Peer-to-Peer Joint Electricity and Carbon Trading Based on Carbon-Aware Distribution Locational Marginal Pricing

Lu, Zelong; Bai, Linquan; Wang, Jianxue; Wei, Jingdong; Xiao, Yanfeng; Chen, Yang

doi:10.1109/tpwrs.2022.3167780

Cited by 75 publications

(8 citation statements)

References 42 publications

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“…Because of the insufficient regulating capacity of the power supply unit of the new power system, it is necessary to dispatch the NUPG load to deal with the faults (Yang Q. M. et al, 2022). Facing the MUPG control objectives and tasks, it is necessary to study the internal and external fault handling technology based on load resources, develop the system's load control schedule, handle the internal faults of NUPG, and actively support the large grid faults (Chen et al, 2023), as shown in Figure 8.…”

Section: Internal and External Fault Handling Technology Based On Loadmentioning

confidence: 99%

Planning and Operation Strategies for Enhancing Power System Flexibility in Low-Carbon Energy Transition

2024

Frontiers Research Topics

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Frontiers is more than just an open access publisher of scholarly articles: it is a pioneering approach to the world of academia, radically improving the way scholarly research is managed. The grand vision of Frontiers is a world where all people have an equal opportunity to seek, share and generate knowledge. Frontiers provides immediate and permanent online open access to all its publications, but this alone is not enough to realize our grand goals. Frontiers journal seriesThe Frontiers journal series is a multi-tier and interdisciplinary set of openaccess, online journals, promising a paradigm shift from the current review, selection and dissemination processes in academic publishing. All Frontiers journals are driven by researchers for researchers; therefore, they constitute a service to the scholarly community. At the same time, the Frontiers journal series operates on a revolutionary invention, the tiered publishing system, initially addressing specific communities of scholars, and gradually climbing up to broader public understanding, thus serving the interests of the lay society, too. Dedication to qualityEach Frontiers article is a landmark of the highest quality, thanks to genuinely collaborative interactions between authors and review editors, who include some of the world's best academicians. Research must be certified by peers before entering a stream of knowledge that may eventually reach the public -and shape society; therefore, Frontiers only applies the most rigorous and unbiased reviews. Frontiers revolutionizes research publishing by freely delivering the most outstanding research, evaluated with no bias from both the academic and social point of view. By applying the most advanced information technologies, Frontiers is catapulting scholarly publishing into a new generation. What are Frontiers Research Topics?Frontiers Research Topics are very popular trademarks of the Frontiers journals series: they are collections of at least ten articles, all centered on a particular subject. With their unique mix of varied contributions from Original Research to Review Articles, Frontiers Research Topics unify the most influential researchers, the latest key findings and historical advances in a hot research area.

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Section: Internal and External Fault Handling Technology Based On Loadmentioning

confidence: 99%

Planning and Operation Strategies for Enhancing Power System Flexibility in Low-Carbon Energy Transition

2024

Frontiers Research Topics

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“…However, as indicated by some previous studies [13][14][15], the role of the DSO extends to assessing whether network constraints are violated during P2P energy transactions. Moreover, once energy exchanges begin between sellers and buyers, the DSO is tasked with determining distribution locational marginal prices (DLMPs) for all buses in the distribution system, establishing buying and selling prices for the energy imported from and exported to the distribution system [16][17][18][19]. For instance, Morstyn et al [16] proposed a novel strategy for day-ahead DLMPs, considering uncertainties related to local generation, demand, and upstream prices via the incorporation of a spread between imported and exported energy prices.…”

Section: Dlmps Mtp and Nucs In P2p Energy Marketsmentioning

confidence: 99%

“…Utilizing a different approach, Mohammadi et al [18] computed the probability density function of DLMPs, highlighting the growing importance of the DSO seeking lower-risk solutions from distributed energy resources. Lastly, Lu et al [19] proposed a decomposable carbon-aware DLMP-based DSO operation service pricing scheme to achieve secure and low-carbon network operation.…”

Section: Dlmps Mtp and Nucs In P2p Energy Marketsmentioning

confidence: 99%

Optimizing Peer-to-Peer Energy Transactions: Determining the Allowable Maximum Trading Power for Participants

Angaphiwatchawal,

Chaitusaney

2024

Energies

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This paper presents a comprehensive study on the impacts of peer-to-peer (P2P) energy markets on distribution systems, specifically focusing on voltage, power loss, and congestion. While P2P energy markets create opportunities for direct trading between prosumers and consumers, ensuring compliance with distribution system constraints remains a challenge. This paper proposes an iterative method and graphical interpretation in order to assess complex interactions, addressing the persistent issue of network constraints. Additionally, this paper proposes a method to determine distribution locational marginal prices (DLMPs) for real-time traditional energy markets. This ensures effective coordination among sellers, buyers, and the distribution system operator. The proposed method aims to prevent negative impacts on distribution system operation via the determination of the allowable maximum trading power (MTP), ensuring empirical validity and practical implementation via operating conditions and forecast errors, thus distinguishing it from prior studies. This paper also establishes a model for P2P energy market interactions, utilizing linear estimations for efficient DLMP updates. The contributions of this paper enhance the understanding and operation of P2P energy markets, and is supported by simulation results validating the proposed method.

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“…Similar work is conducted by a robust optimization method [55] . Lu et al analyze the impact of incorporating capacity tariffs in DLMPs on participants' behaviors [56] . A carbon-aware DLMP that incorporates emission costs is proposed to enable joint trading of energy and carbon [57] .…”

Section: Novel Trading Productsmentioning

confidence: 99%

The competition and equilibrium in power markets under decarbonization and decentralization

Chen

Fang

Guo

et al. 2022

iEnergy

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Equilibrium analysis has been widely studied as an effective tool to model gaming interactions and predict market results. However, as competition modes are fundamentally changed by the decarbonization and decentralization of power systems, analysis techniques must evolve. This article comprehensively reviews recent developments in modelling methods, practical settings and solution techniques in equilibrium analysis. Firstly, we review equilibrium in the evolving wholesale power markets which feature new entrants, novel trading products and multi-stage clearing. Secondly, the competition modes in the emerging distribution market and distributed resource aggregation are reviewed, and we compare peer-to-peer clearing, cooperative games and Stackelberg games. Furthermore, we summarize the methods to treat various information acquisition degrees, risk preferences and rationalities of market participants. To deal with increasingly complex market settings, this review also covers refined analytical techniques and agent-based models used to compute the equilibrium. Finally, based on this review, this paper summarizes key issues in the gaming and equilibrium analysis in power markets under decarbonization and decentralization.

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Peer-to-Peer Joint Electricity and Carbon Trading Based on Carbon-Aware Distribution Locational Marginal Pricing

Cited by 75 publications

References 42 publications

Planning and Operation Strategies for Enhancing Power System Flexibility in Low-Carbon Energy Transition

Planning and Operation Strategies for Enhancing Power System Flexibility in Low-Carbon Energy Transition

Optimizing Peer-to-Peer Energy Transactions: Determining the Allowable Maximum Trading Power for Participants

The competition and equilibrium in power markets under decarbonization and decentralization

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