Search Results (311)

In the context of global climate governance and the low-carbon energy transition, virtual power plant (VPP), a key technology for integrating distributed energy resources, is urgently needed to solve the problem of decentralization and lack of synergy in electricity, carbon, and green certificate trading. Existing studies mostly focus on single energy or carbon trading scenarios and lack a multi-market coupling mechanism supported by blockchain technology, resulting in low transaction transparency and a high risk of information tampering. For this reason, this paper proposes a synergistic optimization strategy for electricity/carbon/green certificate virtual power plants based on blockchain cross-chain transactions. First, Latin Hypercubic Sampling (LHS) is used to generate new energy output and load scenarios, and the K-means clustering method with improved particle swarm optimization are combined to cut down the scenarios and improve the prediction accuracy; second, a relay chain cross-chain trading framework integrating quota system is constructed to realize organic synergy and credible data interaction among electricity, carbon, and green certificate markets; lastly, the multi-energy optimization model of the virtual power plant is designed to integrate carbon capture, Finally, a virtual power plant multi-energy optimization model is designed, integrating carbon capture, power-to-gas (P2G) and other technologies to balance the economy and low-carbon goals. The simulation results show that compared with the traditional model, the proposed strategy reduces the carbon emission intensity by 13.3% (1.43 tons/million CNY), increases the rate of new energy consumption to 98.75%, and partially offsets the cost through the carbon trading revenue, which verifies the Pareto improvement of environmental and economic benefits. This study provides theoretical support for the synergistic optimization of multi-energy markets and helps to build a low-carbon power system with a high proportion of renewable energy. Full article

Shared energy storage (SES) represents a transformative approach to advancing sustainable energy systems through improved resource utilization and renewable energy integration. In order to enhance the economic benefits of energy storage and prosumers, as well as to increase the consumption rate of renewable energy, this paper proposes a bilevel optimization model for multi-prosumer power complementarity based on SES. The upper level is the long-term energy storage capacity configuration optimization, aiming to minimize the investment and operational costs of energy storage. The lower level is the intra-day operation optimization for prosumers, which reduces electricity costs through peer-to-peer (P2P) transactions among prosumers and the coordinated dispatch of SES. Meanwhile, an improved Nash bargaining method is introduced to reasonably allocate the P2P transaction benefits among prosumers based on their contributions to the transaction process. The case study shows that the proposed model can reduce the SES configuration capacity by 46.3% and decrease the annual electricity costs of prosumers by 0.98% to 27.30% compared with traditional SES, and the renewable energy consumption rate has reached 100%. Through peak–valley electricity price arbitrage, the annual revenue of the SES operator increases by 71.1%, achieving a win–win situation for prosumers and SES. This article, by optimizing the storage configuration and trading mechanism to make energy storage more accessible to users, enhances the local consumption of renewable energy, reduces both users′ energy costs and the investment costs of energy storage, and thereby promotes a more sustainable, resilient, and equitable energy future. Full article

The large-scale integration of renewable energy and electric vehicles(EVs) into power distribution systems presents complex operational challenges, particularly in coordinating market mechanisms with grid stability requirements. This study proposes a new dispatching method based on dynamic electricity prices to coordinate the relationship between the market and the physical characteristics of the power grid. The proposed approach introduces a multi-agent transaction model incorporating voltage regulation metrics and network loss considerations into market bidding mechanisms. For EV integration, a differentiated scheduling strategy categorizes vehicles based on usage patterns and charging elasticity. The methodological innovations primarily include an enhanced scheduling algorithm for coordinated optimization of renewable energy and energy storage, and a dynamic coordinated optimization method for EV clusters. Implemented on a modified IEEE test system, the framework demonstrates improved voltage stability through price-guided energy storage dispatch, with coordinated strategies effectively balancing peak demand management and renewable energy utilization. Case studies verify the system’s capability to align economic incentives with technical objectives, where time-of-use pricing dynamically regulates storage operations to enhance reactive power support during critical periods. This research establishes a theoretical linkage between electricity market dynamics and grid security constraints, providing system operators with a holistic tool for managing high-renewable penetration networks. By bridging market participation with operational resilience, this work contributes actionable insights for developing interoperable electricity market architectures in energy transition scenarios. Full article

Distributed power trading is becoming the future development trend of electric energy trading, and virtual power plant (VPP), as a kind of aggregated optimization scheme to enhance energy utilization efficiency, has received more and more attention for studying distributed trading among multiple VPPs. However, how to guarantee the economy, credibility, security, and efficiency of distributed transactions is still a key issue to be overcome. To this end, a multi-VPP power sharing trusted transaction strategy based on dual-chain blockchain is proposed. First, a dual-chain blockchain electric energy transaction architecture is proposed. Then, the VPP-independent operation cost model is constructed, based on which, the decision model of multi-VPP electric energy sharing transaction based on Nash negotiation theory is constructed. Again, an improved-Practical Byzantine Fault Tolerant (I-PBFT) consensus algorithm combining the schnorr protocol with the Diffie–Hellman key exchange algorithm and a smart contract for multi-VPP electricity trading are designed to realize trusted, secure, and efficient distributed transactions. Finally, the example results verify the effectiveness of the strategy proposed in this paper. Full article

With the soaring demand for electric power and the limited spinning reserve in the power system in Taiwan, the comprehensive management of both thermal power generation and load demand turns out to be a key to achieving the robustness and sustainability of the power system. This paper aims to design a demand bidding (DB) mechanism to collaborate between customers and suppliers on demand response (DR) to prevent the risks of energy shortage and realize energy conservation. The concurrent integration of the energy, transmission, and reserve capacity markets necessitates a new formulation for determining schedules and marginal prices, which is expected to enhance economic efficiency and reduce transaction costs. To dispatch energy and reserve markets concurrently, a hybrid approach of combining dynamic queuing dispatch (DQD) with direct search method (DSM) is developed to solve the extended economic dispatch (ED) problem. The effectiveness of the proposed approach is validated through three case studies of varying system scales. The impacts of tie-line congestion and area spinning reserve are fully reflected in the area marginal price, thereby facilitating the determination of optimal load reduction and spinning reserve allocation for demand-side management units. The results demonstrated that the multi-area bidding platform proposed in this paper can be used to address issues of congestion between areas, thus improving the economic efficiency and reliability of the day-ahead market system operation. Consequently, this research can serve as a valuable reference for the design of the demand bidding mechanism. Full article

Electric vehicles have garnered substantial attention as an environmentally sustainable transportation alternative amid escalating global concerns regarding ecological preservation and energy resource management. While the proliferation of electric vehicles necessitates the development of efficient and secure charging infrastructure, the inherent communication-intensive nature of the charging processes has raised concerns regarding potential privacy vulnerabilities. Our paper introduces a privacy protection scheme specifically designed for electric vehicle charging reservations to address this issue. The primary goal of this scheme is to protect user privacy while maintaining operational efficiency and economic viability for charging providers. Our proposed solution ensures a secure and private environment for charging reservation transactions and subsequent deviation settlements by incorporating advanced technologies, including zero-knowledge proof, a consortium blockchain, and homomorphic encryption. The scheme encrypts charging reservation information and securely transmits it via a consortium blockchain, effectively shielding the sensitive data of all participating parties. Notably, the experimental findings establish the robustness of our scheme in terms of its security and privacy protection, aligning with the stringent demands of electric vehicle charging operations. Full article

The integration of electric vehicles into modern mobility ecosystems relies heavily on reliable charging station infrastructures that support real-time communications and data-driven functionalities. Existing solutions often face security vulnerabilities in their firmware update mechanisms, compromising safety, user trust, and the broader deployment of these stations in emerging digital and connected environments. This paper aims to address these gaps by proposing a blockchain-based framework designed to provide secure, tamper-proof firmware updates for charging stations in a Web of Things environment. The approach uses decentralized ledger technologies to validate firmware integrity, authenticate update sources, and mitigate the risk of malicious or fraudulent content. In a comprehensive experimental setup, the proposed method demonstrates enhanced resilience against unauthorized firmware modifications and improved traceability of update transactions through immutable records. Results highlight a reduction in firmware compromise events, as well as improved detection and notification efficiencies in real-time networked systems. These findings suggest that integrating blockchain technology into firmware update workflows strengthens security in electric vehicle charging infrastructures. Consequently, the adoption of decentralized verification approaches can drive broader trust in connected mobility services, supporting safer and more efficient charging station networks while fostering future innovation in sustainable transport. Full article

Companies operating in the energy market in Poland conduct business activity on the basis of special regulations applicable to this type of entity. However, they are, like any other entrepreneur, exposed to the risk of delays in payments, non-payment, restructuring, or even bankruptcy of their contractor. Appropriate instruments should be used to mitigate these risks. There are many methods available today to deal with trading risks. However, they should be tailored to the individual needs of each entrepreneur based on an in-depth analysis of its contractors. This article analyzes the five largest companies selling electricity in Poland in terms of the risk of late payments in the period 2018–2023. It turned out that in the surveyed companies in the period 2018–2013, the amount of receivables was constantly increasing, and the average recovery term was longer than the average payment term in enterprises in general. The real impact of delayed payments on the profitability of the surveyed companies was also calculated. Then, the available methods of transaction risk mitigation (tangible collateral, personal collateral, form of paying, other legal, banking and insurance instruments) were analyzed and described, and whether and to what extent they are used in the surveyed companies. The conducted research also allowed the author to conclude that, unfortunately, despite the existence of many instruments, they are not used due to the costs and formalities associated with their acquisition. Full article

This research presents an innovative blockchain-based solution for the charging and energy trading of electric vehicles (EVs). By combining the strengths of two prominent consensus mechanisms, Proof of Work (PoW) and Proof of Stake (PoS), the proposed system balances security, decentralization, and energy efficiency. PoW secures the blockchain, while PoS enhances energy efficiency and scalability, key factors in meeting the growing demand for EV infrastructure. The system’s decentralized nature allows for EV owners, charging stations, and stakeholders to interact and transact transparently, without relying on centralized entities. The research conducts a comprehensive simulation to assess the performance of the proposed hybrid blockchain model, demonstrating significant improvements in cost-effectiveness, scalability, and energy management. Additionally, dynamic pricing mechanisms within the blockchain enable real-time energy trading, optimizing charging times and balancing grid demand efficiently. Through the use of smart contracts, automated pricing adjustments, and incentive-driven user behaviors, the proposed system paves the way for more sustainable, cost-effective, and efficient energy solutions in the future. Full article

The United Kingdom seeks to achieve net-zero emissions by 2050, mostly via the shift to an electrical system exclusively powered by zero-carbon sources. Microgrids (MGs) can be seen as an effective system for integrating renewables into the energy portfolio. Nonetheless, MGs face the acknowledged obstacle of backup power generation due to the intermittent nature of renewable energy sources, necessitating the establishment of backup power generation capacity. This paper contrasts selfish power generation, where the MG pursues complete energy autonomy, with an alternative influenced by lean principles (Heijunka production), which seeks to stabilise power transactions within the national electricity supply chain, reduce emissions, and tackle the backup generation challenge. This study proposes a pre-contractual order update (COU) strategy for the operation of hybrid collaborative MG where a forward order update to the utility grid is placed, in contrast to selfish MG, which uses a spot order update strategy. The COU strategy was defined, and two simulation models (for selfish and collaborative MG) were developed, each incorporating four backup generation scenarios to illustrate the method’s efficacy by assessing the system’s critical performance metrics. It has been found that the collaborative MG model reduced the carbon emissions by 62% and the volatility of unplanned orders to the grid by 61% compared to the selfish model in the first scenario (grid-dependent MG). Furthermore, the MG achieved zero volatility and a 33% reduction in carbon content in the collaborative MG when using the H₂ burner as backup generation compared to the first scenario. Indicating that sustainability encompasses not only the use of renewable resources but also the stability of their outputs through the implementation of collaborative MGs. Full article

The transition towards carbon neutrality and sustainable urban development necessitates innovative strategies for managing multi-energy supply stations (MESS), which integrate oil, gas, electricity, and hydrogen to support diversified energy demands. Existing revenue prediction models for MESS lack interpretability and multi-energy adaptability, hindering actionable insights for sustainable operations. This study proposes a novel Shapley additive explanations (SHAP)-driven machine learning framework for multi-energy supply station revenue forecasting. By leveraging real-world consumption data from Hangzhou West Lake Tanghe Station, we constructed a dataset with nine critical parameters, including energy types, transaction frequency, and temporal features. Four machine learning models—decision tree regression, random forest (RF), support vector regression, and multilayer perceptron—were evaluated using MAE, MSE, and R² metrics. The RF model achieved an R² of 0.98, demonstrating superior accuracy in predicting hourly gross transaction values. SHAP analysis further identified consumption volume and transaction frequency as the most influential factors, providing actionable insights for operational optimization. This research not only advances the scientific management of MESS but also contributes to carbon emission reduction by enabling data-driven resource allocation. The proposed framework offers policymakers and industry stakeholders a scalable tool to accelerate urban energy transitions under carbon neutrality goals, bridging the gap between predictive analytics and sustainable infrastructure planning. Full article

Amidst the escalating global challenges presented by climate change, carbon trading mechanisms have become critical tools for driving reductions in carbon emissions and optimizing energy systems. However, existing carbon trading models, constrained by fixed settlement cycles, face difficulties in addressing the scheduling needs of energy systems that operate across multiple time scales. To address this challenge, this paper proposes an optimal scheduling methodology for hydrogen-encompassing integrated energy systems that incorporates a multi-time-scale carbon trading mechanism. The proposed approach dynamically optimizes the scheduling and conversion of hydrogen energy, electricity, thermal energy, and other energy forms by flexibly adjusting the carbon trading cycle. It accounts for fluctuations in energy demand and carbon emissions occurring both before and during the operational day. In the day-ahead scheduling phase, a tiered carbon transaction cost model is employed to optimize the initial scheduling framework. During the day scheduling phase, real-time data are utilized to dynamically adjust carbon quotas and emission ranges, further refining the system’s operational strategy. Through the analysis of typical case studies, this method demonstrates significant benefits in reducing carbon emission costs, enhancing energy efficiency, and improving system flexibility. Full article

China’s power generation system has undergone reforms, leading to a competitive electricity market where independent producers participate through competitive bidding. With the rise of low-carbon policies, producers must optimize bidding strategies while reducing carbon emissions, creating complex interactions with local governments. Evolutionary game theory (EGT) is well-suited to analyze these dynamics. This study begins by summarizing the fundamental concepts of electricity trading markets, including transaction models, bidding mechanisms, and carbon reduction strategies. Existing research on the application of evolutionary game theory in power markets is reviewed, with a focus on theoretical constructs such as evolutionary stable strategies and replicator dynamics. Based on this foundation, the study conducts a detailed mathematical analysis of symmetric and asymmetric two-group evolutionary game models in general market scenarios. Building upon these models, a three-group evolutionary game framework is developed to analyze interactions within power producer groups and between producers and regulators under low-carbon mechanisms. A core innovation of this study is the incorporation of a case study based on China’s electricity market, which examines the evolutionary dynamics between local governments and power producers regarding carbon reduction strategies. This includes analyzing how regulatory incentives, market-clearing prices, and demand-side factors influence producers’ bidding and emission reduction behaviors. The study also provides a detailed analysis of the bidding strategies for small, medium, and large power producers, revealing the significant impact of carbon pricing and market-clearing prices on strategic decision-making. Specifically, the study finds that small producers tend to adopt more conservative bidding strategies, aligning closely with market-clearing prices, while large producers take advantage of economies of scale, adjusting their strategies at higher capacities. The study explores the conditions under which carbon emission reduction strategies achieve stable equilibrium, as well as the implications of these equilibria for both market efficiency and environmental sustainability. The study reveals that integrating carbon reduction strategies into power market dynamics significantly impacts bidding behaviors and long-term market stability, especially under the influence of governmental penalties and incentives. The findings provide actionable insights for both power producers and policymakers, contributing to the advancement of low-carbon market theories and supporting the global transition to sustainable energy systems. Full article

In the vigorous development of the power system, to address the economic challenges of multi-microgrid systems, this paper proposes a Nash bargaining model for collaboration between microgrid operators (MGs) and a distribution system operator (DSO) under conditions of multiple uncertainties. Firstly, a model for energy transactions between multiple complementary microgrid systems and a distribution system is established. Secondly, the chance-constrained method and robust optimization method are applied to model the multiple uncertainties in renewable energy generation and electricity trading prices. Moreover, using Nash bargaining theory, a cooperative operation model between MGs and a DSO is established, which is then transformed into two subproblems: cost minimization in cooperation and revenue maximization from power trading. To protect the privacy of each participant, a distributed solution approach using the alternating direction method of multipliers (ADMM) is applied to solve these subproblems. Finally, the simulation results indicate that the benefit values of all entities have improved after cooperative operation through the proposed model. Specifically, the benefit value of MG 1 is CNY 919,974.3, MG 2 is CNY 1,420,363.2, MG 3 is CNY 790,288.3, and the DSO is CNY 26,257.2. These results demonstrate that the proposed model has favorable economic performance. Full article

To ensure a smooth transition towards peak carbon emissions and carbon neutrality, one key strategy is to promote a low-carbon transition in the energy sector by facilitating the coordinated development of the electricity market, carbon market, and other markets. Currently, China’s national carbon market primarily focuses on the power generation industry. High-energy-consuming industries such as the steel industry not only participate in the electricity market but also play a significant role in China’s future carbon market. Despite existing research on market mechanisms, there remains a significant research gap in understanding how steel enterprises adjust their trading behaviors to optimize costs in multi-market coupling contexts. This study employs a system dynamics approach to model the trading interconnection between electricity trading (ET), carbon emission trading (CET), and tradable green certificates (TGC). Within this multi-market system, thermal power enterprises and renewable generators serve as suppliers of carbon allowances and green certificates, respectively, while steel companies must meet both carbon emission constraints and renewable energy consumption obligations. The results show that companies can reduce future market transaction costs by increasing the proportion of medium to long-term electricity contracts and the purchase ratio of green electricity. Additionally, a lower proportion of free quotas leads to increased costs in the carbon market transactions in later stages. Therefore, it is beneficial for steel companies to conduct cost analyses of their participation in multivariate market transactions in the long run and adapt to market changes in advance and formulate rational market trading strategies. Full article