scholarly journals Trusted Transactions in Micro-Grid Based on Blockchain

Energies ◽  
2019 ◽  
Vol 12 (10) ◽  
pp. 1952 ◽  
Author(s):  
Yunjun Yu ◽  
Yanghui Guo ◽  
Weidong Min ◽  
Fanpeng Zeng
Keyword(s):  
Electricity Market ◽  
Power Demand ◽  
Community Members ◽  
Bayesian Theorem ◽  
Bidding Strategies ◽  
Transaction Process ◽  
Transaction Structure ◽  
Accurate Probability ◽  
Grid Based ◽  
Multi Agents

In order to build a local electricity market (LEM), community members can trade electricity peer-to-peer (P2P) with their neighbors. This paper proposes a Hierarchical Bidding and Transaction Structure based on blockchain (HBTS). First, combined with the multi-agents, each microgrid corrects the estimated cost probability distribution of other microgrids by Bayesian theorem, making its probability closer to the accurate probability. Second, for maximize the benefits of the microgrid, this paper uses the Nash equilibrium in the Cournot model to find the optimal quotation and output of different bidding strategies for the microgrid under different power demand conditions. Then the exchange of electricity translates into an exchange of digital proof of electricity purchases and sales of electricity on the Hyperledger Fabric, ensuring the security of the transaction process and the irreparable modification of ledgers. Finally, we verify the effectiveness of the bidding strategy through experiments, and analyze the transaction process.

Risk-Based Robust Bidding Strategies for EVs’ Aggregators in Day-ahead Markets with Uncertainty

2020 ◽  
Author(s):  
Ahmed Abdelmoaty ◽  
Wessam Mesbah ◽  
Mohammad A. M. Abdel-Aal ◽  
Ali T. Alawami
Keyword(s):  
Robust Optimization ◽  
Electricity Market ◽  
Real Life ◽  
Optimization Approach ◽  
Case Scenario ◽  
Worst Case ◽  
Bidding Strategies ◽  
Wind Generators ◽  
Proposed Model ◽  
Optimal Bidding

In the recent electricity market framework, the profit of the generation companies depends on the decision of the operator on the schedule of its units, the energy price, and the optimal bidding strategies. Due to the expanded integration of uncertain renewable generators which is highly intermittent such as wind plants, the coordination with other facilities to mitigate the risks of imbalances is mandatory. Accordingly, coordination of wind generators with the evolutionary Electric Vehicles (EVs) is expected to boost the performance of the grid. In this paper, we propose a robust optimization approach for the coordination between the wind-thermal generators and the EVs in a virtual<br>power plant (VPP) environment. The objective of maximizing the profit of the VPP Operator (VPPO) is studied. The optimal bidding strategy of the VPPO in the day-ahead market under uncertainties of wind power, energy<br>prices, imbalance prices, and demand is obtained for the worst case scenario. A case study is conducted to assess the e?effectiveness of the proposed model in terms of the VPPO's profit. A comparison between the proposed model and the scenario-based optimization was introduced. Our results confirmed that, although the conservative behavior of the worst-case robust optimization model, it helps the decision maker from the fluctuations of the uncertain parameters involved in the production and bidding processes. In addition, robust optimization is a more tractable problem and does not suffer from<br>the high computation burden associated with scenario-based stochastic programming. This makes it more practical for real-life scenarios.<br>

scholarly journals Dynamic Optimization of a Subcritical Steam Power Plant under Time-Varying Power Load

2018 ◽  
Author(s):  
Chen Chen ◽  
George M. Bollas
Keyword(s):  
Power Plant ◽  
Dynamic Optimization ◽  
Electricity Market ◽  
Optimization Problems ◽  
Optimal Time ◽  
Time Varying ◽  
Power Demand ◽  
Test Bed ◽  
Simulation And Optimization ◽  
Power Load

The increasing variability in power plant load, in response to a wildly uncertain electricity market and the need to to mitigate CO2 emissions, lead power plant operators to explore advanced options for efficiency optimization. Model-based, system-scale dynamic simulation and optimization are useful tools in this effort, and the subject of the work presented here. In prior work, a dynamic model validated against steady-state data from a 605 MW subcritical power plant was presented. This power plant model is used as a test-bed for dynamic simulations, in which the coal load is regulated to satisfy a varying power demand. Plant-level control regulates plant load to match an anticipated trajectory of the power demand. The efficiency of the power plant operating at varying load is optimized through a supervisory control architecture that performs set point optimization on the regulatory controllers. Dynamic optimization problems are formulated to search for optimal time-varying input trajectories that satisfy operability and safety constraints during the transition between plant states. An improvement in time-averaged efficiency of up to 1.8% points is shown feasible with corresponding savings in coal consumption of 184.8 tons/day and carbon footprint decrease of 0.035 kg/kWh.

scholarly journals Combined Bidding Strategy of Multi-owner Cascaded Hydropower Stations in Day-Ahead Market

2018 ◽  
Vol 246 ◽  
pp. 02036 ◽  
Author(s):  
Ying Yang ◽  
Weibin Huang ◽  
Guangwen Ma ◽  
Shijun Chen ◽  
Gang Liu ◽  
...  
Keyword(s):  
Electricity Market ◽  
Power Market ◽  
Bidding Strategy ◽  
Competitive Advantages ◽  
Bidding Strategies ◽  
Cascade Hydropower Stations ◽  
The Game Theory ◽  
Optimal Bidding ◽  
Hydropower Stations ◽  
Operation Characteristics

Under the background of the electricity market reform, if the multi-owner cascade hydropower stations bid separately, the overall competitive advantages of river basin cannot be exerted, and the overall benefits cannot achieve the maximization. Based on the operation characteristics of cascade hydropower stations and the rule of competitive bidding, this paper established a bi-level optimal model for bidding game in day-ahead market, and used the Nash equilibrium principle of the game theory and genetic algorithm to solve this model, the optimal bidding strategies of the multi-owner cascade hydropower stations have been solved under the circumstances of bidding by oneself and alliance. The results from the calculating examples showed that the unified price declaration of the multi-owner cascade hydropower stations in day-ahead market can improve the overall and individual generation efficiency, and proved the effectiveness and feasibility of the combined bidding strategy in power market.

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