Search Results (1,291)

In the context of the global response to climate change and the active promotion of energy transformation, a number of low-carbon policies coupled with the development of synergies to help power system transformation is an important initiative. However, the insufficient articulation of the green power market, tradable green certificate (TGC) market, and carbon emission trading (CET) mechanism, and the ambiguous policy boundaries affect the trading decisions made by its market participants. Therefore, this paper systematically analyses the composition of the main players in the electricity-CET-TGC markets and their relationship with each other, and designs the synergistic mechanism of the electricity-CET-TGC markets, based on which, it constructs the optimal profit model of the thermal power plant operators, renewable energy manufacturers, power grid enterprises, power users and load aggregators under the electricity-CET-TGC markets synergy, and analyses the behavioural decision-making of the main players in the electricity-CET-TGC markets as well as the electric power system to optimise the trading strategy of each player. The results of the study show that: (1) The synergistic mechanism of electricity-CET-TGC markets can increase the proportion of green power grid-connected in the new type of power system. (2) In the selection of different environmental rights and benefits products, the direct participation of green power in the market-oriented trading is the main way, followed by applying for conversion of green power into China certified emission reduction (CCER). (3) The development of independent energy storage technology can produce greater economic and environmental benefits. This study provides policy support to promote the synergistic development of the electricity-CET-TGC markets and assist the low-carbon transformation of the power industry. Full article

Using waste biomass as a raw material for the combined production of electricity and heat offers corresponding energy, economic, environmental and resource efficiency benefits. The study examines both the performance of a system for combined energy production based on the Organic Rankine Cycle (ORC) utilizing wood biomass and the market interest in its deployment within Bulgaria. Its objective is to propose a technically and economically viable solution for the recovery of waste biomass through the combined production of electricity and heat while simultaneously assessing the readiness of industrial and municipal sectors to adopt such systems. The cogeneration plant incorporates an ORC module enhanced with three additional economizers that capture residual heat from flue gases. Operating on 2 t/h of biomass, the system delivers 1156 kW of electric power and 3660 kW of thermal energy, recovering an additional 2664 kW of heat. The overall energy efficiency reaches 85%, with projected annual revenues exceeding EUR 600,000 and a reduction in carbon dioxide emissions of over 5800 t/yr. These indicators can be achieved through optimal installation and operation. When operating at a reduced load, however, the specific fuel consumption increases and the overall efficiency of the installation decreases. The marketing survey results indicate that 75% of respondents express interest in adopting such technologies, contingent upon the availability of financial incentives. The strongest demand is observed for systems with capacities up to 1000 kW. However, significant barriers remain, including high initial investment costs and uneven access to raw materials. The findings confirm that the developed system offers a technologically robust, environmentally efficient and market-relevant solution, aligned with the goals of energy independence, sustainability and the transition to a low-carbon economy. Full article

To address the limited flexibility of pumped storage power stations (PSPSs) under hierarchical clearing of energy and ancillary service markets, this study proposes a joint clearing mechanism for multi-level electricity markets. A bi-level optimization model based on the Stackelberg game is developed to characterize the strategic interaction between PSPSs and the market operator. Simulation results on the IEEE 30-bus system demonstrate that the proposed mechanism captures the dynamics of nodal supply and demand, as well as time-varying network congestion. It guides PSPSs to operate more flexibly and economically. Additionally, the mechanism increases PSPS profitability, reduces system costs, and improves frequency regulation performance. This game-theoretic framework offers quantitative decision support for PSPS participation in multi-level spot markets and provides insights for optimal storage deployment and market mechanism improvement. Full article

The typical ranges available for electric vehicles (EVs) may be considered by users to be inadequate when compared to long, real-life trips, and charging operations may need to be planned along journeys. To evaluate the compatibility between vehicle features and charging options for realistic journeys performed by car, a simulation approach is proposed here, using travel data collected from real vehicles to obtain trip chains for multiple consecutive days. Car travel activities, including stops with the option of charging, were simulated by applying an agent-based approach. Charging operations can be integrated into trip chains for user activities, assuming that they remain unchanged in the event that vehicles switch to electric. The energy consumption of the analyzed trips, disaggregated by vehicle type, was estimated using the average travel speed, which is useful for capturing the main route features (ranging from urban to motorways). Data were recorded for approximately 25,000 vehicles in the Turin Metropolitan Area for six consecutive days. Market segmentation of the vehicles was introduced to take into consideration different energy consumption rates and charging times, given that the electric power, battery size, and consumption rate can be related to the vehicle category. Charging activities carried out using public infrastructure during idle time between consecutive trips, as well as those carried out at home or work, were identified in order to model different needs. Full article

In the context of achieving low-carbon goals, building low-carbon energy systems is a crucial development direction and implementation pathway. Renewable energy is favored because of its clean characteristics, but the access may have an impact on the power grid. Microgrid technology provides an effective solution to this problem. Uncertainty exists in single microgrids, so multiple microgrids are introduced to improve system stability and robustness. Electric carbon trading and profit redistribution among multiple microgrids have been challenges. To promote energy commensurability among microgrids, expand the types of energy interactions, and improve the utilization rate of renewable energy, this paper proposes a cooperative operation optimization model of multi-microgrids based on the green certificate and carbon trading mechanism to promote local energy consumption and a low carbon economy. First, this paper introduces a carbon capture system (CCS) and power-to-gas (P2G) device in the microgrid and constructs a cogeneration operation model coupled with a power-to-gas carbon capture system. On this basis, a low-carbon operation model for multi-energy microgrids is proposed by combining the local carbon trading market, the stepped carbon trading mechanism, and the green certificate trading mechanism. Secondly, this paper establishes a cooperative game model for multiple microgrid electricity carbon trading based on the Nash negotiation theory after constructing the single microgrid model. Finally, the ADMM method and the asymmetric energy mapping contribution function are used for the solution. The case study uses a typical 24 h period as an example for the calculation. Case study analysis shows that, compared with the independent operation mode of microgrids, the total benefits of the entire system increased by 38,296.1 yuan and carbon emissions were reduced by 30,535 kg through the coordinated operation of electricity–carbon coupling. The arithmetic example verifies that the method proposed in this paper can effectively improve the economic benefits of each microgrid and reduce carbon emissions. Full article

In the context of urban decarbonization, multi-energy microgrids (MEMGs) are gaining increasing relevance due to their ability to enhance synergies across multiple energy vectors. This study presents a block-based MILP framework developed to optimize the operations of a real MEMG, with a particular focus on accurately modeling the structure of electricity and natural gas bills. The objective is to assess the added economic value of integrating a battery energy storage system (BESS) under the assumption it is employed to provide implicit flexibility—namely, bill management, energy arbitrage, and peak shaving. Results show that under assumed market conditions, tariff schemes, and BESS costs, none of the analyzed BESS configurations achieve a positive net present value. However, a 2 MW/4 MWh BESS yields a 3.8% reduction in annual operating costs compared to the base case without storage, driven by increased self-consumption (+2.8%), reduced thermal energy waste (–6.4%), and a substantial decrease in power-based electricity charges (–77.9%). The performed sensitivity analyses indicate that even with a significantly higher day-ahead market price spread, the BESS is not sufficiently incentivized to perform pure energy arbitrage and that the effectiveness of a time-of-use power-based tariff depends not only on the level of price differentiation but also on the BESS size. Overall, this study provides insights into the role of BESS in MEMGs and highlights the need for electricity bill designs that better reward the provision of implicit flexibility by storage systems. Full article

The growing popularity of Personal Light Electric Vehicles (PLEVs), such as e-scooters, has revolutionized urban mobility by offering compact, cost-effective, and environmentally friendly transportation solutions. However, safety concerns, including inadequate infrastructure, poor protective measures, and high accident rates, remain critical challenges. This paper presents the design and development of an innovative self-balancing microvehicle under the H2020 LEONARDO project, which aims to address these challenges through advanced engineering and user-centric design. The vehicle combines features of monowheels and e-scooters, integrating cutting-edge technologies to enhance safety, stability, and usability. The design adheres to European regulations, including Germany’s eKFV standards, and incorporates user preferences identified through representative online surveys of 1500 PLEV users. These preferences include improved handling on uneven surfaces, enhanced signaling capabilities, and reduced instability during maneuvers. The prototype features a lightweight composite structure reinforced with carbon fibers, a high-torque motorized front wheel, and multiple speed modes tailored to different conditions, such as travel in pedestrian areas, use by novice riders, and advanced users. Braking tests demonstrate deceleration values of up to 3.5 m/s², comparable to PLEV market standards and exceeding regulatory minimums, while smooth acceleration ramps ensure rider stability and safety. Additional features, such as identification plates and weight-dependent motor control, enhance compliance with local traffic rules and prevent misuse. The vehicle’s design also addresses common safety concerns, such as curb navigation and signaling, by incorporating large-diameter wheels, increased ground clearance, and electrically operated direction indicators. Future upgrades include the addition of a second rear wheel for enhanced stability, skateboard-like rear axle modifications for improved maneuverability, and hybrid supercapacitors to minimize fire risks and extend battery life. With its focus on safety, regulatory compliance, and rider-friendly innovations, this microvehicle represents a significant advancement in promoting safe and sustainable urban mobility. Full article

Distributed photovoltaic (PV) generation is increasingly important for urban energy systems amid global climate change and the shift to renewable energy. Traditional PV deployment prioritizes maximizing energy output, often neglecting electricity price variability caused by time-of-use tariffs. This study develops a high-resolution planning and economic assessment model for building-integrated PV (BIPV) systems, incorporating hourly electricity real-time market prices, solar geometry, and submeter building spatial data. Wuhan (30.60° N, 114.05° E) serves as the case study to evaluate optimal PV placement and tilt angles on rooftops and façades, focusing on maximizing economic returns rather than energy production alone. The results indicate that adjusting rooftop PV tilt from a maximum generation angle (30°) to a maximum revenue angle (15°) slightly lowers generation but increases revenue, with west-facing orientations further improving returns by aligning output with peak electricity prices. For façades, south-facing panels yielded the highest output, while north-facing panels with tilt angles above 20° also showed significant potential. Façade PV systems demonstrated substantially higher generation potential—about 5 to 15 times that of rooftop PV systems under certain conditions. This model provides a spatially detailed, market-responsive framework supporting sustainable urban energy planning, quantifying economic and environmental benefits, and aligning with integrated approaches to urban sustainability. Full article

The improvement of environmental conditions has become a priority for governments and legislators. New electrified mobility systems are increasingly present in our environment, as they enable the reduction of polluting emissions. Electric vehicles (EVs) are one of the fastest-growing alternatives to date, with exponential growth expected over the next few years. In this article, the various charging modes for EVs are explored, and the risks associated with charging technologies are analysed, particularly for charging systems in high-power DC with Lithium battery energy storage, given their long market deployment and characteristic behaviour. In particular, the Arc Flash (AF) risk present in high-power DC chargers will be studied, involving numerous simulations of the charging process. Subsequently, the Incident Energy (IE) analysis is carried out at different specific points of a commercial high-power ‘Mode 4’ charger. For this purpose, different analysis methods of recognised prestige, such as Doan, Paukert, or Stokes and Oppenlander, are applied, using the latest version of the ETAP^® simulation tool version 22.5.0. This study focuses on quantifying the potential severity (consequences) of an AF event, assuming its occurrence, rather than performing a probabilistic risk assessment according to standard methodologies. The primary objective of this research is to comprehensively quantify the potential consequences for workers involved in the operation, maintenance, repair, and execution of tasks related to EV charging systems. This analysis makes it possible to provide safe working conditions and to choose the appropriate and necessary personal protective equipment (PPE) for each type of operation. It is essential to develop this novel process to quantify the consequences of AF and to protect the end users of EV charging systems. Full article

Our regression analysis documents that energy policies to promote renewable energy development, as well as hydroelectric imports from Canada, lead to short-run reductions in average electricity prices (also known as merit-order effects) throughout the Northeast United States. Changes in the reliance upon renewable energy in one of the Northeast’s three interconnected electricity markets will impact wholesale prices in the other two. The retirement of a 1000 MW nuclear plant can increase prices by about 9% in the Independent System Operator of New England market and 7% in the New York Independent System Operator market in the short run at reference hubs, while also raising prices in neighboring markets. Some proposed large-scale off-shore wind farms would not only lower prices in local markets at the reference hubs modeled but would also lower prices in neighboring markets. Full article

This paper addresses the challenge of fostering cooperation among virtual power plant (VPP) operators in competitive electricity markets, focusing on the application of evolutionary game theory (EGT) and static reward–punishment mechanisms. This investigation resolves four critical questions: the minimum reward–punishment thresholds triggering stable cooperation, the influence of initial market composition on equilibrium selection, the sufficiency of static versus dynamic mechanisms, and the quantitative mapping between regulatory parameters and market outcomes. The study establishes the mathematical conditions under which static reward–punishment mechanisms transform competitive VPP markets into stable cooperative systems, quantifying efficiency improvements of 15–23% and renewable integration gains of 18–31%. Through rigorous evolutionary game-theoretic analysis, we identify critical parameter thresholds that guarantee cooperation emergence, resolving longstanding market coordination failures documented across multiple jurisdictions. Numerical simulations and sensitivity analysis demonstrate that static reward–punishment systems enhance cooperation, optimize resources, and increase renewable energy utilization. Key findings include: (1) Reward–punishment mechanisms effectively promote cooperation and system performance; (2) A critical region exists where cooperation dominates, enhancing market outcomes; and (3) Parameter adjustments significantly impact VPP performance and market behavior. The theoretical contributions of this research address documented market failures observed across operational VPP implementations. Our findings provide quantitative foundations for regulatory frameworks currently under development in seven national energy markets, including the European Union’s proposed Digital Single Market for Energy and Japan’s emerging VPP aggregation standards. The model’s predictions align with successful cooperation rates achieved by established VPP operators, suggesting practical applicability for scaled implementations. Overall, through evolutionary game-theoretic analysis of 156 VPP implementations, we establish precise conditions under which static mechanisms achieve 85%+ cooperation rates. Based on this, future work could explore dynamic adjustments, uncertainty modeling, and technologies like blockchain to further improve VPP resilience. Full article

Modern utilities face unprecedented pressures as trends in digital transformation and democratized energy choice empower consumers to engage in peak shaving, flexible load management, and adopt grid automation and intelligence solutions. A powerful confluence of architectural, technological, and socio-economic forces is transforming the U.S. electricity market, triggering significant changes in electricity production, transmission, and consumption. Utilities are embracing digital twins and repurposed Utility 2.0 concepts—distributed energy resources, microgrids, innovative electricity market designs, real-time automated monitoring, smart meters, machine learning, artificial intelligence, and advanced data and predictive analytics—to foster operational flexibility and market efficiency. This analysis qualitatively evaluates how digitalization, Battery Energy Storage Systems (BESSs), and adaptive strategies to mitigate rebound effects collectively advance smart duck curve management. By leveraging digital platforms for real-time monitoring and predictive analytics, utilities can optimize energy flows and make data-driven decisions. BESS technologies capture surplus renewable energy during off-peak periods and discharge it when demand spikes, thereby smoothing grid fluctuations. This review explores the benefits of targeted digital transformation, BESSs, and managed rebound effects in mitigating the duck curve problem, ensuring that energy efficiency gains translate into actual savings. Furthermore, this integrated approach not only reduces energy wastage and lowers operational costs but also enhances grid resilience, establishing a robust framework for sustainable energy management in an evolving market landscape. Full article

Virtual power plants (VPPs) enable the efficient participation of distributed renewable energy resources in electricity markets by aggregating them. However, the profitability of VPPs is challenged by market volatility and regulatory constraints, such as price caps and imbalance penalties. This study examines the joint impact of varying price cap levels and imbalance penalty structures on the bidding strategies and revenues of VPPs. A stochastic optimization model was developed, where a three-stage scenario tree was utilized to capture the uncertainty in electricity prices and renewable generation output. Simulations were performed under various market conditions using real-world price and generation data from the Korean electricity market. The analysis reveals that higher price cap coefficients lead to greater revenue and more segmented bidding strategies, especially under asymmetric penalty structures. Segment-wise analysis of bid price–quantity pairs shows that over-bidding is preferred under upward-only penalty schemes, while under-bidding is preferred under downward-only ones. Notably, revenue improvement tapers off beyond a price cap coefficient of 0.8, which indicates that there exists an optimal threshold for regulatory design. The findings of this study suggest the need for coordination between price caps and imbalance penalties to maintain market efficiency while supporting renewable energy integration. The proposed framework also offers practical insights for market operators and policymakers seeking to balance profitability, adaptability, and stability in VPP-integrated electricity markets. Full article

This article presents the development, integration, and experimental validation of a modular microgrid for sustainable hydrogen production, addressing global electricity demand and environmental challenges. The system was designed for initial validation in a thermoelectric power plant environment, with scalability to other applications. Centered on a six-compartment skid, it integrates photovoltaic generation, battery storage, and a liquefied petroleum gas generator to emulate typical cogeneration conditions, together with a high-purity proton exchange membrane electrolyzer. A supervisory control module ensures real-time monitoring and energy flow management, following international safety standards. The study also explores the incorporation of blockchain technology to certify the renewable origin of hydrogen, enhancing traceability and transparency in the green hydrogen market. The experimental results confirm the system’s technical feasibility, demonstrating stable hydrogen production, efficient energy management, and islanded-mode operation with preserved grid stability. These findings highlight the strategic role of hydrogen as an energy vector in the transition to a cleaner energy matrix and support the proposed architecture as a replicable model for industrial facilities seeking to combine hydrogen production with advanced microgrid technologies. Future work will address large-scale validation and performance optimization, including advanced energy management algorithms to ensure economic viability and sustainability in diverse industrial contexts. Full article

The decarbonization of electricity generation by 2030 and the realization of a net-zero economy by 2050 are central to the United States’ climate strategy. However, large-scale renewable integration introduces operational challenges, including extreme ramping, unsafe dispatch, and price volatility. This review investigates how demand–response (DR) aggregators and distributed loads can support these climate goals while addressing critical operational challenges. We hypothesize that current DR aggregator frameworks fall short in the areas of distributed load operational flexibility, scalability with the number of distributed loads (prosumers), prosumer privacy preservation, DR aggregator and prosumer competition, and uncertainty management, limiting their potential to enable large-scale prosumer participation. Using a systematic review methodology, we evaluate existing DR aggregator and prosumer frameworks through the proposed FCUPS criteria—flexibility, competition, uncertainty quantification, privacy, and scalability. The main results highlight significant gaps in current frameworks: limited support for decentralized operations; inadequate privacy protections for prosumers; and insufficient capabilities for managing competition, uncertainty, and flexibility at scale. We conclude by identifying open research directions, including the need for game-theoretic and machine learning approaches that ensure privacy, scalability, and robust market participation. Addressing these gaps is essential to shape future research agendas and to enable DR aggregators to contribute meaningfully to US climate targets. Full article