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Register a new userCooperation and Competition among Energy Storages
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Added by
Jesus Contreras Ocana
Publication date
2015
fields
Informatics Engineering
and research's language is
English
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We study competition and cooperation among a group of storage units. We show that as the number of storages increases, the profit of storages approaches zero under Nash competition. We propose two ways in which storages can achieve non-zero profit and show that they are optimal in the sense that storages achieve the maximum possible profit. The first is a decentralized approach in which storages are exposed to artificial cost functions that incentivize them to behavior as a coalition. No private information needs to be exchanged between the storages to calculate the artificial function. The second is a centralized approach in which an aggregator coordinates and splits profits with storages in order to achieve maximum profit. We use Nashs axiomatic bargaining problem to model and predict the profit split between aggregator and storages.
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The far-reaching consequences of ecological interactions in the dynamics of biological communities remain an intriguing subject. For decades, competition has been a cornerstone in ecological processes, but mounting evidence shows that cooperation does also contribute to the structure of biological communities. Here, we propose a simple deterministic model for the study of the effects of facilitation and competition in the dynamics of such systems. The simultaneous inclusion of both effects produces rich dynamics and captures the context-dependence observed in the formation of ecological communities. The approach reproduces relevant aspects of primary and secondary plant succession, the effect invasive species, and the survival of rare species. The model also takes into account the role of the ecological priority effect and stress the crucial role of facilitation in conservation efforts and species coexistence.
We study how storage, operating as a price maker within a market environment, may be optimally operated over an extended period of time. The optimality criterion may be the maximisation of the profit of the storage itself, where this profit results from the exploitation of the differences in market clearing prices at different times. Alternatively it may be the minimisation of the cost of generation, or the maximisation of consumer surplus or social welfare. In all cases there is calculated for each successive time-step the cost function measuring the total impact of whatever action is taken by the storage. The succession of such cost functions provides the information for the storage to determine how to behave over time, forming the basis of the appropriate optimisation problem. Further, optimal decision making, even over a very long or indefinite time period, usually depends on a knowledge of costs over a relatively short running time horizon -- for storage of electrical energy typically of the order of a day or so. We study particularly competition between multiple stores, where the objective of each store is to maximise its own income given the activities of the remainder. We show that, at the Cournot Nash equilibrium, multiple large stores collectively erode their own abilities to make profits: essentially each store attempts to increase its own profit over time by overcompeting at the expense of the remainder. We quantify this for linear price functions We give examples throughout based on Great Britain spot-price market data.
The emerging paradigm of interconnected microgrids advocates energy trading or sharing among multiple microgrids. It helps make full use of the temporal availability of energy and diversity in operational costs when meeting various energy loads. However, energy trading might not completely absorb excess renewable energy. A multi-energy management framework including fuel cell vehicles, energy storage, combined heat and power system, and renewable energy is proposed, and the characteristics and scheduling arrangements of fuel cell vehicles are considered to further improve the local absorption of the renewable energy and enhance the economic benefits of microgrids. While intensive research has been conducted on energy scheduling and trading problem, a fundamental question still remains unanswered on microgrid economics. Namely, due to multi-energy coupling, stochastic renewable energy generation and demands, when and how a microgrid should schedule and trade energy with others, which maximizes its long-term benefit. This paper designs a joint energy scheduling and trading algorithm based on Lyapunov optimization and a double-auction mechanism. Its purpose is to determine the valuations of energy in the auction, optimally schedule energy distribution, and strategically purchase and sell energy with the current electricity prices. Simulations based on real data show that each individual microgrid, under the management of the proposed algorithm, can achieve a time-averaged profit that is arbitrarily close to an optimum value, while avoiding compromising its own comfort.
The study aims to generate a map of the knowledge based on the research on topics related to governance and security, risks, competition and cooperation for the FDDI (Fudan Development Institute) proceedings publishing project: Reflections on Governance: Security and Risks, Competition and Cooperation. That mapping exercise would enable a broader audience to delve into the current state, and interdisciplinary pathways of the research published worldwide for addressing complex problems of governance. Following this introduction, the second section presents the bibliometric methods used and the results interpretation. The third section presents the results, followed by the fourth and fifth sections of discussion and conclusion, respectively.
Efforts to efficiently promote the participation of distributed energy resources in community microgrids require new approaches to energy markets and transactions in power systems. In this paper, we contribute to the promising approach of peer-to-peer (P2P) energy trading. We first formalize a centralized welfare maximization model of an economic dispatch with perfect information based on the value of consumption with zero marginal-cost energy. We characterize the optimal solution and corresponding price to serve as a reference for P2P approaches and show that the profit-maximizing strategy for individuals with storage in response to an optimal price is not unique. Second, we develop a novel P2P algorithm for negotiating energy trades based on iterative price and quantity offers that yields physically feasible and at least weakly Pareto-optimal outcomes. We prove that the P2P algorithm converges to the centralized solution in the case of two agents negotiating for a single period, demonstrate convergence for the multi-agent, multi-period case through a large set of random simulations, and analyze the effects of storage penetration on the solution.
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