Research on Modeling the Cleaning of Electricity Spot Market by Coordinating the Benefit Improvement of All Parties in the Power System

The participation of renewable energy in the clearing of the electricity spot market requires consideration of demand side response and coordination between energy storage. To ensure the improvement of market benefits among multiple entities, optimization research should be conducted on the traditional clearing strategy of the electricity spot market. Considering the benefits of all parties involved in the clearing stage, incorporating the adjustment needs of different peak valley differences in the power grid into the bidding process, and proposing a spot trading system that considers the allocation of income from the generation, network, load and storage side; To ensure low-carbon operation of the system, carbon emission trading on the energy supply side is considered, and an optimization model for electricity spot market clearing based on the coordination of benefits among the energy supply side, energy storage side, power grid side, and demand side is established. The effectiveness and superiority of the proposed model are verified through numerical simulation analysis.

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Publication Details

Published
2024-10-18
DOI
https://doi.org/10.1109/icpea63589.2024.10784569
Citations
1
Primary Topic
Smart Grid and Power Systems
Type
article
Field-Weighted Citation Impact
0.21
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article

Research on Modeling the Cleaning of Electricity Spot Market by Coordinating the Benefit Improvement of All Parties in the Power System

Xiaoyu Duan
1 citations
Smart Grid and Power Systems
0.21
article

Research on Modeling the Cleaning of Electricity Spot Market by Coordinating the Benefit Improvement of All Parties in the Power System

Xiaoyu Duan
article en
1 citations

Abstract

The participation of renewable energy in the clearing of the electricity spot market requires consideration of demand side response and coordination between energy storage. To ensure the improvement of market benefits among multiple entities, optimization research should be conducted on the traditional clearing strategy of the electricity spot market. Considering the benefits of all parties involved in the clearing stage, incorporating the adjustment needs of different peak valley differences in the power grid into the bidding process, and proposing a spot trading system that considers the allocation of income from the generation, network, load and storage side; To ensure low-carbon operation of the system, carbon emission trading on the energy supply side is considered, and an optimization model for electricity spot market clearing based on the coordination of benefits among the energy supply side, energy storage side, power grid side, and demand side is established. The effectiveness and superiority of the proposed model are verified through numerical simulation analysis.

Nanjing University of Aeronautics and Astronautics (CN)
Industry, innovation and infrastructure
Openalex Percentile: Top 45%
Smart Grid and Power Systems
0.21
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Research on Modeling the Cleaning of Electricity Spot Market by Coordinating the Benefit Improvement of All Parties in the Power System — Xiaoyu Duan · (2024) | TGRS Research Map | TGRS