Search Results (473)

In line with the goals of “peak carbon emissions and carbon neutrality”, this study aims to develop a market-coordinated operation mechanism to promote renewable energy adoption and consumption, addressing the challenges of integrating medium- and long-term trading with spot markets in power systems with high renewable energy penetration. A three-stage joint operation framework is proposed. First, a medium- and long-term trading game model is established, considering multiple energy types to optimize the benefits of market participants. Second, machine learning algorithms are employed to predict renewable energy output, and a contract decomposition mechanism is developed to ensure a smooth transition from medium- and long-term contracts to real-time market operations. Finally, a day-ahead market-clearing strategy and an incentive-compatible settlement mechanism, incorporating the constraints from contract decomposition, are proposed to link the two markets effectively. Simulation results demonstrate that the proposed mechanism effectively enhances resource allocation and stabilizes market operations, leading to significant revenue improvements across various generation units and increased renewable energy utilization. Specifically, thermal power units achieve a 19.12% increase in revenue, while wind and photovoltaic units show more substantial gains of 38.76% and 47.52%, respectively. Concurrently, the mechanism drives a 10.61% increase in renewable energy absorption capacity and yields a 13.47% improvement in Tradable Green Certificate (TGC) utilization efficiency, confirming its overall effectiveness. This research shows that coordinated optimization between medium- and long-term/spot markets, combined with a well-designed settlement mechanism, significantly strengthens the market competitiveness of renewable energy, providing theoretical support for the market-based operation of the new power system. 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 introduction of Renewable Energy Sources (RESs) into the electricity grid is changing the price dynamics of the electricity market and creating room for flexibility on the consumption side. This paper investigates different aspects of the interaction between the RES share, electricity spot prices, and electric vehicle (EV) charging strategies. Based on empirical data from Germany, France, and the Czech Republic for the period 2015–2025, four research hypotheses are tested using correlation and regression analysis, cost simulations, and classification algorithms. The results confirm a negative correlation between the RES share and electricity prices, as well as the effectiveness of smart charging in reducing costs. At the same time, it is shown that the occurrence of negative prices is significantly affected by a high RES share. The correlation analysis further suggests that higher production from RESs increases the potential for price optimisation through smart charging. The findings have implications for policymaking aimed at flexible consumption and efficient RES integration. Full article

The sheaths of bamboo shoots, characterized by distinct colors and spotting patterns, are key phenotypic markers influencing species classification, market value, and genetic studies. This study introduces YOLOv8-BS, a deep learning model optimized for detecting these traits in Chimonobambusa utilis using a dataset from Jinfo Mountain, China. Enhanced by data augmentation techniques, including translation, flipping, and contrast adjustment, YOLOv8-BS outperformed benchmark models (YOLOv7, YOLOv5, YOLOX, and Faster R-CNN) in color and spot detection. For color detection, it achieved a precision of 85.9%, a recall of 83.4%, an F1-score of 84.6%, and an average precision (AP) of 86.8%. For spot detection, it recorded a precision of 90.1%, a recall of 92.5%, an F1-score of 91.1%, and an AP of 96.1%. These results demonstrate superior accuracy and robustness, enabling precise phenotypic analysis for bamboo germplasm evaluation and genetic diversity studies. YOLOv8-BS supports precision agriculture by providing a scalable tool for sustainable bamboo-based industries. Future improvements could enhance model adaptability for fine-grained varietal differences and real-time applications. Full article

Determining the effectiveness of fungicide programs based on cultivar resistance to pathogens, especially late leaf spot (caused by Nothopassalora personata (Berk. & M.A. Curtis) [U. Braun, C. Nakash., Videira & Crous]) is important in establishing recommendations to peanut (Arachis hypogaea L.) farmers. Research was conducted in North Carolina during 2021 and 2022 at three locations to compare the incidence of late leaf spot (e.g., visual estimates of percent of peanut leaflets with lesions), percentage of the peanut canopy defoliated caused by this disease, and yield of the peanut cultivars Bailey II, Emery, and Sullivan when exposed to five fungicide regimens including a non-treated control. Peanut yield was not affected by the interaction of cultivar × fungicide regimens. While differences in leaf spot incidence and canopy defoliation were noted for cultivars, these differences did not translate into differences in peanut yield. All fungicides regimens protected peanut yield from leaf spot disease regardless of the number of sprays during the cropping cycle (e.g., three, four, or five sprays). Peanut yield in the absence of fungicides was 4410 kg/ha compared with a range of 5000 to 5390 kg/ha when fungicides were applied. Peanut yield was greater when fungicides were applied four or five times compared with only three sprays or non-treated peanut. The regimen with five consecutive sprays of chlorothalonil alone for the first and final spray in the regimen and when this fungicide was applied with tebuconazole for the second, third, and fourth sprays was as effective as fungicide regimens including combinations of pydiflumetofen plus azoxystrobin plus benzovindiflupyr, mefentrifluconazole plus pyraclostrobin plus fluxapyroxad, bixafen plus flutriafol, and prothioconazole plus tebuconazole. Full article

Recent European regulations promote distributed energy resources as alternatives to centralized generation. This study compares utility-scale and distributed photovoltaic (PV) systems coupled with Battery Energy-Storage Systems (BESSs) in the Italian electricity market, analyzing different battery sizes. A multistage stochastic mixed-integer linear programming model, using Monte Carlo PV production scenarios, optimizes day-ahead and intra-day market offers while incorporating PV forecast updates. In real time, battery flexibility reduces imbalances. Here we show that, to ensure dispatchability—defined as keeping annual imbalances below 5% of PV output—a 1 MW PV system requires 220 kWh of storage for utility-scale and 50 kWh for distributed systems, increasing the levelized cost of electricity by +13.1% and +1.94%, respectively. Net present value is negative for BESSs performing imbalance netting only. Therefore, a multiple service strategy, including imbalance netting and energy arbitrage, is introduced. Performing arbitrage while keeping dispatchability reaches an economic optimum with a 1.7 MWh BESS for utility-scale systems and 1.1 MWh BESS for distributed systems. These results show lower PV firming costs than previous studies, and highlight that under a multiple-service strategy, better economic outcomes are obtained with larger storage capacities. Full article

The electricity market can optimize the resource allocation in power systems by calculating the market clearing problem. However, in the market clearing process, various market operation requirements must be considered. These requirements might cause the obtained power system dispatch instructions to deviate from the optimal solutions of original market clearing problems, thereby compromising the economic properties of locational marginal price (LMP). To mitigate the adverse effects of such optimality limitations, this paper proposes a pricing method for improving economic properties under the optimality limitation of power system dispatch instructions. Firstly, the underlying mechanism through which optimality limitations lead to economic property distortions in the electricity market is analyzed. Secondly, an analytical framework is developed to characterize economic properties under optimality limitations. Subsequently, an optimization-based electricity market pricing model is formulated, where price serves as the decision variable and economic properties, such as competitive equilibrium, are incorporated as optimization objectives. Case studies show that the proposed electricity market pricing method effectively mitigates the economic property distortions induced by optimality limitations and can be adapted to satisfy different economic properties based on market preferences. Full article

This paper examines arbitrage opportunities available in one of the largest wholesale electricity markets in the world, the Midcontinent Independent System Operator (MISO) electricity exchange. While prior research suggests that market efficiency on the exchange has increased over time, this study reveals that historical pricing information can still be used to generate positive returns. I find that a trading rule based on prior spot and forward prices generates statistically and economically significant risk-adjusted returns across the entire MISO footprint. These returns may in part be explained by the relatively small number of financial traders in the market and the ability of generation owners to exercise market power. Full article

Rural tourism plays a crucial role in promoting industrial revitalization in mountainous regions. Drawing inspiration from the site selection mechanisms of nature reserves, this study constructs a gap analysis framework tailored to rural tourism destinations, aiming to provide technical support for their spatial layout and systematic planning. By integrating a potential evaluation system based on tourism resources, market demand, and synergistic factors, the study identifies rural tourism priority zones and proposes a development typology and spatial optimization strategy across five provinces in Southwest China. The findings reveal: (1) First- and second-priority zones are primarily located in the core and periphery of provincial capitals and prefecture-level cities, while third-priority zones are concentrated in resource-rich areas of Yunnan and Guizhou and market-oriented areas of Sichuan, Chongqing, and Guangxi. (2) The Chengdu Plain emerges as the core region for rural tourism development, with hotspots clustered around Chengdu, northern and western Guizhou, central Chongqing, eastern Guangxi, and northwestern Yunnan, whereas cold spots are mainly situated in the western Sichuan Plateau and the Leshan–Liangshan–Zhaotong–Panzhihua–Chuxiong–Pu’er belt. (3) The alignment between tourism resources and rural tourism destinations is highest in Yunnan and Guizhou, while Chongqing exhibits the strongest match between destinations and tourism market potential and synergistic development conditions. Overall, 79.35% of rural tourism destinations in the region are situated within identified priority zones, with Chongqing, Guizhou, and Sichuan exhibiting the highest proportions. Based on the spatial mismatch between potential and existing destinations, the study delineates four development types—maintenance and enhancement, supplementation and upgrading, expansion, and reserve development—and offers regionally tailored planning recommendations. The proposed framework provides a replicable approach for spatial planning of rural tourism destinations in complex mountainous settings. Full article

Based on the theoretical framework of Multivariate Stochastic Volatility (MSV), this paper combines the Dynamic Generalized Correlation (DGC) model with the t-distribution, establishes the DGC-t-MSV model, and employs the Markov Chain Monte Carlo (MCMC) algorithm based on the Bayesian principle for efficient estimation to investigate the price volatility spillover effects in China’s energy supply chains. The results of this study indicate the following: (1) The upstream crude oil spot price has a positive spillover effect on the midstream freight price. The downstream diesel market price, 92 gasoline market price, and 95 gasoline market price all exert positive volatility spillovers on the midstream crude oil freight price. (2) The volatility spillover effect between the upstream power coal price and the midstream coal freight price exhibits unidirectionality, and the volatility is transmitted from the power coal price to the coal freight price. (3) The upstream natural gas price and the midstream liquefied natural gas market price display asymmetric characteristics. Among them, the upstream natural gas price has a unidirectional and more pronounced positive volatility spillover effect on the midstream liquefied natural gas market price. Full article

The configuration of energy storage systems in offshore wind farms can effectively suppress fluctuations in wind power and enhance the stability of the power grid. However, the economic balance between the cost of energy storage systems and the fluctuations in wind power remains an urgent challenge to be addressed, especially against the backdrop of widespread spot trading in the electricity market. How to achieve effective wind power stabilization at the lowest cost has become a key issue. This paper proposes three different energy storage configuration strategies and adopts the non-dominated sorting genetic algorithm (NSGA-II) to conduct multi-objective optimization of the system. NSGA-II performed stably in dual-objective scenarios and effectively balanced the relationship between the investment cost of the energy storage system and power fluctuations through the explicit elite strategy. Furthermore, this study analyzed the correlation between the rated power and rated capacity of the energy storage system and the battery life, and corrected the battery life of the Pareto frontier solution obtained by NSGA-II. The research results show that when only considering the investment cost of the energy storage, the optimal configuration was a rated power of 4 MW and a rated capacity of 28 MWh, which could better balance the investment economy and power fluctuation. When further considering the participation of energy storage systems in the electricity spot market, the economic efficiency of the energy storage systems could be significantly improved through the fixed-period electricity price arbitrage method. At this point, the optimal configuration was a rated power of 8 MW and a rated capacity of 37 MWh. The corresponding project investment cost was CNY 242.77 million, and the annual fluctuation rate of the wind power output decreased to 17.84%. Full article

To promote the sustainable use of land resources and improve air pollution control, this study investigates the spatiotemporal dynamics of industrial land development and the heterogeneity of PM_2.5 concentrations across regions. Based on national land transaction data and PM_2.5 raster datasets, the analysis employs Moran’s I, a hot and cold spot analysis, and multivariate linear regression to examine how the transaction frequency, transaction area, and total transaction price of industrial land influence PM_2.5 concentrations in 286 cities from 2010 to 2021. The study focuses on quantifying the impact of industrial land development on PM_2.5 concentrations. The main findings are as follows: (1) the frequency of industrial land transactions varies significantly across regions, with clear intra-regional differences. The transaction area and total transaction price decrease in the following order: “East-West-Central-North-East” and “East-Central-West-North-East”, respectively. (2) The spatial clustering of PM_2.5 concentrations has intensified, with hot spots concentrated in Eastern and Central cities. Cold spots are distributed in bands along the Southern coast and scattered patterns in Heilongjiang Province. (3) The influence of industrial land development on PM_2.5 concentrations has generally weakened nationwide, with the strongest effects observed in the Eastern region. Among the development indicators, the impact of the transaction area is increasing, while those of the transaction frequency and total price are declining, showing clear regional disparities. Therefore, integrating sustainable development principles into the adjustment of the industrial land market is essential for effective air pollution prevention. Full article

Peach (Prunus persica) is a fruit crop of significant economic and cultural value, particularly in Japan, where it is cherished for its symbolism of summer and high quality. However, its production is threatened by bacterial spot caused by Xanthomonas arboricola pv. pruni (Xap), a pathogen that also affects other Prunus species such as nectarines, plums, apricots, and almonds. Xap thrives in warm, humid environments and causes symptoms such as water-soaked lesions, necrotic spots, premature defoliation, and fruit blemishes, leading to reduced yield and marketability. Traditional control methods, including copper-based bactericides and antibiotics, are increasingly ineffective due to resistance development and environmental concerns. This review focuses on the biology, epidemiology, and pathogenic mechanisms of Xap, with particular emphasis on its impact on peach production in Japan. We discuss various disease management strategies, such as integrated disease management, biostimulants, cellulose nanofibers, plant defense activators, and biological control agents, alongside novel molecular approaches targeting bacterial virulence factors. By incorporating these innovative and eco-friendly methods with traditional practices, this review offers insights into the potential for sustainable, environmentally friendly solutions to manage bacterial spot and mitigate its impact on peach production. Full article

This paper introduces advanced computational methods for stock price prediction, integrating Fast Recurrent Neural Networks (FastRNN) with meta-heuristic algorithms such as the Horse Herd Optimization Algorithm (HOA) and the Spotted Hyena Optimizer (SHO). By challenging the Efficient Market Hypothesis (EMH) and Random Walk Hypothesis, our research demonstrates the effectiveness of these hybrid models in semi-strong or weak-form efficient markets. The study leverages data from five listed Iranian companies (2011–2021) and 25 factors encompassing technical, fundamental, and economic considerations. Our findings highlight the superior accuracy of the FastRNN optimised by HOA, SHO, and a Generative Adversarial Network (GAN) in forecasting stock prices compared to conventional FastRNN models. This research contributes to the multidisciplinary field of computational economics, emphasising advanced computing capabilities to address complex economic problems through innovative econometrics, optimisation, and machine learning approaches. Full article

The huge penetration of renewable energy sources poses several challenges for the function of electricity markets, such as increased price volatility and massive curtailments. This paper investigates the current structure of the wholesale electricity market in Greece under the Target Model guidelines. Our analysis put under scrutiny the formation and function of both spot and balancing markets by highlighting key challenges and reforms. Empirical evidence reveals that the domestic market is currently in accordance with the European Target Model; however, the anticipated benefits in terms of more competitive prices are not evident yet. The oversupply of electricity accompanied by low demand that is apparent in the Greek market points to the rapid participation of storage units in the system. The paper provides a detailed description of the recent support mechanism to facilitate the integration of BESS into the system. Eventually, this is anticipated to reduce price volatility and smoothen the price curves. Full article