Risk-averse market clearing for coupled electricity, natural gas and district heating system
Multiple energy carriers can be coupled as an Integrated Energy System (IES) through interconnection technologies. Unexpected risks will be transferred with the growing coupling of energy systems, mainly stemming from the uncertainties in different energy sectors. It is imperative to coordinate the...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
China electric power research institute
2019-06-01
|
| Series: | CSEE Journal of Power and Energy Systems |
| Online Access: | https://ieeexplore.ieee.org/document/8735427 |
| _version_ | 1828406219304337408 |
|---|---|
| author | Haibing Wang Chengmin Wang Muhammad Qasim Khan Gengwu Zhang Ning Xie |
| author_facet | Haibing Wang Chengmin Wang Muhammad Qasim Khan Gengwu Zhang Ning Xie |
| author_sort | Haibing Wang |
| collection | DOAJ |
| description | Multiple energy carriers can be coupled as an Integrated Energy System (IES) through interconnection technologies. Unexpected risks will be transferred with the growing coupling of energy systems, mainly stemming from the uncertainties in different energy sectors. It is imperative to coordinate the operation of different energy systems to improve energy efficiency and ensure energy security. With the close integration of different energy systems, it is necessary to couple these different energy markets to achieve the holistic energy supply economy. On the other hand, uncertainties in the energy systems will bring the financial risk for the operator of IES. A risk-averse stochastic market clearing model for the IES is proposed to study the operating strategy aiming at minimizing the operation cost. While the financial risk imposed by the wind power uncertainties is restricted to a predefined level. Simulations results are provided to verify that the proposed model can improve market efficiency and handle the trade-off between cost and risk. |
| first_indexed | 2024-12-10T11:07:39Z |
| format | Article |
| id | doaj.art-5e040485ced646328832381447eb1db8 |
| institution | Directory Open Access Journal |
| issn | 2096-0042 2096-0042 |
| language | English |
| last_indexed | 2024-12-10T11:07:39Z |
| publishDate | 2019-06-01 |
| publisher | China electric power research institute |
| record_format | Article |
| series | CSEE Journal of Power and Energy Systems |
| spelling | doaj.art-5e040485ced646328832381447eb1db82022-12-22T01:51:30ZengChina electric power research instituteCSEE Journal of Power and Energy Systems2096-00422096-00422019-06-015224024810.17775/CSEEJPES.2019.00280Risk-averse market clearing for coupled electricity, natural gas and district heating systemHaibing Wang0Chengmin Wang1Muhammad Qasim Khan2Gengwu Zhang3Ning Xie4Department of Electrical Engineering, Shanghai Jiao Tong University, Shanghai 200240, ChinaDepartment of Electrical Engineering, Shanghai Jiao Tong University, Shanghai 200240, ChinaDepartment of Electrical Engineering, Shanghai Jiao Tong University, Shanghai 200240, ChinaDepartment of Electrical Engineering, Shanghai Jiao Tong University, Shanghai 200240, ChinaDepartment of Electrical Engineering, Shanghai Jiao Tong University, Shanghai 200240, ChinaMultiple energy carriers can be coupled as an Integrated Energy System (IES) through interconnection technologies. Unexpected risks will be transferred with the growing coupling of energy systems, mainly stemming from the uncertainties in different energy sectors. It is imperative to coordinate the operation of different energy systems to improve energy efficiency and ensure energy security. With the close integration of different energy systems, it is necessary to couple these different energy markets to achieve the holistic energy supply economy. On the other hand, uncertainties in the energy systems will bring the financial risk for the operator of IES. A risk-averse stochastic market clearing model for the IES is proposed to study the operating strategy aiming at minimizing the operation cost. While the financial risk imposed by the wind power uncertainties is restricted to a predefined level. Simulations results are provided to verify that the proposed model can improve market efficiency and handle the trade-off between cost and risk.https://ieeexplore.ieee.org/document/8735427 |
| spellingShingle | Haibing Wang Chengmin Wang Muhammad Qasim Khan Gengwu Zhang Ning Xie Risk-averse market clearing for coupled electricity, natural gas and district heating system CSEE Journal of Power and Energy Systems |
| title | Risk-averse market clearing for coupled electricity, natural gas and district heating system |
| title_full | Risk-averse market clearing for coupled electricity, natural gas and district heating system |
| title_fullStr | Risk-averse market clearing for coupled electricity, natural gas and district heating system |
| title_full_unstemmed | Risk-averse market clearing for coupled electricity, natural gas and district heating system |
| title_short | Risk-averse market clearing for coupled electricity, natural gas and district heating system |
| title_sort | risk averse market clearing for coupled electricity natural gas and district heating system |
| url | https://ieeexplore.ieee.org/document/8735427 |
| work_keys_str_mv | AT haibingwang riskaversemarketclearingforcoupledelectricitynaturalgasanddistrictheatingsystem AT chengminwang riskaversemarketclearingforcoupledelectricitynaturalgasanddistrictheatingsystem AT muhammadqasimkhan riskaversemarketclearingforcoupledelectricitynaturalgasanddistrictheatingsystem AT gengwuzhang riskaversemarketclearingforcoupledelectricitynaturalgasanddistrictheatingsystem AT ningxie riskaversemarketclearingforcoupledelectricitynaturalgasanddistrictheatingsystem |