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Keywords = electricity price convergence

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22 pages, 3925 KiB  
Article
Optimized Multiple Regression Prediction Strategies with Applications
by Yiming Zhao, Shu-Chuan Chu, Ali Riza Yildiz and Jeng-Shyang Pan
Symmetry 2025, 17(7), 1085; https://doi.org/10.3390/sym17071085 - 7 Jul 2025
Viewed by 371
Abstract
As a classical statistical method, multiple regression is widely used for forecasting tasks in power, medicine, finance, and other fields. The rise of machine learning has led to the adoption of neural networks, particularly Long Short-Term Memory (LSTM) models, for handling complex forecasting [...] Read more.
As a classical statistical method, multiple regression is widely used for forecasting tasks in power, medicine, finance, and other fields. The rise of machine learning has led to the adoption of neural networks, particularly Long Short-Term Memory (LSTM) models, for handling complex forecasting problems, owing to their strong ability to capture temporal dependencies in sequential data. Nevertheless, the performance of LSTM models is highly sensitive to hyperparameter configuration. Traditional manual tuning methods suffer from inefficiency, excessive reliance on expert experience, and poor generalization. Aiming to address the challenges of complex hyperparameter spaces and the limitations of manual adjustment, an enhanced sparrow search algorithm (ISSA) with adaptive parameter configuration was developed for LSTM-based multivariate regression frameworks, where systematic optimization of hidden layer dimensionality, learning rate scheduling, and iterative training thresholds enhances its model generalization capability. In terms of SSA improvement, first, the population is initialized by the reverse learning strategy to increase the diversity of the population. Second, the mechanism for updating the positions of producer sparrows is improved, and different update formulas are selected based on the sizes of random numbers to avoid convergence to the origin and improve search flexibility. Then, the step factor is dynamically adjusted to improve the accuracy of the solution. To improve the algorithm’s global search capability and escape local optima, the sparrow search algorithm’s position update mechanism integrates Lévy flight for detection and early warning. Experimental evaluations using benchmark functions from the CEC2005 test set demonstrated that the ISSA outperforms PSO, the SSA, and other algorithms in optimization performance. Further validation with power load and real estate datasets revealed that the ISSA-LSTM model achieves superior prediction accuracy compared to existing approaches, achieving an RMSE of 83.102 and an R2 of 0.550 during electric load forecasting and an RMSE of 18.822 and an R2 of 0.522 during real estate price prediction. Future research will explore the integration of the ISSA with alternative neural architectures such as GRUs and Transformers to assess its flexibility and effectiveness across different sequence modeling paradigms. Full article
(This article belongs to the Section Computer)
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30 pages, 3781 KiB  
Article
Adaptive Multi-Objective Firefly Optimization for Energy-Efficient and QoS-Aware Scheduling in Distributed Green Data Centers
by Ahmed Chiheb Ammari, Wael Labidi and Rami Al-Hmouz
Energies 2025, 18(11), 2940; https://doi.org/10.3390/en18112940 - 3 Jun 2025
Viewed by 476
Abstract
Green data centers (GDCs) are increasingly deployed worldwide to power digital infrastructure sustainably. These centers integrate renewable energy sources, such as solar and wind, to reduce dependence on grid electricity and lower operational costs. When distributed geographically, GDCs face considerable challenges due to [...] Read more.
Green data centers (GDCs) are increasingly deployed worldwide to power digital infrastructure sustainably. These centers integrate renewable energy sources, such as solar and wind, to reduce dependence on grid electricity and lower operational costs. When distributed geographically, GDCs face considerable challenges due to spatial variations in renewable energy availability, electricity pricing, and bandwidth costs. This paper addresses the joint optimization of operational cost and service quality for delay-sensitive applications scheduled across distributed green data centers (GDDCs). We formulate a multi-objective optimization problem that minimizes total operational costs while reducing the Average Task Loss Probability (ATLP), a key Quality of Service (QoS) metric. To solve this, we propose an Adaptive Firefly-Based Bi-Objective Optimization (AFBO) algorithm that introduces multiple adaptive mechanisms to improve convergence and diversity. The minimum Manhattan distance method is adopted to select a representative knee solution from each algorithm’s Pareto front, determining optimal task service rates and ISP task splits into each time slot. AFBO is evaluated using real-world trace-driven simulations and compared against benchmark multi-objective algorithms, including multi-objective particle swarm optimization (MOPSO), simulated annealing-based bi-objective differential evolution (SBDE), and the baseline Multi-Objective Firefly Algorithm (MOFA). The results show that AFBO achieves up to 64-fold reductions in operational cost and produces an extremely low ATLP value (1.875×107) that is nearly two orders of magnitude lower than SBDE and MOFA and several orders better than MOPSO. These findings confirm AFBO’s superior capability to balance energy cost savings and Quality of Service (QoS), outperforming existing methods in both solution quality and convergence speed. Full article
(This article belongs to the Special Issue Studies in Renewable Energy Production and Distribution)
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31 pages, 4090 KiB  
Article
Day-Ahead Electricity Price Forecasting for Sustainable Electricity Markets: A Multi-Objective Optimization Approach Combining Improved NSGA-II and RBF Neural Networks
by Chunlong Li, Zhenghan Liu, Guifan Zhang, Yumiao Sun, Shuang Qiu, Shiwei Song and Donglai Wang
Sustainability 2025, 17(10), 4551; https://doi.org/10.3390/su17104551 - 16 May 2025
Viewed by 655
Abstract
The large-scale integration of renewable energy into power grids introduces substantial stochasticity in generation profiles and operational complexities due to electricity’s non-storable nature. These factors cause significant fluctuations in day-ahead market prices. Accurate price forecasting is crucial for market participants to optimize bidding [...] Read more.
The large-scale integration of renewable energy into power grids introduces substantial stochasticity in generation profiles and operational complexities due to electricity’s non-storable nature. These factors cause significant fluctuations in day-ahead market prices. Accurate price forecasting is crucial for market participants to optimize bidding strategies, mitigate renewable curtailment, and enhance grid sustainability. However, conventional methods struggle to address the nonlinearity, high-frequency dynamics, and multivariate dependencies inherent in electricity prices. This study proposes a novel multi-objective optimization framework combining an improved non-dominated sorting genetic algorithm II (NSGA-II) with a radial basis function (RBF) neural network. The improved NSGA-II algorithm mitigates issues of population diversity loss, slow convergence, and parameter adaptability by incorporating dynamic crowding distance calculations, adaptive crossover and mutation probabilities, and a refined elite retention strategy. Simultaneously, the RBF neural network balances prediction accuracy and model complexity through structural optimization. It is verified by the data of Singapore power market and compared with other forecasting models and error calculation methods. These results highlight the ability of the model to track the peak price of electricity and adapt to seasonal changes, indicating that the improved NSGA-II and RBF (NSGA-II-RBF) model has superior performance and provides a reliable decision support tool for sustainable operation of the power market. Full article
(This article belongs to the Special Issue Recent Advances in Smart Grids for a Sustainable Energy System)
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21 pages, 4675 KiB  
Article
A Novel Hierarchical Optimal Scheduling and Coordination Control Method for Microgrid Based on Multi-Energy Complementarity
by Li Zhang, Zeyuan Ma, Chenhao Jia, Tao Zhang and Hongwei Zhang
Electronics 2025, 14(9), 1829; https://doi.org/10.3390/electronics14091829 - 29 Apr 2025
Viewed by 521
Abstract
To address the uncertainty of intermittent energy sources and enhance the economic efficiency and operational performance of microgrids, this paper proposes a novel three-layer coupled microgrid scheduling model based on the principles of model predictive control, optimized and solved using an improved dung [...] Read more.
To address the uncertainty of intermittent energy sources and enhance the economic efficiency and operational performance of microgrids, this paper proposes a novel three-layer coupled microgrid scheduling model based on the principles of model predictive control, optimized and solved using an improved dung beetle algorithm. Firstly, by comprehensively considering time-varying electricity prices and pollution protection costs, the model optimizes and mitigates the impact of uncertain factors in day-ahead scheduling, thereby constructing a new three-layer scheduling framework. Secondly, improvements to the traditional dung beetle algorithm, including population initialization, rolling behavior, and foraging behavior, are validated through simulations, demonstrating enhanced accuracy and convergence speed. Furthermore, the improved dung beetle algorithm is utilized to optimize the economic performance of the scheduling layer, determining optimal controls within the rolling control framework. Finally, through economic comparisons, rolling scheduling analysis, and control effectiveness experiments, this study demonstrates that the proposed model and algorithm significantly improve the environmental economics of microgrids while enhancing system controllability and stability. Full article
(This article belongs to the Topic Control and Optimization of Networked Microgrids)
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24 pages, 2442 KiB  
Article
Monte Carlo Sensitivity Analysis for a Carbon Capture, Utilization, and Storage Whole-Process System
by Zhuo Han, Hang Liu, Dongya Zhao, Yurong Chen, Yupeng Xing and Zixuan Zhang
Processes 2025, 13(5), 1356; https://doi.org/10.3390/pr13051356 - 29 Apr 2025
Viewed by 738
Abstract
Carbon capture, utilization, and storage (CCUS) is an emerging technology with significant potential for large-scale emissions reduction. To reduce the overall system costs of CCUS, this study first establishes a comprehensive economic cost model for the entire CCUS process. Subsequently, a Monte Carlo-based [...] Read more.
Carbon capture, utilization, and storage (CCUS) is an emerging technology with significant potential for large-scale emissions reduction. To reduce the overall system costs of CCUS, this study first establishes a comprehensive economic cost model for the entire CCUS process. Subsequently, a Monte Carlo-based Sobol’ global sensitivity analysis method is proposed to calculate both first-order and total-order sensitivity indices, followed by qualitative and quantitative analyses of parameter sensitivity. Additionally, convergence analyses of the results and their engineering applicability are examined. The findings reveal that the total-order sensitivity indices for electricity price, flue gas inlet flow rate, pipeline diameter, pipeline material price, pipeline inlet pressure, and injection pressure are 0.6578, 0.3857, 0.5585, 0.3823, 0.2205, and 0.1949, respectively, which are significantly higher than those of the other parameters. This indicates that these parameters have a dominant impact on energy consumption costs through the processes of capture and compression, pipeline transportation, and storage injection. These results provide a basis for selecting decision variables when optimizing the entire CCUS process. Full article
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26 pages, 5052 KiB  
Article
Research on the Construction Method of Inter-Provincial Spot Trading Network Model Considering Power Grid Congestion
by Hui Cui, Guodong Huang, Jingyang Zhou, Chenxu Hu, Shuyan Zhang, Shaochong Zhang and Bo Zhou
Energies 2025, 18(7), 1747; https://doi.org/10.3390/en18071747 - 31 Mar 2025
Viewed by 318
Abstract
This study proposes a full-cost electricity pricing model (M3) based on power flow tracing, addressing limitations in traditional nodal pricing and postage stamp methods. M3 dynamically allocates fixed transmission costs based on actual grid utilization, improving fairness, price signal accuracy, and congestion management. [...] Read more.
This study proposes a full-cost electricity pricing model (M3) based on power flow tracing, addressing limitations in traditional nodal pricing and postage stamp methods. M3 dynamically allocates fixed transmission costs based on actual grid utilization, improving fairness, price signal accuracy, and congestion management. The model achieves fast convergence within 20 iterations across tested networks. Sensitivity analysis confirms that fuel costs and load variations significantly impact pricing, making M3 more adaptive and responsive. A regression-based forecasting model further enhances price predictability. The dual IEEE 118-bus case study validates M3’s feasibility in inter-provincial electricity markets, demonstrating its effectiveness for real-time pricing and investment planning. Full article
(This article belongs to the Section F: Electrical Engineering)
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25 pages, 516 KiB  
Article
Price Behavior and Market Integration in European Union Electricity Markets: A VECM Analysis
by Cristian Valeriu Stanciu and Narcis Eduard Mitu
Energies 2025, 18(4), 770; https://doi.org/10.3390/en18040770 - 7 Feb 2025
Cited by 1 | Viewed by 1189
Abstract
This study examines the integration and price behavior of European Union electricity markets using a Vector Error Correction Model (VECM). Employing daily wholesale day-ahead electricity prices from 24 EU countries spanning October 2017 to September 2024, the research identifies seven regional clusters of [...] Read more.
This study examines the integration and price behavior of European Union electricity markets using a Vector Error Correction Model (VECM). Employing daily wholesale day-ahead electricity prices from 24 EU countries spanning October 2017 to September 2024, the research identifies seven regional clusters of markets based on similarities in price trends. The analysis reveals strong long-term equilibrium relationships and dynamic short-term adjustments, highlighting the interconnectedness of these markets. Central players, such as Germany in Block 1 and France in Block 2, emerge as pivotal in driving regional stability, while markets like Romania and Bulgaria (Block 3) demonstrate significant interconnections. Scandinavian and Baltic regions (Blocks 4 and 5) showcase unique balancing mechanisms influenced by shared infrastructure. Aggregated inter-block dynamics underscore the critical role of central hubs like Blocks 1 and 3 in bridging market disparities. Despite progress, regional heterogeneity persists, with slower adjustments observed in certain clusters. The findings emphasize the need for targeted policies to enhance cross-border electricity trading and infrastructure investments, ensuring equitable integration across all regions. By addressing these disparities, the EU can bolster market efficiency and resilience, contributing to its overarching energy strategy and transition to sustainable energy systems. Full article
(This article belongs to the Special Issue Economic Approaches to Energy, Environment and Sustainability)
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21 pages, 2689 KiB  
Article
Multi-Timescale Battery-Charging Optimization for Electric Heavy-Duty Truck Battery-Swapping Stations, Considering Source–Load–Storage Uncertainty
by Peijun Shi, Guojian Ni, Rifeng Jin, Haibo Wang, Jinsong Wang, Zhongwei Sun and Guizhi Qiu
Energies 2025, 18(2), 241; https://doi.org/10.3390/en18020241 - 8 Jan 2025
Cited by 1 | Viewed by 1017
Abstract
With the widespread adoption of renewable energy sources like wind power and photovoltaic (PV) power, uncertainties in the renewable energy output and the battery-swapping demand for electric heavy-duty trucks make it challenging for battery-swapping stations to optimize battery-charging management centrally. Uncoordinated large-scale charging [...] Read more.
With the widespread adoption of renewable energy sources like wind power and photovoltaic (PV) power, uncertainties in the renewable energy output and the battery-swapping demand for electric heavy-duty trucks make it challenging for battery-swapping stations to optimize battery-charging management centrally. Uncoordinated large-scale charging behavior can increase operation costs for battery-swapping stations and even affect the stability of the power grid. To mitigate this, this paper proposes a multi-timescale battery-charging optimization for electric heavy-duty truck battery-swapping stations, taking into account the source–load–storage uncertainty. First, a model incorporating uncertainties in renewable energy output, time-of-use pricing, and grid load fluctuations is developed for the battery-swapping station. Second, based on day-ahead and intra-day timescales, the optimization problem for battery-charging strategies at battery-swapping stations is decomposed into day-ahead and intra-day optimization problems. We propose a day-ahead charging strategy optimization algorithm based on intra-day optimization feedback information-gap decision theory (IGDT) and an improved grasshopper algorithm for intra-day charging strategy optimization. The key contributions include the following: (1) the development of a battery-charging model for electric heavy-duty truck battery-swapping stations that accounts for the uncertainty in the power output of energy sources, loads, and storage; (2) the proposal of a day-ahead battery-charging optimization algorithm based on intra-day-optimization feedback information-gap decision theory (IGDT), which allows for dynamic adjustment of risk preferences; (3) the proposal of an intra-day battery-charging optimization algorithm based on an improved grasshopper optimization algorithm, which enhances algorithm convergence speed and stability, avoiding local optima. Finally, simulation comparisons confirm the success of the proposed approach. The simulation results demonstrate that the proposed method reduces charging costs by 4.26% and 6.03% compared with the two baseline algorithms, respectively, and improves grid stability, highlighting its effectiveness for managing battery-swapping stations under uncertainty. Full article
(This article belongs to the Section D: Energy Storage and Application)
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24 pages, 5735 KiB  
Article
Vehicle-To-Grid (V2G) Charging and Discharging Strategies of an Integrated Supply–Demand Mechanism and User Behavior: A Recurrent Proximal Policy Optimization Approach
by Chao He, Junwen Peng, Wenhui Jiang, Jiacheng Wang, Lijuan Du and Jinkui Zhang
World Electr. Veh. J. 2024, 15(11), 514; https://doi.org/10.3390/wevj15110514 - 8 Nov 2024
Cited by 3 | Viewed by 3712
Abstract
With the increasing global demand for renewable energy and heightened environmental awareness, electric vehicles (EVs) are rapidly becoming a popular clean and efficient mode of transportation. However, the widespread adoption of EVs has presented several challenges, such as the lagging development of charging [...] Read more.
With the increasing global demand for renewable energy and heightened environmental awareness, electric vehicles (EVs) are rapidly becoming a popular clean and efficient mode of transportation. However, the widespread adoption of EVs has presented several challenges, such as the lagging development of charging infrastructure, the impact on the power grid, and the dynamic changes in user charging behavior. To address these issues, this paper first proposes a vehicle-to-grid (V2G) optimization framework that responds to regional dynamic pricing. It also considers power balancing in charging and discharging stations when a large number of EVs are involved in scheduling, with the aim of maximizing the benefits for EV owners. Next, by leveraging the interaction between environmental states and the dynamic behavior of EVs, we design an optimization algorithm that combines the recurrent proximal policy optimization (RPPO) algorithm and long short-term memory (LSTM) networks. This approach enhances system convergence and improves grid stability while maximizing benefits for EV owners. Finally, a simulation platform is used to validate the practical application of the RPPO algorithm in optimizing V2G and grid-to-vehicle (G2V) charging strategies, providing significant theoretical foundations and technical support for the development of smart grids and sustainable transportation systems. Full article
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13 pages, 4675 KiB  
Article
Hierarchical Optimal Dispatching of Electric Vehicles Based on Photovoltaic-Storage Charging Stations
by Ziyuan Liu, Junjing Tan, Wei Guo, Chong Fan, Wenhe Peng, Zhijian Fang and Jingke Gao
Mathematics 2024, 12(21), 3410; https://doi.org/10.3390/math12213410 - 31 Oct 2024
Cited by 1 | Viewed by 1255
Abstract
Electric vehicles, known for their eco-friendliness and rechargeable–dischargeable capabilities, can serve as energy storage batteries to support the operation of the microgrid in certain scenarios. Therefore, photovoltaic-storage electric vehicle charging stations have emerged as an important solution to address the challenges posed by [...] Read more.
Electric vehicles, known for their eco-friendliness and rechargeable–dischargeable capabilities, can serve as energy storage batteries to support the operation of the microgrid in certain scenarios. Therefore, photovoltaic-storage electric vehicle charging stations have emerged as an important solution to address the challenges posed by energy interconnection networks. However, electric vehicle charging loads exhibit notable randomness, potentially altering load characteristics during certain periods and posing challenges to the stable operation of microgrids. To address this challenge, this paper proposes a hierarchical optimal dispatching strategy based on photovoltaic-storage charging stations. The strategy utilizes a dynamic electricity pricing model and the adaptive particle swarm optimization algorithm to effectively manage electric vehicle charging loads. By decomposing the dispatching task into multiple layers, the strategy effectively solves the problems of the “curse of dimensionality” and slow convergence associated with large numbers of electric vehicles. Simulation results demonstrate that the strategy can effectively achieve peak shaving and valley filling, reducing the load variance of the microgrid by 24.93%, and significantly reduce electric vehicle charging costs and distribution network losses, with a reduction of 92.29% in electric vehicle charging costs and 32.28% in microgrid losses compared to unorganized charging. Additionally, this strategy can meet the travel demands of electric vehicle owners while providing convenient charging services. Full article
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18 pages, 3924 KiB  
Article
Backstepping-Based Quasi-Sliding Mode Control and Observation for Electric Vehicle Systems: A Solution to Unmatched Load and Road Perturbations
by Akram Hashim Hameed, Shibly Ahmed Al-Samarraie, Amjad Jaleel Humaidi and Nagham Saeed
World Electr. Veh. J. 2024, 15(9), 419; https://doi.org/10.3390/wevj15090419 - 14 Sep 2024
Cited by 8 | Viewed by 1527
Abstract
The direct current (DC) motor is the core part of an electrical vehicle (EV). The unmatched perturbation of load torque is a challenging problem in the control of an EV system driven by a DC motor and hence a deep control concern is [...] Read more.
The direct current (DC) motor is the core part of an electrical vehicle (EV). The unmatched perturbation of load torque is a challenging problem in the control of an EV system driven by a DC motor and hence a deep control concern is required. In this study, the proposed solution is to present two control approaches based on a backstepping control algorithm for speed trajectory tracking of EVs. The first control design is to develop the backstepping controller based on a quasi-sliding mode disturbance observer (BS-QSMDO), and the other controller is to combine the backstepping control with quasi-integral sliding mode control (BS-QISMC). In the sense of Lyapunov-based stability analysis, the ultimate boundedness of the proposed controllers has been detailedly analyzed, assessed, and evaluated in the presence of unmatched perturbation. A modified stability analysis has been presented to determine the ultimate bounds of disturbance estimation error for both controllers. The determination of ultimate bound and region-of-attraction for tracking and estimation errors is the contribution achieved by the proposed control design. The performances of the proposed controllers have been verified via computer simulations and the level of ultimate bounds for the estimation and tracking errors are the key measures for their evaluation. Compared to BS-QISMC, the results showed that a lower level of ultimate boundedness with a higher convergent rate can be reached based on BS-QSMO. However, a higher control effort can be exerted by the BS-QSMO controller as compared to BS-QISMC; and this is the price to be paid by the BS-QSMO controller to achieve lower ultimate boundedness with a faster convergence rate. Full article
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20 pages, 6093 KiB  
Article
Parameter Design of a Photovoltaic Storage Battery Integrated System for Detached Houses Based on Nondominated Sorting Genetic Algorithm-II
by Yaolong Hou, Quan Yuan, Xueting Wang, Han Chang, Chenlin Wei, Di Zhang, Yanan Dong, Yijun Yang and Jipeng Zhang
Buildings 2024, 14(6), 1834; https://doi.org/10.3390/buildings14061834 - 17 Jun 2024
Cited by 2 | Viewed by 1071
Abstract
With the deteriorating environment and excessive consumption of primary energy, solar energy has become used in buildings worldwide for renewable energy. Due to the fluctuations of solar radiation, a solar photovoltaic (PV) power system is often combined with a storage battery to improve [...] Read more.
With the deteriorating environment and excessive consumption of primary energy, solar energy has become used in buildings worldwide for renewable energy. Due to the fluctuations of solar radiation, a solar photovoltaic (PV) power system is often combined with a storage battery to improve the stability of a building’s energy supply. In addition, the real-time energy consumption pattern of the residual houses fluctuates; a larger size for a PV and battery integrated system can offer more solar energy but also bring a higher equipment cost, and a smaller size for the integrated system may achieve an energy-saving effect. The traditional methods to size a PV and battery integrated system for a detached house are based on the experience method or the traversal algorithm. However, the experience method cannot consider the real-time fluctuating energy demand of a detached house, and the traversal algorithm costs too much computation time. Therefore, this study applies Nondominated Sorting Genetic Algorithm-II (NSGA-II) to size a PV and battery integrated system by optimizing total electricity cost and usage of the grid electricity simultaneously. By setting these two indicators as objectives separately, single-objective genetic algorithms (GAs) are also deployed to find the optimal size specifications of the PV and battery integrated system. The optimal solutions from NSGA-II and single-objective GAs are mutually verified, showing the high accuracy of NSGA-II, and the rapid convergence process demonstrates the time-saving effect of all these deployed genetic algorithms. The robustness of the deployed NSGA-II to various grid electricity prices is also tested, and similar optimal solutions are obtained. Compared with the experience method, the final optimal solution from NSGA-II saves 68.3% of total electricity cost with slightly more grid electricity used. Compared with the traversal algorithm, NSGA-II saves 94% of the computation time and provides more accurate size specifications for the PV and battery integrated system. This study suggests that NSGA-II is suitable for sizing a PV and battery integrated system for a detached house. Full article
(This article belongs to the Section Building Energy, Physics, Environment, and Systems)
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22 pages, 5235 KiB  
Article
The Green Flexible Job-Shop Scheduling Problem Considering Cost, Carbon Emissions, and Customer Satisfaction under Time-of-Use Electricity Pricing
by Shun Jia, Yang Yang, Shuyu Li, Shang Wang, Anbang Li, Wei Cai, Yang Liu, Jian Hao and Luoke Hu
Sustainability 2024, 16(6), 2443; https://doi.org/10.3390/su16062443 - 15 Mar 2024
Cited by 10 | Viewed by 2287
Abstract
Exploration of the green flexible job-shop scheduling problem is essential for enterprises aiming for sustainable practices, including energy conservation, emissions reduction, and enhanced economic and social benefits. While existing research has predominantly focused on carbon emissions or energy consumption as green scheduling objectives, [...] Read more.
Exploration of the green flexible job-shop scheduling problem is essential for enterprises aiming for sustainable practices, including energy conservation, emissions reduction, and enhanced economic and social benefits. While existing research has predominantly focused on carbon emissions or energy consumption as green scheduling objectives, this paper addresses the broader scope by incorporating the impact of variable energy prices on energy cost. Through the introduction of an energy cost model based on time-of-use electricity pricing, the study formulates a multi-objective optimization model for green flexible job-shop scheduling. The objectives include minimizing cost, reducing carbon emissions, and maximizing customer satisfaction. To prevent premature convergence and maintain population diversity, an enhanced genetic algorithm is employed for solving. The validation of the algorithm’s effectiveness is demonstrated through specific examples, providing decision results for optimal scheduling under various weight combinations. The research outcomes hold substantial practical value as they can significantly reduce energy expenses, lower carbon emissions, and elevate customer satisfaction while safeguarding production efficiency. This contributes to enhancing the market competitiveness and green brand image of businesses. Full article
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16 pages, 2567 KiB  
Article
The Volatility Dynamics of Prices in the European Power Markets during the COVID-19 Pandemic Period
by Zorana Zoran Stanković, Milena Nebojsa Rajic, Zorana Božić, Peđa Milosavljević, Ancuța Păcurar, Cristina Borzan, Răzvan Păcurar and Emilia Sabău
Sustainability 2024, 16(6), 2426; https://doi.org/10.3390/su16062426 - 14 Mar 2024
Cited by 6 | Viewed by 3862
Abstract
Surging electricity demand, its limited supply, and the pandemic crisis are just some of the key factors that resulted in changes in electricity prices on the power exchanges. This topic brings about a notable economic influence on both producers and consumers. The main [...] Read more.
Surging electricity demand, its limited supply, and the pandemic crisis are just some of the key factors that resulted in changes in electricity prices on the power exchanges. This topic brings about a notable economic influence on both producers and consumers. The main purpose of this paper is to explore power price volatility during the four-year period from 1 January 2018 to 31 December 2021, in 28 power exchanges in Europe, measured using daily velocity data. In addition, based on the fixed and chain base index numbers, as well as their relative merits, this paper was designed to measure the gap and convergence in trends. Considering that the price volatility varies depending on the observation period, this paper performs a comparative analysis of electricity price volatility on a daily, monthly, quarterly, and annual level for all examined countries. The obtained results indicate that electricity price volatility is higher on a daily basis. Related to this, convergent trends are demonstrated on all 28 observed markets, and there is a growing trend of hourly spot prices in the analyzed four-year period. The results of this paper also confirm a higher power price volatility during the pandemic period in 2020 and 2021 compared to the prepandemic period during 2018 and 2019. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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31 pages, 7790 KiB  
Article
Optimal Dispatch Strategy for Electric Vehicles in V2G Applications
by Ali M. Eltamaly
Smart Cities 2023, 6(6), 3161-3191; https://doi.org/10.3390/smartcities6060141 - 20 Nov 2023
Cited by 23 | Viewed by 2891
Abstract
The overutilization of electric vehicles (EVs) has the potential to result in significant challenges regarding the reliability, contingency, and standby capabilities of traditional power systems. The utilization of renewable energy distributed generator (REDG) presents a potential solution to address these issues. By incorporating [...] Read more.
The overutilization of electric vehicles (EVs) has the potential to result in significant challenges regarding the reliability, contingency, and standby capabilities of traditional power systems. The utilization of renewable energy distributed generator (REDG) presents a potential solution to address these issues. By incorporating REDG, the reliance of EV charging power on conventional energy sources can be diminished, resulting in significant reductions in transmission losses and enhanced capacity within the traditional power system. The effective management of the REDG necessitates intelligent coordination between the available generation capacity of the REDG and the charging and discharging power of EVs. Furthermore, the utilization of EVs as a means of energy storage is facilitated through the integration of vehicle-to-grid (V2G) technology. Despite the importance of the V2G technology for EV owners and electric utility, it still has a slow progress due to the distrust of the revenue model that can encourage the EV owners and the electric utility as well to participate in V2G programs. This study presents a new wear model that aims to precisely assess the wear cost of EV batteries, resulting from their involvement in V2G activities. The proposed model seeks to provide EV owners with a precise understanding of the potential revenue they might obtain from participating in V2G programs, hence encouraging their active engagement in such initiatives. Various EV battery wear models are employed and compared. Additionally, this study introduces a novel method for optimal charging scheduling, which aims to effectively manage the charging and discharging patterns of EVs by utilizing a day-ahead pricing technique. This study presents a novel approach, namely, the gradual reduction of swarm size with the grey wolf optimization (GRSS-GWO) algorithm, for determining the optimal hourly charging/discharging power with short convergence time and the highest accuracy based on maximizing the profit of EV owners. Full article
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