Multi-agent interaction of source, load and storage to realize peak shaving and valley filling under the guidance of the market mechanism

In the construction of new power system, traditional methods and capabilities for regulating the power grid are no longer applicable due to the increasing types and quantities of source, load and storage agents. Currently, research on the participation of these agents in the electricity market has m...

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Main Authors: Chunhui Wang, Zhigang Wu, Zihui Lin, Jianing Liu
Format: Article
Language:English
Published: Frontiers Media S.A. 2023-05-01
Series:Frontiers in Energy Research
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fenrg.2023.1192587/full
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author Chunhui Wang
Zhigang Wu
Zihui Lin
Jianing Liu
author_facet Chunhui Wang
Zhigang Wu
Zihui Lin
Jianing Liu
author_sort Chunhui Wang
collection DOAJ
description In the construction of new power system, traditional methods and capabilities for regulating the power grid are no longer applicable due to the increasing types and quantities of source, load and storage agents. Currently, research on the participation of these agents in the electricity market has mainly focused on either traditional power systems or the demand side, without exploring the potential interaction between them. To address this issue, this paper proposes a real-time pricing regulation mechanism that incorporates source, load and storage agents into regulation. This mechanism is suitable for new power systems and satisfies the interests of the agents while meeting the needs of grid regulation. Specifically, it is based on time-of-use and real-time pricing regulation mechanisms. In a simulated scenario of load shifting, the proposed pricing regulation mechanism effectively meets the grid regulation requirements and improves the stability of grid operation. Overall, this approach offers a promising solution for the regulation of new power system with diverse and complex agents.
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spelling doaj.art-dec9ae8027874b278986f4cf56b82b6d2023-05-25T04:12:52ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2023-05-011110.3389/fenrg.2023.11925871192587Multi-agent interaction of source, load and storage to realize peak shaving and valley filling under the guidance of the market mechanismChunhui Wang0Zhigang Wu1Zihui Lin2Jianing Liu3School of Electric Power, South China University of Technology, Guangzhou, ChinaSchool of Electric Power, South China University of Technology, Guangzhou, ChinaSchool of Electric Power, South China University of Technology, Guangzhou, ChinaPower Dispatching Control Center of Guangdong Power Grid Co., LTD., Guangzhou, ChinaIn the construction of new power system, traditional methods and capabilities for regulating the power grid are no longer applicable due to the increasing types and quantities of source, load and storage agents. Currently, research on the participation of these agents in the electricity market has mainly focused on either traditional power systems or the demand side, without exploring the potential interaction between them. To address this issue, this paper proposes a real-time pricing regulation mechanism that incorporates source, load and storage agents into regulation. This mechanism is suitable for new power systems and satisfies the interests of the agents while meeting the needs of grid regulation. Specifically, it is based on time-of-use and real-time pricing regulation mechanisms. In a simulated scenario of load shifting, the proposed pricing regulation mechanism effectively meets the grid regulation requirements and improves the stability of grid operation. Overall, this approach offers a promising solution for the regulation of new power system with diverse and complex agents.https://www.frontiersin.org/articles/10.3389/fenrg.2023.1192587/fullnew power systemprice regulationdemand response (DR)real-time price (RTP)virtual power plant (VPP)peak cutting and valley filling
spellingShingle Chunhui Wang
Zhigang Wu
Zihui Lin
Jianing Liu
Multi-agent interaction of source, load and storage to realize peak shaving and valley filling under the guidance of the market mechanism
Frontiers in Energy Research
new power system
price regulation
demand response (DR)
real-time price (RTP)
virtual power plant (VPP)
peak cutting and valley filling
title Multi-agent interaction of source, load and storage to realize peak shaving and valley filling under the guidance of the market mechanism
title_full Multi-agent interaction of source, load and storage to realize peak shaving and valley filling under the guidance of the market mechanism
title_fullStr Multi-agent interaction of source, load and storage to realize peak shaving and valley filling under the guidance of the market mechanism
title_full_unstemmed Multi-agent interaction of source, load and storage to realize peak shaving and valley filling under the guidance of the market mechanism
title_short Multi-agent interaction of source, load and storage to realize peak shaving and valley filling under the guidance of the market mechanism
title_sort multi agent interaction of source load and storage to realize peak shaving and valley filling under the guidance of the market mechanism
topic new power system
price regulation
demand response (DR)
real-time price (RTP)
virtual power plant (VPP)
peak cutting and valley filling
url https://www.frontiersin.org/articles/10.3389/fenrg.2023.1192587/full
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