Decomposition and analysis of marginal prices in multi-energy systems

Bao, Shiyuan; Yang, Zhifang; Yu, Jie

doi:10.1016/j.energy.2021.119814

Cited by 6 publications

(3 citation statements)

References 20 publications

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“…To guarantee the least sharing of information, the problem is formulated using the alternating direction method of multipliers (ADMM) and the results reflect that the simultaneous participation in multi-energy markets significantly reduces the costs of aggregators compared to participation in the single-energy market. In [13] a new strategy for pricing different carriers in multi-energy systems is introduced. In this study, the price correlation between different carriers has been evaluated in detail and guidelines have been provided to reduce this correlation.…”

Section: Literature Reviewmentioning

confidence: 99%

An IoT-enabled hierarchical decentralized framework for multi-energy microgrids market management in the presence of smart prosumers using a deep learning-based forecaster

et al. 2023

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Section: Literature Reviewmentioning

confidence: 99%

An IoT-enabled hierarchical decentralized framework for multi-energy microgrids market management in the presence of smart prosumers using a deep learning-based forecaster

et al. 2023

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“…To measure energy security, we consider the supply and consumption of various energy sources which can reflect the diversification of the energy system (De Rosa et al , 2022; Gozgor and Paramati, 2022; Islam et al , 2022). If a region relies only on traditional oil resources, once the oil market fluctuates, the national energy system will be dramatically shocked, which is not conducive to the stability of the energy system (Bao et al , 2021; Heffron et al , 2022; Hung and Vo, 2021). As for the third indicator, we consider not only the end consumers, but also the decentralized energy system.…”

Section: Quantifying the Energy Trilemma In Chinamentioning

confidence: 99%

Quantifying the energy trilemma in China and assessing its nexus with smart transportation

Zhao

Dong

2022

SRT

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Purpose Mitigating the energy trilemma (ET) is of great importance for dealing with climate change and realizing carbon neutrality. To this end, effectively assessing the level of the ET is essential. The purpose of this study is to evaluate the current situation and the spatio-temporal changes of the ET in the whole of China. Design/methodology/approach Moreover, based on provincial-level data in China for the period 2002–2017, and by using the dynamic estimation model, we aim to determine the specific marginal impacts of smart transportation (ST) on the ET, and the possible channels through which ST works on the ET. Findings We thus present the following findings: (1) The performance of both ET and its three pillars is gradually improving in China. Moreover, the situation tends to vary dramatically among various regions and provinces, and the gap between the best performers and the worst is large. (2) ST plays a significant role in inhibiting the ET, a finding that remains robust after a series of tests. And (3) the ET eradication effect of ST is caused mainly by improved innovation, advanced technical efficiency, and the increasing energy scale. Originality/value Accordingly, we put forward some policy recommendations to help tackle ET and accelerate ST in China.

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“…Articles [2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20] present studies aimed at modeling integrated energy systems and optimizing their energy flows. Let us look at some of the studies in more detail.…”

Section: Reviewmentioning

confidence: 99%

Methodological aspects of modeling the fuel and energy complex in the context of energy security

Piskunova

2021

E3S Web Conf.

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One of the most important goals of the energy industry is to ensure a shortage-free and reliable energy supply to consumers. To achieve this goal, it is necessary to assess the level of energy security of the fuel and energy complex (FEC) of the country. For these purposes, it is proposed to form a model of the energy system that would take into account the peculiarities of all process flows that take place in it. For this purpose, we conducted a review of Russian and foreign studies in the field of modeling of the FEC in the course of the work. The main result presented in the article is a methodology for the building of a unified model of the fuel and energy complex to assess the level of energy security.

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Decomposition and analysis of marginal prices in multi-energy systems

Cited by 6 publications

References 20 publications

An IoT-enabled hierarchical decentralized framework for multi-energy microgrids market management in the presence of smart prosumers using a deep learning-based forecaster

An IoT-enabled hierarchical decentralized framework for multi-energy microgrids market management in the presence of smart prosumers using a deep learning-based forecaster

Quantifying the energy trilemma in China and assessing its nexus with smart transportation

Methodological aspects of modeling the fuel and energy complex in the context of energy security

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