A Power P2P Market Framework to Boost Renewable Energy Exchanges in Local Microgrids

2019 ◽  
Author(s):  
Pablo Baez-Gonzalez ◽  
Enrique Rodriguez-Diaz ◽  
Miguel A. Ridao Carlini ◽  
Carlos Bordons
Keyword(s):  
Renewable Energy ◽  
Market Framework ◽  
Energy Exchanges

scholarly journals Optimal Dispatch Strategy of Virtual Power Plant for Day-Ahead Market Framework

2021 ◽  
Vol 11 (9) ◽  
pp. 3814
Author(s):  
Poushali Pal ◽  
Parvathy Ayalur Krishnamoorthy ◽  
Devabalaji Kaliaperumal Rukmani ◽  
S. Joseph Antony ◽  
Simon Ocheme ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Power Plant ◽  
Energy Resources ◽  
Distributed Energy Resources ◽  
Virtual Power ◽  
Distributed Energy ◽  
Distribution Method ◽  
Virtual Power Plant ◽  
Optimal Dispatch ◽  
Market Framework

Renewable energy sources prevail as a clean energy source and their penetration in the power sector is increasing day by day due to the growing concern for climate action. However, the intermittent nature of the renewable energy based-power generation questions the grid security, especially when the utilized source is solar radiation or wind flow. The intermittency of the renewable generation can be met by the integration of distributed energy resources. The virtual power plant (VPP) is a new concept which aggregates the capacities of various distributed energy resources, handles controllable and uncontrollable loads, integrates storage devices and empowers participation as an individual power plant in the electricity market. The VPP as an energy management system (EMS) should optimally dispatch the power to its consumers. This research work is proposed to analyze the optimal scheduling of generation in VPP for the day-ahead market framework using the beetle antenna search (BAS) algorithm under various scenarios. A case study is considered for this analysis in which the constituting energy resources include a photovoltaic solar panel (PV), micro-turbine (MT), wind turbine (WT), fuel cell (FC), battery energy storage system (BESS) and controllable loads. The real-time hourly load curves are considered in this work. Three different scenarios are considered for the optimal dispatch of generation in the VPP to analyze the performance of the proposed technique. The uncertainties of the solar irradiation and the wind speed are modeled using the beta distribution method and Weibull distribution method, respectively. The performance of the proposed method is compared with other evolutionary algorithms such as particle swarm optimization (PSO) and the genetic algorithm (GA). Among these above-mentioned algorithms, the proposed BAS algorithm shows the best scheduling with the minimum operating cost of generation.

scholarly journals Digitalisation potentials in the electricity ecosystem: lesson learnt from the comparison between Germany and Denmark

2021 ◽  
Vol 4 (S2) ◽  
Author(s):  
Thorsten Hack ◽  
Zheng Ma ◽  
Bo Nørregaard Jørgensen
Keyword(s):  
Renewable Energy ◽  
Electricity Markets ◽  
Value Chain ◽  
Electricity Sector ◽  
Transport Sector ◽  
Renewable Energy Resources ◽  
Electricity Grid ◽  
The World ◽  
Market Framework ◽  
Electricity Grids

AbstractDigitalisation potentials in the electricity sector are frequently discussed around the world, especially in Europe which has the largest interconnected continental electricity grid in the world. The analysis and comparison of electricity ecosystems between countries can help to enhance international understanding and cooperation. It can also enable businesses to expand. However, little literature has covered the cross-national comparisons of digitalisation potentials in the electricity sector. This paper uses the business ecosystem architecture development methodology to identify commonalities and differences between two electricity ecosystems: Germany and Denmark. The result shows that there are many similarities between the two countries, but the roles of market framework provider, market supervision, and metering point operator are performed by different actors. By comparing the value chain segments, the main differences between Denmark and Germany are the share of renewable energy generation, the organisation of the transmission system, smart meter installation & operations, and the national electricity data hub. Based on the comparisons, six recommendations for the digitalisation of the electricity ecosystem are proposed: digitalisation for enabling more renewable energy resources for electricity generation, digitalisation in the electricity grids, digitalisation ib. the electricity markets, digitalisation on the demand side, especially the transport sector, and regulation-driven digitalisation of the electricity ecosystem.

scholarly journals DSO Flexibility Market Framework for Renewable Energy Community of Nanogrids

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3460
Author(s):  
Luca Mendicino ◽  
Daniele Menniti ◽  
Anna Pinnarelli ◽  
Nicola Sorrentino ◽  
Pasquale Vizza ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Distribution System ◽  
Transmission System ◽  
Ancillary Services ◽  
Energy Resources ◽  
Electrical System ◽  
Community Based ◽  
Market Framework ◽  
System Operator ◽  
Energy Community

With the introduction of the renewable energy communities in the current electrical market environment, it becomes possible to aggregate small generation resources and users’ loads to exchange power within the aggregation and at the same time provide services to the electrical system. The renewable energy community of users equipped with nanogrid technology allows performing an adequate level of flexibility. It may be the solution to coordinate in the best possible way the energy resources in order to increase the community self-consumption and to provide ancillary services to the grid. In this paper, a model for the interaction between the Distribution System Operator (DSO)—Transmission System Operator (TSO) and the energy community based on nanogrids is proposed and an operational example is presented.

Renewable Energy Sources

IEE Review ◽  
1991 ◽  
Vol 37 (4) ◽  
pp. 152
Author(s):  
Kenneth Spring
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Energy Sources

Renewable energy

2000 ◽  
Vol 14 (5) ◽  
pp. 244-244
Keyword(s):  
Renewable Energy

On Energy Status indicators and the role of renewableEnergy under Economic Crisis

2014 ◽  
pp. 92-105
Author(s):  
P. Bezrukikh ◽  
P. Bezrukikh (Jr.)
Keyword(s):  
Renewable Energy ◽  
World Economy ◽  
Electrical Energy ◽  
Primary Energy ◽  
Primary Energy Consumption ◽  
Energy Status ◽  
Economy Growth ◽  
The World ◽  
Production Regime

The article analyzes the dynamics of consumption of primary energy and production of electrical energy in the world for 1973-2012 and the volume of renewable energy. It is shown that in the crisis year of 20 0 9 there was a significant reduction in primary energy consumption and production of electrical energy. At the same time, renewable energy has developed rapidly, well above the rate of the world economy growth. The development of renewable energy is one of the most effective ways out of the crisis, taking into account its production regime, energy, environmental, social and economic efficiency. The forecast for the development of renewable energy for the period up to 2020, compiled by the IEA, is analyzed. It is shown that its assessment rates are conservative; the authors justify higher rates of development of renewable energy.

Overcoming stereotypes of renewable energy

2019 ◽  
pp. 124-136
Author(s):  
Victor D. Gazman
Keyword(s):  
Renewable Energy ◽  
Empirical Analysis ◽  
Energy Generation ◽  
New Paradigm ◽  
Financial Instrument ◽  
Promising Direction ◽  
Investment Projects ◽  
Power Stations ◽  
New Generation ◽  
The Impact

The article considers prerequisites for the formation of a new paradigm in the energy sector. The factors that may affect the imminent change of leadership among the energy generation are analyzed. The variability of the projects of creation and functioning of power stations is examined. The focus is made on problematic aspects of the new generation, especially, storage and supply of energy, achieving a system of parity that ensures balance in pricing generations. The author substantiates the principles of forming system of parities arising when comparing traditional and new generations. The article presents the results of an empirical analysis of the 215 projects for the construction of facilities for renewable energy. The significance and direction of the impact of these factors on the growth in investment volumes of transactions are determined. The author considers leasing as an effective financial instrument for overcoming stereotypes of renewable energy and as a promising direction for accelerated implementation of investment projects.

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