On Security-Constrained Bidding of Shared Transportation Hubs for Renewable Fuels and Refined Oil Participating Within Energy, Regulation and Pipeline Logistics Markets

This paper investigates the security-constrained bidding strategy of the emerging shared transportation hubs for renewable fuels and refined oil (STH-RRs) participating within energy, regulation and pipeline logistics markets. Firstly, to excavate more flexible capability for the power system as well as to increase the revenue of the STH-RR operation company, the model for STH-RR participating in regulation market is established. Secondly, the security-constrained two-stage bidding model is first proposed for STH-RRs to balance the revenue across energy, regulation and pipeline logistics markets. Particularly, to guarantee secure operation of STH-RRs and meet the delivery demand, the rigorous multi-product transportation constraints are considered in both stages. Case studies based on the modified real-world multi-product pipelines in South China validate the proposed method, with the revenue and turnover increase of 14% and 4.7%, respectively, compared with conventional methods.