zhang¹, Zijian Meng², Meng Yang¹, Yao Lu¹, Zhe Chai¹, Zhaoyuan Wu^2,*

Energy Engineering, Vol.121, No.9, pp. 2409-2434, 2024, DOI:10.32604/ee.2024.051554 - 19 August 2024

Abstract As the Chinese government proposes ambitious plans to promote low-carbon transition, energy storage will play a pivotal role in China’s future power system. However, due to the lack of a mature electricity market environment and corresponding mechanisms, current energy storage in China faces problems such as unclear operational models, insufficient cost recovery mechanisms, and a single investment entity, making it difficult to support the rapid development of the energy storage industry. In contrast, European and American countries have already embarked on certain practices in energy storage operation models. Through exploration of key issues such as… More >

Yirui Li¹, Dongliang Xiao^1,3,*, Haoyong Chen¹, Weijun Cai¹, Josue Campos do Prado²

Energy Engineering, Vol.121, No.8, pp. 2093-2127, 2024, DOI:10.32604/ee.2024.049232 - 19 July 2024

Abstract Currently, both regulated and deregulated power trading exist in China’s power system, which has caused imbalanced funds in the electricity market. In this paper, a simulation analysis of the electricity market with wind energy resources is conducted, and the calculation methods of unbalanced funds are investigated systematically. In detail, the calculation formulas of unbalanced funds are illustrated based on their definition, and a two-track electricity market clearing model is established. Firstly, the concept of the dual-track system is explained, and the specific calculation formulas of various types of unbalanced funds are provided. Next, considering the More >

Jingyu Li^1,2, Mushui Wang^1,2,*, Zhaoyuan Wu^1,3, Guizhen Tian^1,2, Na Zhang^1,2, Guangchen Liu^1,2

Energy Engineering, Vol.121, No.3, pp. 619-641, 2024, DOI:10.32604/ee.2023.044862 - 27 February 2024

Abstract Given the “double carbon” objective and the drive toward low-carbon power, investigating the integration and interaction within the carbon-electricity market can enhance renewable energy utilization and facilitate energy conservation and emission reduction endeavors. However, further research is necessary to explore operational optimization methods for establishing a regional energy system using Power-to-Hydrogen (P2H) technology, focusing on participating in combined carbon-electricity market transactions. This study introduces an innovative Electro-Hydrogen Regional Energy System (EHRES) in this context. This system integrates renewable energy sources, a P2H system, cogeneration units, and energy storage devices. The core purpose of this integration… More > Graphic Abstract

Chunlei Jiao¹, Hongyan Hao², Ming Li^1,*, Rifucairen Fu¹, Yichun Liu³, Shunfu Lin³, Ronghui Liu³

Energy Engineering, Vol.120, No.10, pp. 2393-2416, 2023, DOI:10.32604/ee.2023.028574 - 28 September 2023

Abstract In the context of the joint operation of China’s intra-provincial markets and inter-provincial trading, how to meet the load demand and energy consumption using inter-provincial renewable energy trading is a key problem. The combined operation of intra-provincial and inter-provincial markets provides a new way for provincial power companies to optimize and clear the intra-provincial power market, complete the intra-provincial consumption responsibility weight index, and consume renewable energy across provinces and regions. This paper combines power generation and consumption within the province, uses inter-provincial renewable energy trading to meet the load demand within the province and… More >

Imran Khan¹, Firdaus Muhammad-Sukki², Jorge Alfredo Ardila Rey³, Abdullahi Abubakar Mas’ud⁴, Saud Jazaa Alshammari⁴, Dag Øivind Madsen^5,*

Intelligent Automation & Soft Computing, Vol.36, No.2, pp. 1979-1989, 2023, DOI:10.32604/iasc.2023.034106 - 05 January 2023

Abstract Energy sustainability is a hot topic in both scientific and political circles. To date, two alternative approaches to this issue are being taken. Some people believe that increasing power consumption is necessary for countries’ economic and social progress, while others are more concerned with maintaining carbon consumption under set limitations. To establish a secure, sustainable, and economical energy system while mitigating the consequences of climate change, most governments are currently pushing renewable growth policies. Energy markets are meant to provide consumers with dependable electricity at the lowest possible cost. A profit-maximization optimal decision model is… More >

Edwin N. Mbinkar^1,*, Derek Ajesam Asoh^1,2,3, Jerome Ndam Mungwe³, Livinus Songyuh⁴, Emmanuel Lamfu⁵

Energy Engineering, Vol.119, No.6, pp. 2637-2654, 2022, DOI:10.32604/ee.2022.023419 - 14 September 2022

Abstract An electricity market is a trading platform provided by the actors in the electricity sector to sell and buy electricity while maintaining the stability of the transmission network and minimizing energy losses. The management of electrical energy for rational use consists of all the operations that the consumers can carry out in order to minimize their electricity bill, while the producers optimize their benefits and the transmission infrastructure. The reduction of active and reactive power consumption and the smoothing of daily and yearly load profiles are the main objectives in this work. Many developed countries… More > Graphic Abstract

Can Li^*, Xiaode Zuo

Energy Engineering, Vol.119, No.5, pp. 1879-1903, 2022, DOI:10.32604/ee.2022.020472 - 21 July 2022

Abstract This work suggested a novel model for obtaining optimum bidding/offering strategy to improve the benefits in case of big users. Aiming this regard, several electrical energy resources including: micro turbines, green power sources (wind turbine and photovoltaic system), power storage unit such as Hydrogen storage system with fuel cell, as well as mutual treaties are taken into account in offered model. Considering various models for uncertain parameters based on their natures such as power demand, electricity market tariffs, solar irradiation, temperature and wind speed is one of the contributions of the proposed model. Uncertainty of… More >

Jiacheng Yang¹, Xiaohe Zhai¹, Zhongfu Tan^1,2,*, Zhenghao He¹

Energy Engineering, Vol.119, No.3, pp. 883-906, 2022, DOI:10.32604/ee.2022.018033 - 31 March 2022

Abstract There is uncertainty in the electricity price of spot electricity market, which makes load aggregators undertake price risks for their agent users. In order to allow load aggregators to reduce the spot market price risk, scholars have proposed many solutions, such as improving the declaration decision-making model, signing power mutual insurance contracts, and adding energy storage and mobilizing demand-side resources to respond. In terms of demand side, calling flexible demand-side resources can be considered as a key solution. The user's power consumption rights (PCRs) are core contents of the demand-side resources. However, there have been… More >

Hui Wang, Yishu Chen^*, Zichao Wu, Haocheng Xu

Energy Engineering, Vol.119, No.3, pp. 1141-1167, 2022, DOI:10.32604/ee.2022.016151 - 31 March 2022

Abstract

The randomness and uncertainty of renewable energy generation are expected to significantly change the optimal decision-making of trans-provincial electricity market subjects. Therefore, it is beneficial to optimize the interests of each of these subjects, considering the unpredictable risks of renewable energy under the renewable portfolio standards (RPS) and researching their effects on the optimal decision-making of trans-provincial electricity market multi-subjects. First, we develop a trans-provincial trading market mechanism for renewable energy and clarify the electricity supply and demand relation and the green certificates supply and demand relation of trans-provincial electricity market multi-subjects. Then, under the

… More >

Saima Hassan¹, Mojtaba Ahmadieh Khanesar², Nazar Kalaf Hussein³, Samir Brahim Belhaouari^4,*, Usman Amjad⁵, Wali Khan Mashwani⁶

CMC-Computers, Materials & Continua, Vol.71, No.2, pp. 3513-3531, 2022, DOI:10.32604/cmc.2022.022018 - 07 December 2021

Abstract The estimation of the fuzzy membership function parameters for interval type 2 fuzzy logic system (IT2-FLS) is a challenging task in the presence of uncertainty and imprecision. Grasshopper optimization algorithm (GOA) is a fresh population based meta-heuristic algorithm that mimics the swarming behavior of grasshoppers in nature, which has good convergence ability towards optima. The main objective of this paper is to apply GOA to estimate the optimal parameters of the Gaussian membership function in an IT2-FLS. The antecedent part parameters (Gaussian membership function parameters) are encoded as a population of artificial swarm of grasshoppers… More >