IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v159y2020icp1117-1127.html
   My bibliography  Save this article

Cournot oligopoly game-based local energy trading considering renewable energy uncertainty costs

Author

Listed:
  • Zhang, Yajun
  • Gu, Chenghong
  • Yan, Xiaohe
  • Li, Furong

Abstract

Facilitated by advanced information and communication technologies (ICTs), local energy trading develops rapidly, playing an important role in the energy supply chain. Thus, it is essential to develop local trading models and strategies that can benefit participants, not only stimulating local balancing but also promoting renewable penetration.

Suggested Citation

  • Zhang, Yajun & Gu, Chenghong & Yan, Xiaohe & Li, Furong, 2020. "Cournot oligopoly game-based local energy trading considering renewable energy uncertainty costs," Renewable Energy, Elsevier, vol. 159(C), pages 1117-1127.
    • Handle: RePEc:eee:renene:v:159:y:2020:i:c:p:1117-1127
    DOI: 10.1016/j.renene.2020.06.066
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148120309769
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2020.06.066?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lund, Henrik & Munster, Ebbe, 2006. "Integrated energy systems and local energy markets," Energy Policy, Elsevier, vol. 34(10), pages 1152-1160, July.
    2. Shin, Joohyun & Lee, Jay H. & Realff, Matthew J., 2017. "Operational planning and optimal sizing of microgrid considering multi-scale wind uncertainty," Applied Energy, Elsevier, vol. 195(C), pages 616-633.
    3. Shabanzadeh, Morteza & Sheikh-El-Eslami, Mohammad-Kazem & Haghifam, Mahmoud-Reza, 2016. "A medium-term coalition-forming model of heterogeneous DERs for a commercial virtual power plant," Applied Energy, Elsevier, vol. 169(C), pages 663-681.
    4. Mashayekh, Salman & Stadler, Michael & Cardoso, Gonçalo & Heleno, Miguel, 2017. "A mixed integer linear programming approach for optimal DER portfolio, sizing, and placement in multi-energy microgrids," Applied Energy, Elsevier, vol. 187(C), pages 154-168.
    5. Babacan, Oytun & Ratnam, Elizabeth L. & Disfani, Vahid R. & Kleissl, Jan, 2017. "Distributed energy storage system scheduling considering tariff structure, energy arbitrage and solar PV penetration," Applied Energy, Elsevier, vol. 205(C), pages 1384-1393.
    6. Shang, Duo (Rick) & Sun, Guodong, 2016. "Electricity-price arbitrage with plug-in hybrid electric vehicle: Gain or loss?," Energy Policy, Elsevier, vol. 95(C), pages 402-410.
    7. Zhang, Qi & Wang, Ge & Li, Yan & Li, Hailong & McLellan, Benjamin & Chen, Siyuan, 2018. "Substitution effect of renewable portfolio standards and renewable energy certificate trading for feed-in tariff," Applied Energy, Elsevier, vol. 227(C), pages 426-435.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Petcharat, Thanatchaphan & Jattamart, Aungkana & Leelasantitham, Adisorn, 2023. "A conceptual model to imply a negative innovation assessment framework on consumer behaviors through the electronic business platforms," Journal of Retailing and Consumer Services, Elsevier, vol. 74(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Qiu, Jing & Zhao, Junhua & Yang, Hongming & Wang, Dongxiao & Dong, Zhao Yang, 2018. "Planning of solar photovoltaics, battery energy storage system and gas micro turbine for coupled micro energy grids," Applied Energy, Elsevier, vol. 219(C), pages 361-369.
    2. Mavromatidis, Georgios & Orehounig, Kristina & Carmeliet, Jan, 2018. "Design of distributed energy systems under uncertainty: A two-stage stochastic programming approach," Applied Energy, Elsevier, vol. 222(C), pages 932-950.
    3. Amir, Vahid & Azimian, Mahdi, 2020. "Dynamic Multi-Carrier Microgrid Deployment Under Uncertainty," Applied Energy, Elsevier, vol. 260(C).
    4. Shang, Nan & Ye, Chengjin & Ding, Yi & Tu, Teng & Huo, Baofeng, 2019. "Risk-based optimal power portfolio methodology for generation companies considering cross-region generation right trade," Applied Energy, Elsevier, vol. 254(C).
    5. Mohseni, Soheil & Khalid, Roomana & Brent, Alan C., 2023. "Stochastic, resilience-oriented optimal sizing of off-grid microgrids considering EV-charging demand response: An efficiency comparison of state-of-the-art metaheuristics," Applied Energy, Elsevier, vol. 341(C).
    6. Bracco, Stefano & Delfino, Federico & Ferro, Giulio & Pagnini, Luisa & Robba, Michela & Rossi, Mansueto, 2018. "Energy planning of sustainable districts: Towards the exploitation of small size intermittent renewables in urban areas," Applied Energy, Elsevier, vol. 228(C), pages 2288-2297.
    7. Liu, Zifa & Chen, Yixiao & Zhuo, Ranqun & Jia, Hongjie, 2018. "Energy storage capacity optimization for autonomy microgrid considering CHP and EV scheduling," Applied Energy, Elsevier, vol. 210(C), pages 1113-1125.
    8. Soheil Mohseni & Alan C. Brent, 2022. "A Metaheuristic-Based Micro-Grid Sizing Model with Integrated Arbitrage-Aware Multi-Day Battery Dispatching," Sustainability, MDPI, vol. 14(19), pages 1-24, October.
    9. Eid, Cherrelle & Codani, Paul & Perez, Yannick & Reneses, Javier & Hakvoort, Rudi, 2016. "Managing electric flexibility from Distributed Energy Resources: A review of incentives for market design," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 237-247.
    10. Grover-Silva, Etta & Heleno, Miguel & Mashayekh, Salman & Cardoso, Gonçalo & Girard, Robin & Kariniotakis, George, 2018. "A stochastic optimal power flow for scheduling flexible resources in microgrids operation," Applied Energy, Elsevier, vol. 229(C), pages 201-208.
    11. Shang, Duo (Rick), 2017. "Pricing of emergency dynamic microgrid power service for distribution resilience enhancement," Energy Policy, Elsevier, vol. 111(C), pages 321-335.
    12. Rakshith Subramanya & Matti Yli-Ojanperä & Seppo Sierla & Taneli Hölttä & Jori Valtakari & Valeriy Vyatkin, 2021. "A Virtual Power Plant Solution for Aggregating Photovoltaic Systems and Other Distributed Energy Resources for Northern European Primary Frequency Reserves," Energies, MDPI, vol. 14(5), pages 1-23, February.
    13. Justo, Jackson John & Mwasilu, Francis & Jung, Jin-Woo, 2015. "Doubly-fed induction generator based wind turbines: A comprehensive review of fault ride-through strategies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 447-467.
    14. Àlex Alonso & Jordi de la Hoz & Helena Martín & Sergio Coronas & Pep Salas & José Matas, 2020. "A Comprehensive Model for the Design of a Microgrid under Regulatory Constraints Using Synthetical Data Generation and Stochastic Optimization," Energies, MDPI, vol. 13(21), pages 1-26, October.
    15. Beuse, Martin & Dirksmeier, Mathias & Steffen, Bjarne & Schmidt, Tobias S., 2020. "Profitability of commercial and industrial photovoltaics and battery projects in South-East-Asia," Applied Energy, Elsevier, vol. 271(C).
    16. Woo, JongRoul & Moon, Sungho & Choi, Hyunhong, 2022. "Economic value and acceptability of advanced solar power systems for multi-unit residential buildings: The case of South Korea," Applied Energy, Elsevier, vol. 324(C).
    17. Bruglieri, Maurizio & Liberti, Leo, 2008. "Optimal running and planning of a biomass-based energy production process," Energy Policy, Elsevier, vol. 36(7), pages 2430-2438, July.
    18. Fan, Zhi-Ping & Cai, Siqin & Guo, Dongliang & Xu, Bo, 2022. "Facing the uncertainty of renewable energy production: Production decisions of a power plant with different risk attitudes," Renewable Energy, Elsevier, vol. 199(C), pages 1237-1247.
    19. Silverman, Rochelle E. & Flores, Robert J. & Brouwer, Jack, 2020. "Energy and economic assessment of distributed renewable gas and electricity generation in a small disadvantaged urban community," Applied Energy, Elsevier, vol. 280(C).
    20. Zheng, Jinfu & Zhou, Zhigang & Zhao, Jianing & Wang, Jinda, 2018. "Integrated heat and power dispatch truly utilizing thermal inertia of district heating network for wind power integration," Applied Energy, Elsevier, vol. 211(C), pages 865-874.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:159:y:2020:i:c:p:1117-1127. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.