Electricity Pricing with Continuous-time Commodity Model and Non-monotonic Load Curve
Under the “carbon peak and carbon neutrality” background, clean energy enters the market on a large scale, so it is very important to study the pricing theory of electricity. The bright spot of this paper is that the load curve is more practical. In the original version of elec...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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China electric power research institute
2024-01-01
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| Series: | CSEE Journal of Power and Energy Systems |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/9917404/ |
| _version_ | 1797216200184299520 |
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| author | Lijia Han Yue Li Haoyong Chen Ningning Lu |
| author_facet | Lijia Han Yue Li Haoyong Chen Ningning Lu |
| author_sort | Lijia Han |
| collection | DOAJ |
| description | Under the “carbon peak and carbon neutrality” background, clean energy enters the market on a large scale, so it is very important to study the pricing theory of electricity. The bright spot of this paper is that the load curve is more practical. In the original version of electricity pricing theory based on continuous time commodity model, the load curve is supposed to be a monotonic function with time for simplicity of derivation, which is not realistic. To overcome this defect, load curves are supposed to be in shapes of a unimodal model and multimodal cases in this paper, which are more in conformity with the actual load curve in real-world power markets. Two study cases are used to demonstrate the rationality of the proposed models. These results together with the authors' previous work provide a complete pricing scheme for continuous-time electricity commodity model. |
| first_indexed | 2024-04-24T11:42:11Z |
| format | Article |
| id | doaj.art-f5762d4321054f0492d385b6700dc3e7 |
| institution | Directory Open Access Journal |
| issn | 2096-0042 |
| language | English |
| last_indexed | 2024-04-24T11:42:11Z |
| publishDate | 2024-01-01 |
| publisher | China electric power research institute |
| record_format | Article |
| series | CSEE Journal of Power and Energy Systems |
| spelling | doaj.art-f5762d4321054f0492d385b6700dc3e72024-04-09T19:47:17ZengChina electric power research instituteCSEE Journal of Power and Energy Systems2096-00422024-01-0110127228010.17775/CSEEJPES.2021.058009917404Electricity Pricing with Continuous-time Commodity Model and Non-monotonic Load CurveLijia Han0Yue Li1Haoyong Chen2Ningning Lu3Mathematical and Physical Science School, North China Electric Power University,Beijing,China,102206Mathematical and Physical Science School, North China Electric Power University,Beijing,China,102206School of Electric Power Engineering, South China University of Technology,Guangzhou,China,510641Mathematical and Physical Science School, North China Electric Power University,Beijing,China,102206Under the “carbon peak and carbon neutrality” background, clean energy enters the market on a large scale, so it is very important to study the pricing theory of electricity. The bright spot of this paper is that the load curve is more practical. In the original version of electricity pricing theory based on continuous time commodity model, the load curve is supposed to be a monotonic function with time for simplicity of derivation, which is not realistic. To overcome this defect, load curves are supposed to be in shapes of a unimodal model and multimodal cases in this paper, which are more in conformity with the actual load curve in real-world power markets. Two study cases are used to demonstrate the rationality of the proposed models. These results together with the authors' previous work provide a complete pricing scheme for continuous-time electricity commodity model.https://ieeexplore.ieee.org/document/9917404/Functional optimizationmarket equilibriumspot pricingvariational method |
| spellingShingle | Lijia Han Yue Li Haoyong Chen Ningning Lu Electricity Pricing with Continuous-time Commodity Model and Non-monotonic Load Curve CSEE Journal of Power and Energy Systems Functional optimization market equilibrium spot pricing variational method |
| title | Electricity Pricing with Continuous-time Commodity Model and Non-monotonic Load Curve |
| title_full | Electricity Pricing with Continuous-time Commodity Model and Non-monotonic Load Curve |
| title_fullStr | Electricity Pricing with Continuous-time Commodity Model and Non-monotonic Load Curve |
| title_full_unstemmed | Electricity Pricing with Continuous-time Commodity Model and Non-monotonic Load Curve |
| title_short | Electricity Pricing with Continuous-time Commodity Model and Non-monotonic Load Curve |
| title_sort | electricity pricing with continuous time commodity model and non monotonic load curve |
| topic | Functional optimization market equilibrium spot pricing variational method |
| url | https://ieeexplore.ieee.org/document/9917404/ |
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