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A local integrated electricity-heat market design among multi Smart Energy Hubs with renewable energy generation uncertainty

Ebrahimi, M ; Sharif University of Technology | 2023

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  1. Type of Document: Article
  2. DOI: 10.1016/j.epsr.2023.109217
  3. Publisher: Elsevier Ltd , 2023
  4. Abstract:
  5. In the light of the rapid advances in renewable energy technologies, they have become an appropriate option to supply energy with numerous advantages. Besides, the coordination of different energy resources and the proliferation of energy conversion technologies such as Combined Heat and Power (CHP) has facilitated the raising of new energy prosumers called Smart Energy Hub (S.E.Hub). This paper utilizes an innovative model to propose a secured decentralized energy market architecture that consists of S.E.Hubs, energy utility grids, energy consumers, and an aggregator. The interaction among these players is modeled as a bilevel optimization problem. This problem has been transformed into a single-level mixed integer linear problem by means of the Strong duality theorem. Numerical results show how the pricing method influences S.E.Hubs’ motivation to provide more energy on high-demanded hours. Furthermore, two-sided cooperations could be seen among S.E.Hubs that facilitate their energy bill reduction. © 2023 Elsevier B.V
  6. Keywords:
  7. Electricity market ; Energy sharing model ; Local energy trading ; Smart Energy Hub ; Strong duality theorem
  8. Source: Electric Power Systems Research ; Volume 218 , 2023 ; 03787796 (ISSN)
  9. URL: https://www.sciencedirect.com/science/article/abs/pii/S0378779623001062