Sharing Economy in Local Energy Markets

Wu, Zhaoyuan; Wang, Jianxiao; Zhong, Haiwang; Gao, Fangfang; Pu, Tao; Tan, Chee Keong; Chen, Xiupeng; Li, Gengyin; Zhao, Huiru; Zhou, Ming; Xia, Qing

doi:10.35833/mpce.2022.000521

Cited by 23 publications

(8 citation statements)

References 77 publications

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“…Nowadays, the electrical energy industry in Thailand is necessary for the country's developments in many areas such as trade, industry, communication, and housing, which are related to the direction of growth and the country's economy. The planning to determine the direction of development at the country's policy level in electric power is very important for long-term sustainable developments in the future, especially in the three cores of sustainability, i.e., society, environment, and economics [46,47]. The important issues are used in the planning to determine the policy direction, i.e., the consideration of controlling the amount of demand and supply sides of energy use and production together.…”

Section: Beneficially Practical Implications Of Economic Pricing In P...mentioning

confidence: 99%

Economic Pricing in Peer-to-Peer Electrical Trading for a Sustainable Electricity Supply Chain Industry in Thailand

Leelasantitham,

Wongsamerchue,

Sukamongkol

2024

Energies

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The state-owned power Electricity Generating Authority of Thailand (EGAT), a monopoly market in charge of producing, distributing, and wholesaling power, is the focal point of Thailand’s electricity market. Although the government has encouraged people to install on-grid solar panels to sell electricity as producers and retail consumers, the price mechanism, i.e., purchasing price and selling prices, is still unilaterally determined by the government. Therefore, we are interested in studying the case where blockchain can be used as a free trading platform. Without involving buying or selling from the government, this research presents a model of fully traded price mechanisms. Based on the study results of the double auction system, data on buying and selling prices of electrical energy in Thailand were used as the initial data for the electricity peer-to-peer free-trading model. Then, information was obtained to analyze the trading price trends by using the law of demand and supply in addition to the principle of the bipartite graph. The price trend results agree well with those of price equilibrium equations. Therefore, we firmly believe that the model we offer can be traded in a closed system of free-trade platforms. In addition, the players in the system can help to determine the price trend that will occur according to various parameters and will cause true fairness in the sustainable electricity supply chain industry in Thailand.

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Section: Beneficially Practical Implications Of Economic Pricing In P...mentioning

confidence: 99%

Economic Pricing in Peer-to-Peer Electrical Trading for a Sustainable Electricity Supply Chain Industry in Thailand

Leelasantitham,

Wongsamerchue,

Sukamongkol

2024

Energies

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“…A lot of the work in this area is based on new technologies that help solve the problems that come up with using intermittent and changing green energy sources. A lot [7] of attention has been paid to grid-scale energy storage options. New battery technologies, like lithiumion and flow batteries, have made it easier and more efficient to store energy.…”

Section: Review Of Literaturementioning

confidence: 99%

Renewable Energy Integration in Core Electrical Infrastructure: A Smart Approach

2024

Acta Energetica

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Renewable energy sources need to be deeply integrated into the heart of electricity infrastructure in order for energy systems to become more sustainable and durable. This essay takes a thorough look at the problems and chances that come with adding green energy sources to the current power grid. As the need to stop climate change grows, the focus is on building a strong system that makes sure green resources are used efficiently while keeping the grid stable and reliable. The first part of the study looks at some of the biggest technical problems, like intermittent power, variability, and grid compatibility that have made it hard for green energy sources to be easily added to the power grid in the past. The study suggests new ways to deal with these problems by using improved energy storage technologies, smart grid control systems, and better predicting methods. The paper also talks about the rules and regulations that are in place, emphasizing the need for flexible rules that encourage the use of green energy while also protecting the grid. The study also looks into the social and economic effects of using green energy, with a focus on creating jobs, getting people involved in the community, and growing the economy. It is also emphasized how important it is for public education and information efforts to help people feel good about using green energy.

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“…Actively explore the construction of an intelligent network platform from the planning and construction of front-end charging facilities to the deployment of intermediate bus charging needs and then to the management and maintenance of terminal charging facilities. On the other hand, strengthen the innovation of charging operation mode, face the subdivision scenarios of the charging demand of public vehicles and social vehicles at different times, take into account safety, efficiency, and energy saving, create technology applications such as wireless charging of charging piles and customized charging management of vehicles, and form an ecological model of multi-type charging facility investment, diversified charging methods, and diversified profit sharing [38]. Maximize the utilization rate and profitability of charging facilities to match the charging demand and management level.…”

Section: Build a Complete Network Of Ground Bus Charging Facilitiesmentioning

confidence: 99%

New Energy Commuting Optimization under Low-Carbon Orientation: A Case Study of Xi’an Metropolitan Area

Dai,

Ma,

Zhou

2023

Energies

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Low-carbon travel is an important part of low-carbon cities and low-carbon transportation, and low-carbon transportation is an inevitable choice to slow down the growth of carbon emissions in China. All countries in the world are actively promoting new energy vehicles and attach great importance to the application of the new energy industry in urban transportation. Commuting is an important part of urban life, and the choice of travel behavior has an important impact on traffic and environmental protection. Taking the Xi’an metropolitan area as an example, this paper expounds on the integrated development path of the industrial chain of new energy + travel in the metropolitan area and clarifies the energy transformation model of the integrated development of low-carbon transportation and energy. From the perspective of green and low-carbon, 1000 commuters were interviewed using a questionnaire survey, and the cumulative prospect model was used to verify the internal mechanism affecting commuters in metropolitan areas to choose new energy commuting. The results of the study show that new energy transportation modes play an important role in the low-carbon economy, and under different scenarios and assumptions, there are significant differences in the cumulative prospect values of the subway, new energy buses and fuel private cars, and corresponding optimization measures are proposed to increase the proportion of new energy commuting trips. The results will help further promote the development of a low-carbon economy and energy integration in the field of transportation and provide a reference for the sustainable development of public transportation.

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Sharing Economy in Local Energy Markets

Cited by 23 publications

References 77 publications

Economic Pricing in Peer-to-Peer Electrical Trading for a Sustainable Electricity Supply Chain Industry in Thailand

Economic Pricing in Peer-to-Peer Electrical Trading for a Sustainable Electricity Supply Chain Industry in Thailand

Renewable Energy Integration in Core Electrical Infrastructure: A Smart Approach

New Energy Commuting Optimization under Low-Carbon Orientation: A Case Study of Xi’an Metropolitan Area

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