A cooperation based transactive energy management for networked energy hubs considering improved payoff allocation mechanism

Tiwari, S. & Singh, J.G. (2024). A cooperation based transactive energy management for networked energy hubs considering improved payoff allocation mechanism. Sustainable Energy Technologies and Assessments 65 e103777. 10.1016/j.seta.2024.103777.

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Abstract

The growing electrical and thermal demand urges the parallel deployment of a power system's multi-carrier (electrical and natural gas) framework. Thus, this paper presents cooperation-based transactive energy management (C-TEM) for multi-carrier networked energy hubs (EHs). Transactive energy facilitates peer-to-peer energy exchange among the EHs and ensures dynamic energy balance to achieve economic and environmental benefits. Based on the cooperative theory, individual EHs collate to secure maximum profit, which is then fairly and stably allocated among the hubs. Hence, this research formulates an improved and updated payoff allocation mechanism that incorporates the special features (emission-free generation) of EHs to ensure the economic stability of the coalition. In this regard, four EHs are modelled, and integrated with heat-electricity-ice systems to investigate the effectiveness of the proposed approach. An algorithm based on scenario generation and reduction is employed to capture renewable sources’ uncertainties. Further, multi-energy demand response and electric vehicles are efficiently integrated to improve flexibility and performance. Furthermore, a free, peer-to-peer, local energy market is developed, which facilitates EHs to exchange the excess green energy to improve the coalition's performance. The results prove that C-TEM and flexible resources reduce operating costs and emissions by 38.72 % and 53.8 %, respectively. Moreover, the proposed framework cut down the net imported grid energy by 26.9 % while enhancing the coalition's self-reliability by 42.7 %. Moreover, the new allocation scheme ensures higher profit allocation to renewable energy-based energy hubs for their contribution to emission-free generation.

Item Type:	Article
Uncontrolled Keywords:	Multi-carrier energy system, Cooperative energy management, Demand response, Electric vehicles, Improved Shapley value for cost allocation
Research Programs:	Biodiversity and Natural Resources (BNR) Biodiversity and Natural Resources (BNR) > Agriculture, Forestry, and Ecosystem Services (AFE)
Depositing User:	Luke Kirwan
Date Deposited:	25 Apr 2024 07:54
Last Modified:	25 Apr 2024 07:54
URI:	https://pure.iiasa.ac.at/19672

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