IEEE Transactions on Energy Markets, Policy and Regulation最新文献

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Optimal Electricity Procurement Enabled by Privacy-Preserving Samples 通过保护隐私的样本优化电力采购
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-02-05 DOI: 10.1109/TEMPR.2024.3361873
Wenqian Jiang;Chenye Wu
{"title":"Optimal Electricity Procurement Enabled by Privacy-Preserving Samples","authors":"Wenqian Jiang;Chenye Wu","doi":"10.1109/TEMPR.2024.3361873","DOIUrl":"https://doi.org/10.1109/TEMPR.2024.3361873","url":null,"abstract":"Prior sample-based mechanisms rely predominately on empirical validations for their efficiency, with little attention to how finite samples theoretically impact decision-making. Additionally, differentially private noise injection before data publication further complicates the understanding of the samples' impact. To this end, taking electricity procurement as an example, we seek to theoretically quantify the impact of authentic and privacy-preserving samples on decision-making. Specifically, based on the customized sample average approximation procurement solution, we derive the minimum number of samples to guarantee near-optimal decisions. Numerical studies validate the theoretical bounds by comparing them to empirical observations. Our analysis offers practical insights into effective demand forecast mechanism design and efficient sample collection.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 3","pages":"339-349"},"PeriodicalIF":0.0,"publicationDate":"2024-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142171567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Towards Distributed Energy Markets: Accurate and Intuitive DLMP Decomposition 迈向分布式能源市场:准确直观的 DLMP 分解
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-02-01 DOI: 10.1109/TEMPR.2024.3360996
Carmen Bas Domenech;James Naughton;Shariq Riaz;Pierluigi Mancarella
{"title":"Towards Distributed Energy Markets: Accurate and Intuitive DLMP Decomposition","authors":"Carmen Bas Domenech;James Naughton;Shariq Riaz;Pierluigi Mancarella","doi":"10.1109/TEMPR.2024.3360996","DOIUrl":"https://doi.org/10.1109/TEMPR.2024.3360996","url":null,"abstract":"Distributed energy markets (DEM) have emerged to efficiently integrate distributed energy resources (DER) in power systems, applying the principles from wholesale energy markets and generating distribution locational marginal prices (DLMPs). In this paper we introduce a novel DLMP decomposition that provides fundamental insights into the relationship between DLMPs and wholesale market prices, active and reactive power injections, thermal and voltage constraints, and losses. The DLMP decomposition is based on an exact second order cone optimal power flow (SOC-OPF) using an iterative algorithm to accurately and efficiently compute DLMP, including instances with negative prices, when generally SOC-OPF is not exact. The salient features of the proposed DLMP decomposition are demonstrated in different DEM applications using a 2-bus canonical example and a 34-bus medium voltage test network. By revealing the underlying drivers of electricity prices at distribution level, the proposed DLMP decomposition initiates crucial discussions on DEM, setting the foundations for further DEM developments.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 2","pages":"240-253"},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141319682","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Market Equilibria in Cross-Border Balancing Platforms 跨境平衡平台的市场平衡
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-01-31 DOI: 10.1109/TEMPR.2024.3360475
Jacques Cartuyvels;Gilles Bertrand;Anthony Papavasiliou
{"title":"Market Equilibria in Cross-Border Balancing Platforms","authors":"Jacques Cartuyvels;Gilles Bertrand;Anthony Papavasiliou","doi":"10.1109/TEMPR.2024.3360475","DOIUrl":"https://doi.org/10.1109/TEMPR.2024.3360475","url":null,"abstract":"The next phase of electricity market integration in Europe will see the introduction of pan-European balancing platforms, MARI and PICASSO, for the trading of manual and automatic frequency restoration reserve. This article provides an analytical framework for the study of pricing asymmetries between European member states in this context. The pricing asymmetries are due to balancing incentive components and consist of the unilateral introduction by a member state of either (i) an adder on the imbalance price and balancing price, (ii) an adder on the imbalance price solely, or (iii) the introduction of a real-time price for the trading of real-time balancing capacity. Our analytical framework allows us to characterize the optimal bidding strategy of flexible assets under the different designs and to derive the resulting equilibria. Our analysis demonstrates that adders without the trading of balancing capacity create inefficiencies by distorting the merit order and tend to be detrimental to the member state that introduces it.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 2","pages":"162-174"},"PeriodicalIF":0.0,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=10417720","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141319680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Cost Allocation for Inertia and Frequency Response Ancillary Services 惯性和频率响应辅助服务的成本分配
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-01-17 DOI: 10.1109/TEMPR.2024.3355291
Carlos Matamala;Luis Badesa;Rodrigo Moreno;Goran Strbac
{"title":"Cost Allocation for Inertia and Frequency Response Ancillary Services","authors":"Carlos Matamala;Luis Badesa;Rodrigo Moreno;Goran Strbac","doi":"10.1109/TEMPR.2024.3355291","DOIUrl":"https://doi.org/10.1109/TEMPR.2024.3355291","url":null,"abstract":"The reduction in system inertia is creating an important market for frequency-containment Ancillary Services (AS) such as enhanced frequency response (e.g., provided by battery storage), traditional primary frequency response and inertia itself. This market presents an important difference with the energy market: while the need for energy production is driven by the demand from consumers, frequency-containment AS are procured because of the need to deal with the largest generation/demand loss in the system (or smaller losses that could potentially compromise frequency stability). Thus, a question that arises is: who should pay for frequency-containment AS? In this work, we propose a cost-allocation methodology based on the nucleolus concept, in order to distribute the total payments for frequency-containment AS among all generators or loads that create the need for these services. It is shown that this method complies with necessary properties for the AS market, such as avoidance of cross-subsidies and maintaining players in this cooperative game. Finally, we demonstrate its practical applicability through a case study for the Great Britain power system, while comparing its performance with two alternative mechanisms, namely proportional and Shapley value cost allocation.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 3","pages":"328-338"},"PeriodicalIF":0.0,"publicationDate":"2024-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142171568","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Dynamic Net Metering for Energy Communities 能源社区的动态净计量
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-01-15 DOI: 10.1109/TEMPR.2024.3354162
Ahmed S. Alahmed;Lang Tong
{"title":"Dynamic Net Metering for Energy Communities","authors":"Ahmed S. Alahmed;Lang Tong","doi":"10.1109/TEMPR.2024.3354162","DOIUrl":"https://doi.org/10.1109/TEMPR.2024.3354162","url":null,"abstract":"We propose a social welfare maximizing market mechanism for an energy community that aggregates individual and community-shared energy resources under a general net energy metering (NEM) policy. Referred to as Dynamic NEM (D-NEM), the proposed mechanism dynamically sets the community NEM prices based on aggregated community resources, including flexible consumption, storage, and renewable generation. D-NEM guarantees a higher benefit to each community member than possible outside the community, and no sub-communities would be better off departing from its parent community. D-NEM aligns each member's incentive with that of the community such that each member maximizing individual surplus under D-NEM results in maximum community social welfare. Empirical studies compare the proposed mechanism with existing benchmarks, demonstrating its welfare benefits, operational characteristics, and responsiveness to NEM rates.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 3","pages":"289-300"},"PeriodicalIF":0.0,"publicationDate":"2024-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142173965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Screening Curve Method for Economic Analysis of Household Solar Energy Self-Consumption 家庭太阳能自我消费经济分析筛选曲线法
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-01-10 DOI: 10.1109/TEMPR.2024.3350051
Hikaru Hoshino;Yosuke Irie;Eiko Furutani
{"title":"Screening Curve Method for Economic Analysis of Household Solar Energy Self-Consumption","authors":"Hikaru Hoshino;Yosuke Irie;Eiko Furutani","doi":"10.1109/TEMPR.2024.3350051","DOIUrl":"https://doi.org/10.1109/TEMPR.2024.3350051","url":null,"abstract":"The profitability of solar energy self-consumption in households, the so-called photovoltaic (PV) self-consumption, is expected to boost the deployment of PV and battery storage systems. This paper develops a novel method for economic analysis of PV self-consumption using battery storage based on an extension of the Screening Curve Method (SCM). The SCM enables quick and intuitive estimation of the least-cost generation mix for a target load curve and has been used for generation planning for bulk power systems. In this paper, we generalize the framework of existing SCM to take into account the intermittent nature of renewable energy sources and apply it to the problem of optimal sizing of PV and battery storage systems for a household. Numerical studies are provided to verify the estimation accuracy of the proposed SCM and to illustrate its effectiveness in a sensitivity analysis, owing to its ability to show intuitive plots of cost curves for researchers or policy-makers to understand the reasons behind the optimization results.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 3","pages":"368-378"},"PeriodicalIF":0.0,"publicationDate":"2024-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142173944","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Design of Multi-Settlement Electricity Markets Considering Demand Response and Battery Energy Storage Systems Participation 考虑需求响应和电池储能系统参与的多结算电力市场设计
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-01-05 DOI: 10.1109/TEMPR.2024.3350510
Anshul Goyal;Kankar Bhattacharya
{"title":"Design of Multi-Settlement Electricity Markets Considering Demand Response and Battery Energy Storage Systems Participation","authors":"Anshul Goyal;Kankar Bhattacharya","doi":"10.1109/TEMPR.2024.3350510","DOIUrl":"https://doi.org/10.1109/TEMPR.2024.3350510","url":null,"abstract":"This article presents a novel framework with new mathematical models that integrate Demand Response (DR) and Battery Energy Storage Systems (BESSs) simultaneously in a Locational Marginal Price (LMP)-based Multi-Settlement Market (MSM), i.e. a coordinated Day-Ahead Market (DAM) and Real-Time Market (RTM). A new set of generator ramping constraints, developed from the DAM settlement, and referred to as Day-Ahead Load-Following (DALF) Ramp, are included in the RTM auction model. The performance of the mathematical models are tested on the IEEE 24-bus Reliability Test System (RTS) by carrying out various case studies, scenarios, uncertainty and sensitivity analyses. Effect of DR and BESS characteristics such as level of participation, initial state-of-charge (SOC), discharge rate, etc. on market settlement is examined. The results demonstrate the merits of the proposed framework, and the impact of the DALF Ramp, DR and BESS inclusion in the MSM auction models on marginal prices, market settlement and system operation. It is noted that the system with DR and BESS in the MSM hedges real-time prices and effectively supports system operation during uncertain events such as line and generators outages, changes in demand or in generation from renewables.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 2","pages":"226-239"},"PeriodicalIF":0.0,"publicationDate":"2024-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141319671","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Economic Value of Energy Storage Systems: The Influence of Ownership Structures 储能系统的经济价值:所有权结构的影响
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-01-02 DOI: 10.1109/TEMPR.2023.3349134
Nan Gu;Chenye Wu;Daniel S. Kirschen
{"title":"Economic Value of Energy Storage Systems: The Influence of Ownership Structures","authors":"Nan Gu;Chenye Wu;Daniel S. Kirschen","doi":"10.1109/TEMPR.2023.3349134","DOIUrl":"https://doi.org/10.1109/TEMPR.2023.3349134","url":null,"abstract":"Owners of renewable energy resources (RES) often choose to invest in energy storage for joint operation with RES to maximize profitability. Standalone entities also invest in energy storage systems and use them for arbitrage. In this paper we examine how these two forms of ownership affect the value of energy storage. Our study reveals that in a perfectly competitive market, energy storage holds equal value for both types of owners if they are risk-neutral. However, when agents are able to exert market power or exhibit risk aversion, the value of energy storage can differ between the two ownership structures. Additionally, we discuss how differential pricing and market barriers influence the value of energy storage. In the numerical studies, we explore how factors such as seasonal price volatility, RES types, and the siting of energy storage influence investment decisions.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 3","pages":"313-327"},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142174025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Market-Based Operation of Interconnectors in a Multi-Area Power Network With Meshed Topology 具有网状拓扑结构的多区域电力网中互联器的市场化运营
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-01-01 DOI: 10.1109/TEMPR.2023.3348984
Qingwen Pang;Vincenzo Trovato;Antonio De Paola;Goran Strbac
{"title":"Market-Based Operation of Interconnectors in a Multi-Area Power Network With Meshed Topology","authors":"Qingwen Pang;Vincenzo Trovato;Antonio De Paola;Goran Strbac","doi":"10.1109/TEMPR.2023.3348984","DOIUrl":"https://doi.org/10.1109/TEMPR.2023.3348984","url":null,"abstract":"The significant reduction in the system inertial response due to the increasing penetration of converter-interfaced renewable generators may reduce the ability to safely control post-fault frequency dynamics. Larger volumes of flexible ancillary services may be required to ensure system stability. Part of these additional regulation resources may be procured from other power systems by means of existing and new interconnectors. The paper investigates this framework by assessing the techno-economic benefits of interconnectors that operate in a multi-area power network and whose capacity can be utilized for simultaneous exchange of power and fast-frequency services. Two different operational approaches are considered: a traditional centralized allocation of the interconnectors’ capacity and an alternative market-based paradigm where price-making interconnectors act as profit-seeking agents that aim to maximize their collected congestion surplus. The paper provides new fundamental results on the benefits of a multi-purpose allocation of the interconnectors’ capacity, directly comparing the operational choices and the interactions between centrally-operated and self-interested interconnectors, and quantifying the impact of the latter on the overall social welfare of the system. This novel methodology is applied to a model of an interconnected Great Britain-France-Ireland multi-area system, quantifying the potential benefits of multi-service interconnectors and assessing the impact of their self-interested scheduling within a realistic framework that considers power systems of different sizes and characteristics.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 1","pages":"79-91"},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140135202","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Unit Equivalent Distribution Network Pricing for Electricity Retail Market 电力零售市场的单位等效配电网定价
IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2023-12-29 DOI: 10.1109/TEMPR.2023.3347627
Shuangyuan Wang;Ran Li;Qiuyang Ma;Chenghong Gu;Furong Li
{"title":"Unit Equivalent Distribution Network Pricing for Electricity Retail Market","authors":"Shuangyuan Wang;Ran Li;Qiuyang Ma;Chenghong Gu;Furong Li","doi":"10.1109/TEMPR.2023.3347627","DOIUrl":"https://doi.org/10.1109/TEMPR.2023.3347627","url":null,"abstract":"Most existing network pricing methodologies are designed for retailers and large customers. With the development of responsive technologies, domestic customers may have very different impacts on networks cost, thus calling for a cost-reflective network pricing method for mass customers in the retail market. The naive volumetric and marginal pricing methods may cause issues of inequality and mis-signaling. Inspired by the Passenger Car Equivalent (PCE) in transportation economics, this paper proposes a Unit Home Equivalent (UHE) pricing to reflect the compatibility between electricity networks and a certain type of users. The method is validated against the Distribution Use of System (DUoS) charging methodology in the U.K. by using real network and household data. The results show the proposed pricing can encourage existing customers to adjust energy usage behaviours and guide new customers and EVs to the right locations.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 2","pages":"276-288"},"PeriodicalIF":0.0,"publicationDate":"2023-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141319670","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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