This paper presents a household battery charging and discharging game for a power supply-demand regulation in a peer-to-peer energy sharing, operating in the day-ahead electricity market. The problem is formulated as a noncooperative Nash equilibrium game where the households are considered selfish but rational players whose objectives are to optimize their individual battery state of charge and energy cost. The application of the proposed model to a practical case study of three households shows the potential of the households to regulate the electricity in the smart grid and save their energy costs. Households 1, 2 and 3 operating in the proposed model saved energy costs of up to 59.8%, 58.8% and 58.9%, respectively compared to them operating in a strictly real-time electricity market and household 1, 2 and 3 also had savings of up to 10%, 3.8% and 8.4%, respectively compared to them operating in a strictly day-ahead electricity market.
As a high-efficiency and low-carbon energy supply mode, district energy systems (DESs) have gained rapid development recently. This paper proposes a framework for energy trading among DESs, with the aim of exploiting the synergies and complementary advantages of various energy demand profiles in DESs. Blockchain technology is utilized to facilitate energy trading. The distributed algorithm based stochastic decision-making process is developed to determine the energy trading, including the transaction quantities and prices. A chance-constrained programming model is developed for dealing with the uncertainties. The illustration of the technique is provided based on a test system.
The integrated energy system is considered to beintroduced in buildings, which proposes a new effectiveapproach to improve energy structure in urban areas.The optimal design problem of building integratedenergy system is normally presented as mixed-integernonlinear programming model with deterministic anduncertainty parameters. Moreover, the uncertaintyproblem results in a more complex problem at a highcomputational cost. In present work, a two-stage multi-objective stochastic programming model underuncertainty is presented. The proposed model dependson clustering method to create different scenarios interms of solar radiation, wind speed and energy demand.In addition, the MINLP models of building integratedenergy system with stochastic scenarios anddeterministic scenarios is investigated to conduct trade-off Pareto optimization with cost-optimal andenvironment-optimal. The results indicate that thedeterministic programming model underestimates thecost and carbon emission of building integrated energysystem, while the result of stochastic programmingmodel is closer to the realistic design.
In CO2 reforming of methane solar thermochemical energy storage, the endothermic methane reforming with CO2 reaction is utilized to absorb solar energy. Although a lot of research has been done to enhance the thermochemical performance of the solar driven CO2 reforming of methane reactor, there is little research conducted investigating the geometrical effect of reactor on the reactor thermochemical performance. Moreover, the catalyst cost is anticipated to be large. Minimizing the required catalyst volume is the key to reduce the capital cost of the CO2 reforming of methane solar thermochemical energy storage system. But there is not much research investigating the geometrical effect on the catalyst volume. In this paper, a pseudohomogeneous computational model is used to simulate methane reforming with CO2 reaction in a tubular packed bed reactor. A parametric study is performed to investigate the geometrical effects of reactor on the reactor performance. The results show that methane conversion as well as outlet gas temperature increase with reactor diameter and/or reactor length increasing while the energy efficiency decreases with reactor diameter and/or reactor length increasing. There is a trade-off between increasing methane conversion and decreasing energy efficiency. As the required catalyst volume increases with reactor size increasing, there is a trade-off between increasing methane conversion and increasing catalyst volume. Another parametric study has been conducted to study the effects of reactor geometries on the required catalyst volume. The results show that the required catalyst volume can be saved by decreasing the reactor diameter due to enhanced heat transfer.
This paper proposes an investment model to analyze the economic feasibility of WtE projects in the Philippines. Applying the real options approach (ROA) under uncertainty, we compare the option values of investing in WtE technologies over continue dumping waste into the landfill. The optimization results find that incineration is the best option followed by gasification and pyrolysis considering the energy production, investment costs, and emission rates. At the current price of electricity, it is more optimal to postpone investment in pyrolysis, otherwise, the tipping should be increased to make pyrolysis a more viable option than continue the landfill. On the other hand, it is a more optimal decision to invest immediately in either incineration or gasification as waiting to invest incurs opportunity losses from generating electricity from these technologies. The paper suggests that the government must support WtE program as it will significantly contribute in solving the problems of the environment, particularly air quality, waste management, and energy security and sustainability.
In order to address the various challenges and well utilize the opportunities brought by the increasing penetration of distributed energy resources at the demand side of power systems, a new paradigm, peerto-peer (P2P) energy trading, has emerged in recent years, where prosumers and consumers are able to directly trade energy with each other. Besides the inherent potential benefits such as facilitating local power and energy balancing, a P2P energy trading community as a whole also has the potential to provide ancillary services to power systems to create additional value. In this paper, a price-based mechanism was proposed, in which the customers of a P2P energy trading community can further respond to the price signals issued by power utilities to provide ancillary services such as demand reduction and generation curtailment. A continuous double auction with a residual balancing mechanism was proposed as the P2P energy trading mechanism. Simulation results verify that the proposed mechanisms are able to increase the social welfare of the whole P2P energy trading community without compromising any individual’s interests, and at the same time incentivize customers to provide ancillary services to power utilities.
Most of studies quantified the energy technology cost of integrated urban energy systems by calculating the levelized cost of energy (LCOE), but few analyze the contribution that an individual technology can bring to whole complex systems. This study introduces a generalized “system value” approach to quantify the contribution of each individual technology to the whole system as a function of the individual’s installed capacity. A generalized urban energy system optimal design model is formulated by Mixed Integer Linear Programming (MILP). An illustrative case study is conducted to explore the system values of different urban energy technologies. The results indicate that combined heating and power (CHP) presents the largest system value among all technologies. Heating/cooling supply technologies tend to provide lower system values compared to other electricity supply technologies due to the offset effect from adoption of energy saving strategies. Additionally, an individual technology’s system value varies with different penetration levels of that technology. Overall, this study presents a formulized method to assess the contribution of an individual technology from a systemic perspective, and aims to provide a new standpoint for decision-makers (instead of LCOE) for evaluating new technologies’ integrations to complex systems.
Solid oxide fuel cell (SOFC) was integrated with internal combustion engine (ICE) due to its high operating temperature for improving the energy conversion efficiency in this work. In the SOFC-ICE hybrid energy conversion system, the SOFC anode off-gas with high temperature and combustible fuels is used as the ICE fuel for additional power generation. To evaluate the thermo-economic performance, the thermo-economic model of the hybrid system is developed for the economic analysis. The results showed that the specific electric energy cost (SEEC) of the hybrid system is 3.75 ￠/kWh, which is lower than that of a standard power plant. Through the further analysis, the capital investment cost of the system with the net output power of 470 kW is 50.5 k$, which includes the capital cost of auxiliary devices such as heat exchanger and compressors. In addition, the SOFC accounts for about 35% of the system’s capital cost. The annual cost of the system under the cycle life of 10 years is calculated to be approximately 15.6 k$. Moreover, the influence of operating parameters on thermo-economic performance of the hybrid system is also investigated to optimize the thermo-economic performance. Finally, the corresponding payback period of this system is approximately 6.8 years and the annual return on investment is 4.6%. These results reveal that the proposed NG-fueled SOFC-HCCI engine hybrid system presents a broad market prospect in the practical applications.
Based on the high-potential 5G network and ubiquitous power Internet of things, the concept of smart energy has been proposed to solve the problem of optimal utilization of the power system’s generation, transmission, distribution, consumption, and the related services. Therefore, innovation and reformation will be doomed and embraced by smart energy in China’s energy system, which includes technological progress and system mechanism reform. In the meanwhile, new solutions and challenges would be provided by smart energy for the State Grid Corporation of China’s business model. Focused on the analysis of smart energy marketing strategy and profit model, this paper lists the business model and scenarios under the developing tendency of smart energy and provides a detailed sorting and analysis for the smart operation and management of user service and ecological platform. This article aims to analyze the value of smart energy and provides possible business model choices for integrated energy suppliers.
Faced with ever-increasing environmental pollution and public concerns about energy security, urban energy systems (UESs) need to be constructed to improve the efficiency and reliability of energy utilization. However, due to significant impacts of extreme weather on the operation of UESs, it is important to develop a model to evaluate the resilience of UESs. In this paper, a synthetic model is proposed to quantify the impacts of windstorms on the resilience of UESs. Firstly, the optimization model of UESs under contingency states is developed to determine the generation re-dispatch and load shedding. Moreover, considering the effects of high winds, the line fragility model is utilized to calculate the unavailability of power lines according to the surrounding wind speeds. On the basis, the simulation framework for the resilience evaluation of UESs is developed utilizing Monte Carlo Simulation (MCS) technique to quantify the impacts of high winds on the UESs. Finally, the proposed methods are validated using the urban energy test systems.