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ORIGINAL RESEARCH article

Front. Energy Res.
Sec. Sustainable Energy Systems
Volume 12 - 2024 | doi: 10.3389/fenrg.2024.1476691
This article is part of the Research Topic Optimal Scheduling of Demand Response Resources In Energy Markets For High Trading Revenue and Low Carbon Emissions View all 20 articles

Optimization Model for Distributed Energy Trading Based on Market Value Allocation Mechanism in Electricity Spot Market

Provisionally accepted
Baohua Hu Baohua Hu 1,2Sheng Ding Sheng Ding 1,2Zhaoyang Xu Zhaoyang Xu 1,2Xueting Cheng Xueting Cheng 3,4Liangliang Zhu Liangliang Zhu 1,2Yueshuang Bao Yueshuang Bao 3,4Kui Wang Kui Wang 1,2*
  • 1 State Grid Electric Power Research Institute, Nanjing, China
  • 2 State Grid Electric Power Research Institute Wuhan Efficiency Evaluation Company Limited, Wuhan, China
  • 3 State Grid Shanxi Electric Power Company, Taiyuan, China
  • 4 State Grid Shanxi Electric Power Company Electric Power Research Institute, Taiyuan, China

The final, formatted version of the article will be published soon.

    As distributed energy resources become increasingly prevalent, optimizing allocation and market transactions is crucial for improving energy efficiency and economic benefits. This paper proposes a distributed energy trading market model based on a value distribution mechanism.The model establishes a direct load management approach through an electricity aggregator agent, simplifying market transaction processes and reducing transaction costs. Using a Nash bargaining model, a value distribution mechanism is designed to incentivize market participation and enhance overall system benefits. The proposed model and mechanism incorporate stochastic programming to account for uncertainties in real-time load and distributed energy output. Case studies validate the effectiveness of the proposed model and mechanism. Results demonstrate that the market model can improve the utilization of distributed resources, while the value distribution mechanism ensures fair benefit allocation among market participants. The study provides insights into the design of efficient and equitable distributed energy markets, contributing to the development of more sustainable and flexible energy systems.

    Keywords: Distributed energy resources, energy trading, optimization, Market model, value distribution mechanism, Nash bargaining

    Received: 06 Aug 2024; Accepted: 09 Sep 2024.

    Copyright: © 2024 Hu, Ding, Xu, Cheng, Zhu, Bao and Wang. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence: Kui Wang, State Grid Electric Power Research Institute, Nanjing, China

    Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.