A Stackelberg game-based peer-to-peer energy trading market with energy management and pricing mechanism: A case study in Guangzhou

Yu, Xiaojun; Pan, Deng; Zhou, Yuekuan

doi:10.1016/j.solener.2024.112388

Cited by 8 publications

(3 citation statements)

References 52 publications

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“…This approach is efficient in P2P networks, where decentralized entities negotiate, share resources, or trade without a central authority. Game theory provides a structured framework to model these interactions as strategic games, where each participant (player) seeks to maximize their utility through their actions [25][26][27]. The specific contributions of this work are as follows:…”

Section: Literature Reviewmentioning

confidence: 99%

Game-Theory-Based Design and Analysis of a Peer-to-Peer Energy Exchange System between Multi-Solar-Hydrogen-Battery Storage Electric Vehicle Charging Stations

Duan,

Yuan,

Taylor

et al. 2024

Electronics

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As subsidies for renewable energy are progressively reduced worldwide, electric vehicle charging stations (EVCSs) powered by renewable energy must adopt market-driven approaches to stay competitive. The unpredictable nature of renewable energy production poses major challenges for strategic planning. To tackle the uncertainties stemming from forecast inaccuracies of renewable energy, this study introduces a peer-to-peer (P2P) energy trading strategy based on game theory for solar-hydrogen-battery storage electric vehicle charging stations (SHS-EVCSs). Firstly, the incorporation of prediction errors in renewable energy forecasts within four SHS-EVCSs enhances the resilience and efficiency of energy management. Secondly, employing game theory’s optimization principles, this work presents a day-ahead P2P interactive energy trading model specifically designed for mitigating the variability issues associated with renewable energy sources. Thirdly, the model is converted into a mixed integer linear programming (MILP) problem through dual theory, allowing for resolution via CPLEX optimization techniques. Case study results demonstrate that the method not only increases SHS-EVCS revenue by up to 24.6% through P2P transactions but also helps manage operational and maintenance expenses, contributing to the growth of the renewable energy sector.

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Section: Literature Reviewmentioning

confidence: 99%

Game-Theory-Based Design and Analysis of a Peer-to-Peer Energy Exchange System between Multi-Solar-Hydrogen-Battery Storage Electric Vehicle Charging Stations

Duan,

Yuan,

Taylor

et al. 2024

Electronics

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“…Climate adaptation with respect to energy resilience has been systematically reviewed, including urban morphology, mobility-based interactive energy sharing in regional districts, smart microgrids with vehicle-to-everything (V2X), and flexible energy buildings [26] . Zhou et al studied climateadaptive resilience in district buildings through distributed renewables, electric vehicles, and microgrids [27] . The research results indicate the challenges imposed by climate change on zero-carbon buildings.…”

Section: Introductionmentioning

confidence: 99%

Lifecycle carbon footprints of buildings and sustainability pathways in China

Zhou,

Yu,

Zhang

2024

Carbon Footprints

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The Paris Agreement, with a 2 °C temperature increase baseline and a 1.5 °C target temperature increase, imposes challenges to the sustainability of buildings. However, as an end-user or end-of-the-art, the building sector overlaps with other sectors, such as industry and transportation in building materials manufacturing (such as steel, concrete, cement, etc. ) and electricity use (such as building-to-vehicle charging), imposing difficulties in lifecycle carbon footprint quantification in buildings. In this study, the lifecycle carbon footprint of buildings and sustainability pathways in China are provided. Tools and platforms for lifecycle carbon footprint quantification in buildings are reviewed. A global database for lifecycle carbon footprint quantification in buildings is reviewed and compared, together with an analysis of the advantages and disadvantages. Furthermore, decarbonization technologies in the building operation stage are comprehensively reviewed, including the decarbonization potential, technology readiness level (TRL), techno-economic performance, and current technical status. Pathways on carbon neutrality in building sectors in China are provided. The results indicate that inconsistencies in global databases, unclear definitions of lifecycle carbon emissions, and inaccurate models of building energy consumption are the main challenges for accurate lifecycle carbon analysis in buildings. Various carbon neutrality transformation technologies can be classified into ultralow energy building and near zero-energy building technologies and into efficient heat pump and smart metering technologies. Pathways for low-carbon transition in building sectors include building energy saving (330 million tCO2 with 22%), renewable energy supply (299 million tCO2 with 20%), building electrification and power sector decarbonization (450 million tCO2 with 30%), and carbon capture, utilization and storage (CCUS) technology (420 million tCO2 with 28%). These research results can pave the way for upcoming studies on the lifecycle carbon footprint in buildings and sustainability pathways in China.

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“…As mentioned above, findings in numerous literatures have revealed that technology innovation constitutes a pivotal avenue for mitigating carbon emissions (Fernández et al, 2022;Hossain et al, 2022;Yu et al, 2024). Advances in energy technology can reduce the energy use intensity of industrial production activities while improving production efficiency (Wurlod and Noailly, 2018).…”

mentioning

confidence: 99%

Carbon emissions cap or energy technology subsidies? Exploring the carbon reduction policy based on a multi-technology sectoral DSGE model

Gu,

Li,

Hong

et al. 2024

Humanit Soc Sci Commun

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As global climate change becomes increasingly severe, energy technology innovation has become a key means of coping with the climate crisis and realizing green and low-carbon development. However, existing literature rarely examines the effects of carbon emission reduction policies based on the perspective of energy technology progress for both short-term economic fluctuations and long-term equilibrium. This paper introduces the fossil energy technology sector and the renewable energy technology sector into the dynamic stochastic general equilibrium (DSGE) model, and compares the effectiveness of the carbon emission cap policy, the fossil energy technology subsidy policy, and the renewable energy technology subsidy policy under the framework of China’s carbon trading market in promoting macroeconomic growth and controlling pollutant emissions. We found that in long-term, the emission reduction effect of the carbon emission cap policy falls short of the other two policies, and subsidizing fossil fuel technologies is more cost-efficient comparatively. The government expenditure shock can all stimulate macroeconomic growth with crowding out of private investment and household consumption, whereas the energy technology research productivity shock leads to a decline in total output and an increase in renewable energy technology demand. In addition, pollutant emissions are pro-cyclical under the impact of total carbon policies and counter-cyclical under the impact of energy technology subsidy policies. This article constructs a multi-technology sectoral dynamic stochastic general equilibrium model, expanding the research perspective and theoretical framework for evaluating carbon emission reduction policies. At the same time, it proves the importance of the government to implement the phased energy technology subsidy policy while implementing the carbon emission cap policy, which provides important enlightenment for the implementation and adjustment of carbon emission reduction policy.

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A Stackelberg game-based peer-to-peer energy trading market with energy management and pricing mechanism: A case study in Guangzhou

Cited by 8 publications

References 52 publications

Game-Theory-Based Design and Analysis of a Peer-to-Peer Energy Exchange System between Multi-Solar-Hydrogen-Battery Storage Electric Vehicle Charging Stations

Game-Theory-Based Design and Analysis of a Peer-to-Peer Energy Exchange System between Multi-Solar-Hydrogen-Battery Storage Electric Vehicle Charging Stations

Lifecycle carbon footprints of buildings and sustainability pathways in China

Carbon emissions cap or energy technology subsidies? Exploring the carbon reduction policy based on a multi-technology sectoral DSGE model

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