Equilibrium Models of Electricity Market Considering Electric Vehicles and Renewable Energy Trading Priority

2020 ◽  
Author(s):  
Dujiahao Fan ◽  
Chengfu Wang ◽  
Yong Wang
Keyword(s):  
Renewable Energy ◽  
Electric Vehicles ◽  
Electricity Market ◽  
Equilibrium Models ◽  
Energy Trading

Ensuring Energy Trading in Electricity Market Highly Penetrated with Renewable Energy

2019 ◽  
Author(s):  
Shuangquan Liu ◽  
Xiaoting Li ◽  
Songbo Huang ◽  
Mengfei Xie ◽  
Maolin Zhang ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Energy Trading

Design of a Management Algorithm for Energy Trading in Microgrids

2020 ◽  
Vol 13 (7) ◽  
pp. 1028-1040
Author(s):  
Dimosthenis Verginadis ◽  
Athanasios Karlis
Keyword(s):  
Renewable Energy ◽  
Electric Vehicles ◽  
Low Voltage ◽  
Renewable Energy Sources ◽  
Distribution Networks ◽  
Power Grids ◽  
Energy Sources ◽  
Future Research ◽  
Energy Trading ◽  
Management Algorithm

Background: The scope of this paper is to study the energy trading in microgrids. Microgrids are low voltage or medium voltage distribution networks, which consist of energy storage systems, electric loads, e.g. electric vehicles and Renewable Energy Sources (RES). Methods: Legacy energy grids are being transformed by the introduction of small to medium sized individual or cooperative, mostly RES invested energy producers and prosumers. Electric vehicles penetrate the market and modern power grids integrate them as ancillary services providers when there are peak domestic loads, as well as in order to balance grid voltage aiming to increase system reliability, compensating for renewable energy sources’ intermittency and volatility in energy production. Results: An elaborate management algorithm is proposed in this paper, to balance demand and local renewable energy sources microgrid supply. Conclusion: Finally, the results of simulations of different scenarios, including economic parameters and proposals for future research are presented.

scholarly journals Optimal Energy Trading for Renewable Energy Integrated Building Microgrids Containing Electric Vehicles and Energy Storage Batteries

IEEE Access ◽  
2019 ◽  
Vol 7 ◽  
pp. 106092-106101 ◽  
Author(s):  
Abinet Tesfaye Eseye ◽  
Matti Lehtonen ◽  
Toni Tukia ◽  
Semen Uimonen ◽  
R. John Millar
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Electric Vehicles ◽  
Energy Trading ◽  
Optimal Energy ◽  
Storage Batteries

Energy After COVID

2020 ◽  
Vol 119 (820) ◽  
pp. 317-322
Author(s):  
Michael T. Klare
Keyword(s):  
Renewable Energy ◽  
Electric Vehicles ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
White Collar ◽  
Peak Oil ◽  
Business Travel ◽  
Reduce Energy Consumption ◽  
The Cost ◽  
Energy Companies

By transforming patterns of travel and work around the world, the COVID-19 pandemic is accelerating the transition to renewable energy and the decline of fossil fuels. Lockdowns brought car commuting and plane travel to a near halt, and the mass experiment in which white-collar employees have been working from home may permanently reduce energy consumption for business travel. Renewable energy and electric vehicles were already gaining market share before the pandemic. Under pressure from investors, major energy companies have started writing off fossil fuel reserves as stranded assets that are no longer worth the cost of extracting. These shifts may indicate that “peak oil demand” has arrived earlier than expected.

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 Transposition of European Guidelines for Energy Communities into Austrian Law: A Comparison and Discussion of Issues and Positive Aspects

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3922
Author(s):  
Bernadette Fina ◽  
Hubert Fechner
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Clean Energy ◽  
Detailed Comparison ◽  
Regulatory Framework ◽  
Policy Makers ◽  
European Guidelines ◽  
Subsequent Discussion ◽  
Grid Operators ◽  
Austrian Law

The Renewable Energy Directive and the Electricity Market Directive, both parts of the Clean Energy for all Europeans Package (issued in 2019), provide supranational rules for renewable energy communities and citizen energy communities. Since national transpositions need to be completed within two years, Austria has already drafted corresponding legislation. This article aims at providing a detailed comparison of the European guidelines and the transposition into Austrian law. The comparison not only shows how, and to what extent, the European guidelines are transposed into Austrian law, but also helps to identify loopholes and barriers. The subsequent discussion of these issues as well as positive aspects of the Austrian transposition may be advantageous for legislators and policy makers worldwide in their process of designing a coherent regulatory framework. It is concluded that experts from different areas (i.e., project developers, scientists concerned with energy communities, energy suppliers and grid operators) should be closely involved in the law-making process in order to introduce different perspectives so that a consistent and supportive regulatory framework for energy communities is created.

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