Optimal Bidding Strategy of GENCOs With Volatile Wind Power and Battery Swapping Station

Gong, Naiwei; Luo, Xizhao; Ma, Honglian; Wang, Qi; Danyang, Chen

doi:10.1109/isgt-asia.2018.8467897

Cited by 3 publications

(4 citation statements)

References 11 publications

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“…Battery swapping stations have the capacity of acting as battery aggregators and reserve. The BSS can exploit its revenues and earn revenue by providing amenities in terms of voltage support, regulation reserves during peak load period (F. Ahmad et al, 2020; F. Ahmad, Alam, & Shariff, 2019; Amiri et al, 2018; Gong et al, 2018; Mingfei et al, 2019; Yang et al, 2014).…”

Section: Overview Of Different Aspects Of Charging Infrastructurementioning

confidence: 99%

A comprehensive review of standards and best practices for utility grid integration with electric vehicle charging stations

Sachan

Deb

Singh

et al. 2021

WIREs Energy & Environment

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The present work presents a comprehensive state-of-the-art bibliographical review of standards related to utility grid integration and best practices of the electric vehicle (EV) charging stations. The presence of a robust tuning method is essential for successful utility grid integration with the charging stations. The lack of system standardization may hamper the EV uptake as well as successful utility grid integration with the charging stations. The distributed energy resources (DER) and vehicle to grid (V2G) are going to play a vital role in the power system operation and control. The applicability of criterions within the utility grid integration with charging station area is important to the grid operators, charging service providers, manufacturers, fleet operators, and so forth to ensure safety, dependability, and interoperability. Hence, this work tries to deliver a comprehensive and systematic review of standards and best practices for utility grid interaction with charging stations. It will help the specialists of power as well as transport sectors to track down every one of the norms and best practices, which are accessible at one stage to compare different guidelines.

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Section: Overview Of Different Aspects Of Charging Infrastructurementioning

confidence: 99%

A comprehensive review of standards and best practices for utility grid integration with electric vehicle charging stations

Sachan

Deb

Singh

et al. 2021

WIREs Energy & Environment

View full text Add to dashboard Cite

show abstract

“…In this formulation, the first and second terms of equation ( 9) express the POGs and PODs, respectively. Equation (10) ensures the power balance in the power grid. The point to be made here is that transmission line loss is considered and applied in the power-flow analysis by using the idea of an artificial load at each bus.…”

Section: Upper-level Problem: Bilateral Bidding Strategymentioning

confidence: 99%

“…The first type of modeling deals with the unilateral generation-side bidding strategy problem within energy-only electricity markets. 6–17 In Aien and Fotuhi-Firuzabad, 6 an unscented transformation-based model is presented for the bidding strategy of the price-taker GenCos in an oligopoly market. In this simple, single-level methodology, the market-clearing mechanism is considered as uniform pricing and techno-economic-environmental measures are neglected; subsequently, in such a situation, the market competitive level and profitability are largely diminished.…”

Section: Introductionmentioning

confidence: 99%

“…Although the transmission security constraint considerations—thermal limits of transmission lines—are applied in this formulation, further techno-economic-environmental measures and day-ahead market clearing mechanism are ignored. In Gong et al., 10 a linearized single-level scheme is presented to simulate the competition among thermal-wind GenCos in a pool-based electricity market. In this scheme, real behaviors of the thermal-wind GenCos—quadratic structure—as well as the effect of techno-economic-environmental measures and day-ahead market clearing mechanism on bidding strategies are overlooked.…”

Section: Introductionmentioning

confidence: 99%

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Bilateral bidding strategy in joint day-ahead energy and reserve electricity markets considering techno-economic-environmental measures

Shivaie

Kiani-Moghaddam

Weinsier

2021

Energy & Environment

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In this study, a new bilateral equilibrium model was developed for the optimal bidding strategy of both price-taker generation companies (GenCos) and distribution companies (DisCos) that participate in a joint day-ahead energy and reserve electricity market. This model, from a new perspective, simultaneously takes into account such techno-economic-environmental measures as market power, security constraints, and environmental and loss considerations. The mathematical formulation of this new model, therefore, falls into a nonlinear, two-level optimization problem. The upper-level problem maximizes the quadratic profit functions of the GenCos and DisCos under incomplete information and passes the obtained optimal bidding strategies to the lower-level problem that clears a joint day-ahead energy and reserve electricity market. A locational marginal pricing mechanism was also considered for settling the electricity market. To solve this newly developed model, a competent multi-computational-stage, multi-dimensional, multiple-homogeneous enhanced melody search algorithm (MMM-EMSA), referred to as a symphony orchestra search algorithm (SOSA), was employed. Case studies using the IEEE 118-bus test system—a part of the American electrical power grid in the Midwestern U.S.—are provided in this paper in order to illustrate the effectiveness and capability of the model on a large-scale power grid. According to the simulation results, several conclusions can be drawn when comparing the unilateral bidding strategy: the competition among GenCos and DisCos facilitates; the improved performance of the electricity market; mitigation of the polluting atmospheric emission levels; and, the increase in total profits of the GenCos and DisCos.

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A Game Approach for EV Brands' Investment Planning of Battery Swapping Stations

Ren

Sun

Tang

2022

2022 IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids (SmartGridComm)

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Optimal Bidding Strategy of GENCOs With Volatile Wind Power and Battery Swapping Station

Cited by 3 publications

References 11 publications

A comprehensive review of standards and best practices for utility grid integration with electric vehicle charging stations

A comprehensive review of standards and best practices for utility grid integration with electric vehicle charging stations

Bilateral bidding strategy in joint day-ahead energy and reserve electricity markets considering techno-economic-environmental measures

A Game Approach for EV Brands' Investment Planning of Battery Swapping Stations

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