scholarly journals Impact of renewable energy sources on modelling of bidding strategy in a competitive electricity market using improved whale optimization algorithm

2021 ◽  
Author(s):  
Abhilipsa Sahoo ◽  
Prakash Kumar Hota
Keyword(s):  
Renewable Energy ◽  
Optimization Algorithm ◽  
Electricity Market ◽  
Renewable Energy Sources ◽  
Whale Optimization Algorithm ◽  
Bidding Strategy ◽  
Energy Sources ◽  
Whale Optimization

Optimum utilization of grid connected hybrid renewable energy sources using hybrid algorithm

2020 ◽  
pp. 014233122091374
Author(s):  
M. Suresh ◽  
R. Meenakumari
Keyword(s):  
Renewable Energy ◽  
Tabu Search ◽  
Smart Grid ◽  
Optimization Algorithm ◽  
Renewable Energy Sources ◽  
Whale Optimization Algorithm ◽  
Computational Time ◽  
Energy Sources ◽  
Whale Optimization ◽  
Hybrid Renewable Energy

An optimal utilization of smart grid connected hybrid renewable energy sources is proposed in this paper. The hybrid technique is the combination of recurrent neural network and adaptive whale optimization algorithm plus tabu search, called AWOTS. The main objective is the RES optimum operation for decreasing the electricity production cost by hourly day-ahead and real time scheduling. Here, the load demands are predicted using AWOTS to develop the correct control signals based on power difference between source and load side. Adaptive whale optimization algorithm searching behaviour is adjusted by tabu search. The proposed technique is executed in the MATLAB/Simulink working platform. To test the performance of the proposed method, the load demand for the 24-hour time period is demonstrated. By then the power generated in the sources, such as photovoltaic, wind turbine, micro turbine and battery by the proposed technique, is analyzed and compared with existing techniques, such as genetic algorithm, particle swarm optimization and whale optimization algorithm. Furthermore, the state of charge of the battery for the 24-hour period is compared with existing techniques. Likewise, the cost of the system is compared and error in the sources also compared. The comparison results affirm that the proposed technique has less computational time (35.001703) than the existing techniques. Moreover, the proposed method is cost-effective power production of smart grid and effective utilization of renewable energy sources without wasting the available energy.

scholarly journals Analyzing Trade in Continuous Intra-Day Electricity Market: An Agent-Based Modeling Approach

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3860
Author(s):  
Priyanka Shinde ◽  
Ioannis Boukas ◽  
David Radu ◽  
Miguel Manuel de Manuel de Villena ◽  
Mikael Amelin
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Thermal Power ◽  
Agent Based Modeling ◽  
Market Liquidity ◽  
Energy Sources ◽  
Modeling Framework ◽  
Agent Based

In recent years, the vast penetration of renewable energy sources has introduced a large degree of uncertainty into the power system, thus leading to increased trading activity in the continuous intra-day electricity market. In this paper, we propose an agent-based modeling framework to analyze the behavior and the interactions between renewable energy sources, consumers and thermal power plants in the European Continuous Intra-day (CID) market. Additionally, we propose a novel adaptive trading strategy that can be used by the agents that participate in CID market. The agents learn how to adapt their behavior according to the arrival of new information and how to react to changing market conditions by updating their willingness to trade. A comparative analysis was performed to study the behavior of agents when they adopt the proposed strategy as opposed to other benchmark strategies. The effects of unexpected outages and information asymmetry on the market evolution and the market liquidity were also investigated.

scholarly journals Atjaunojamo energoresursu tiesiskuma nodrošinājums

2015 ◽  
Vol 1 (1) ◽  
pp. 55-63
Author(s):  
Kristīne Šeļepova
Keyword(s):  
Renewable Energy ◽  
Power Supply ◽  
Electricity Market ◽  
Renewable Resources ◽  
Renewable Energy Sources ◽  
Cost Effective ◽  
Energy Industry ◽  
Energy Sources ◽  
Power Base ◽  
Investment Priority

Raksta mērķis ir apzināt atjaunojamo energoresursu tiesisko regulējumu, tā atbalsta shēmas un problemātiku. Raksta autore skaidro, vai šo tiesību aizsardzības līmenis ir pietiekams, vai ir pieņemtas nepieciešamās materiālo tiesību normas, kā arī vai ir pietiekoši tiesiskie līdzekļi, kas nodrošina šo tiesību aizsardzības ievērošanu, kā arī nākamos soļus energoresursu liberalizācijas posmos. Use of renewable energy increases independence from imported energy, reduces greenhouse gas emissions, as well as increases security of energy supply. However, energy industry concedes that power becomes more vulnerable because of historical paradigms; independent power base is replaced with production from renewable energy sources. This is due to subsidies in the investment priority being cost-effective renewable resources projects. Thus, it is necessary to develop a solution defining how volatile and unpredictable renewable energy sources integrated into the European electricity market can be, while ensuring safe and uninterrupted power supply.

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