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A multi-lateral trading model for coupled gas-heat-power energy networks

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Listed:
  • Chen, Yue
  • Wei, Wei
  • Liu, Feng
  • Mei, Shengwei

Abstract

The proliferation of cogeneration technology and the need for more resilient energy utilization inspire the emerging trend of integration of multi-resource energy systems, in which natural gas, heat, and electricity are produced, delivered, converted, and distributed more efficiently and flexibly. The increasing interactions and interdependencies across heterogenous physical networks impose remarkable challenges on the operation and market organization. This paper envisions the market trading scheme in the network-coupled natural gas system, district heating system, and power system. Based on the physical energy flow models of each system and their interdependency, a multi-lateral trading gas-heat-power (MLT-GHP) model is suggested, and a mixed-integer linear programming based two-phase algorithm is developed to find the market equilibrium. Case studies on two testing systems demonstrate the effectiveness of the proposed model and method, showing that the multi-lateral trading essentially results in market competition that orientates reasonable energy prices. Some prospects for future researches are also summarized.

Suggested Citation

  • Chen, Yue & Wei, Wei & Liu, Feng & Mei, Shengwei, 2017. "A multi-lateral trading model for coupled gas-heat-power energy networks," Applied Energy, Elsevier, vol. 200(C), pages 180-191.
    • Handle: RePEc:eee:appene:v:200:y:2017:i:c:p:180-191
    DOI: 10.1016/j.apenergy.2017.05.060
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    Cited by:

    1. Vogt, Mike & Marten, Frank & Braun, Martin, 2018. "A survey and statistical analysis of smart grid co-simulations," Applied Energy, Elsevier, vol. 222(C), pages 67-78.
    2. Oduro, Richard A. & Taylor, Peter G., 2023. "Future pathways for energy networks: A review of international experiences in high income countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 171(C).
    3. Herbes, Carsten & Halbherr, Verena & Braun, Lorenz, 2018. "Factors influencing prices for heat from biogas plants," Applied Energy, Elsevier, vol. 221(C), pages 308-318.
    4. Zhu, Jizhong & Dong, Hanjiang & Zheng, Weiye & Li, Shenglin & Huang, Yanting & Xi, Lei, 2022. "Review and prospect of data-driven techniques for load forecasting in integrated energy systems," Applied Energy, Elsevier, vol. 321(C).
    5. Lu, Tianguang & Ai, Qian & Wang, Zhaoyu, 2018. "Interactive game vector: A stochastic operation-based pricing mechanism for smart energy systems with coupled-microgrids," Applied Energy, Elsevier, vol. 212(C), pages 1462-1475.
    6. Zhang, Ning & Choi, Yongrok & Wang, Wei, 2019. "Does energy research funding work? Evidence from the Natural Science Foundation of China using TEI@I method," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 369-380.
    7. Wang, Can & Yan, Chao & Li, Gengfeng & Liu, Shiyu & Bie, Zhaohong, 2020. "Risk assessment of integrated electricity and heat system with independent energy operators based on Stackelberg game," Energy, Elsevier, vol. 198(C).
    8. Guan, Aobo & Zhou, Suyang & Gu, Wei & Liu, Zhong & Liu, Hengmen, 2022. "A novel dynamic simulation approach for Gas-Heat-Electric coupled system," Applied Energy, Elsevier, vol. 315(C).
    9. Jingjing Zhai & Xiaobei Wu & Zihao Li & Shaojie Zhu & Bo Yang & Haoming Liu, 2021. "Day-Ahead and Intra-Day Collaborative Optimized Operation among Multiple Energy Stations," Energies, MDPI, vol. 14(4), pages 1-33, February.
    10. Dranka, Géremi Gilson & Ferreira, Paula & Vaz, A. Ismael F., 2021. "A review of co-optimization approaches for operational and planning problems in the energy sector," Applied Energy, Elsevier, vol. 304(C).
    11. Chen, Yue & Wei, Wei & Liu, Feng & Shafie-khah, Miadreza & Mei, Shengwei & Catalão, João P.S., 2018. "Optimal contracts of energy mix in a retail market under asymmetric information," Energy, Elsevier, vol. 165(PB), pages 634-650.
    12. Chen, Yue & Wei, Wei & Liu, Feng & Wu, Qiuwei & Mei, Shengwei, 2018. "Analyzing and validating the economic efficiency of managing a cluster of energy hubs in multi-carrier energy systems," Applied Energy, Elsevier, vol. 230(C), pages 403-416.
    13. Martín, Mariano & Grossmann, Ignacio E., 2018. "Optimal integration of renewable based processes for fuels and power production: Spain case study," Applied Energy, Elsevier, vol. 213(C), pages 595-610.
    14. Anees, Amir & Dillon, Tharam & Chen, Yi-Ping Phoebe, 2019. "A novel decision strategy for a bilateral energy contract," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    15. Huang, Gang & Wang, Jianhui & Wang, Cheng & Guo, Chuangxin, 2021. "Cascading imbalance in coupled gas-electric energy systems," Energy, Elsevier, vol. 231(C).
    16. Shu, Kangan & Ai, Xiaomeng & Fang, Jiakun & Yao, Wei & Chen, Zhe & He, Haibo & Wen, Jinyu, 2019. "Real-time subsidy based robust scheduling of the integrated power and gas system," Applied Energy, Elsevier, vol. 236(C), pages 1158-1167.

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