Designing Transactive Market for Combined Heat and Power Management in Energy Hubs
This paper introduces a transactive market design for a combined heat and power (CHP) based energy hub (hub). The proposed model allows a hub operator to supply the hub's demands by participating in the day-ahead market and a transactive market with CHPs and also in the real-time market by usin...
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doaj-12237bf52e9a4673980b0a7fe12adb742021-03-30T15:08:37ZengIEEEIEEE Access2169-35362021-01-019314113141910.1109/ACCESS.2021.30598939355145Designing Transactive Market for Combined Heat and Power Management in Energy HubsManijeh Alipour0https://orcid.org/0000-0003-0414-3191Mehdi Abapour1https://orcid.org/0000-0003-0241-7021Sajjad Tohidi2https://orcid.org/0000-0002-0220-6075Saeid Gholami Farkoush3https://orcid.org/0000-0001-7602-877XSang-Bong Rhee4https://orcid.org/0000-0001-5465-3945School of Electrical and Computer Engineering, University of Tabriz, Tabriz, IranSchool of Electrical and Computer Engineering, University of Tabriz, Tabriz, IranSchool of Electrical and Computer Engineering, University of Tabriz, Tabriz, IranDepartment of Electrical Engineering, Yeungnam University, Gyeongsan, South KoreaDepartment of Electrical Engineering, Yeungnam University, Gyeongsan, South KoreaThis paper introduces a transactive market design for a combined heat and power (CHP) based energy hub (hub). The proposed model allows a hub operator to supply the hub's demands by participating in the day-ahead market and a transactive market with CHPs and also in the real-time market by using a recursive moving window algorithm. The proposed local energy market for a hub operator and CHPs is based on the double auction P2P trading mechanism. The model develops an optimal bidding and offering strategies for CHPs and hub operators, respectively, to achieve optimal transactions. The CHPs may be equipped with boiler unit and heat buffer tank (HBT) beside CHP units. The uncertain nature of the hub's electrical load, real-time and day-ahead markets prices and wind speed is addressed by using robust optimization. The procedure aimed at minimizing the worst-case CHP-based hub's demand procurement cost even though flexibly regulating the solution robustness. Further, case studies investigate the economic impact of robustness on the hub's cost.https://ieeexplore.ieee.org/document/9355145/Transactive marketenergy hubcombined heatpower systems |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Manijeh Alipour Mehdi Abapour Sajjad Tohidi Saeid Gholami Farkoush Sang-Bong Rhee |
spellingShingle |
Manijeh Alipour Mehdi Abapour Sajjad Tohidi Saeid Gholami Farkoush Sang-Bong Rhee Designing Transactive Market for Combined Heat and Power Management in Energy Hubs IEEE Access Transactive market energy hub combined heat power systems |
author_facet |
Manijeh Alipour Mehdi Abapour Sajjad Tohidi Saeid Gholami Farkoush Sang-Bong Rhee |
author_sort |
Manijeh Alipour |
title |
Designing Transactive Market for Combined Heat and Power Management in Energy Hubs |
title_short |
Designing Transactive Market for Combined Heat and Power Management in Energy Hubs |
title_full |
Designing Transactive Market for Combined Heat and Power Management in Energy Hubs |
title_fullStr |
Designing Transactive Market for Combined Heat and Power Management in Energy Hubs |
title_full_unstemmed |
Designing Transactive Market for Combined Heat and Power Management in Energy Hubs |
title_sort |
designing transactive market for combined heat and power management in energy hubs |
publisher |
IEEE |
series |
IEEE Access |
issn |
2169-3536 |
publishDate |
2021-01-01 |
description |
This paper introduces a transactive market design for a combined heat and power (CHP) based energy hub (hub). The proposed model allows a hub operator to supply the hub's demands by participating in the day-ahead market and a transactive market with CHPs and also in the real-time market by using a recursive moving window algorithm. The proposed local energy market for a hub operator and CHPs is based on the double auction P2P trading mechanism. The model develops an optimal bidding and offering strategies for CHPs and hub operators, respectively, to achieve optimal transactions. The CHPs may be equipped with boiler unit and heat buffer tank (HBT) beside CHP units. The uncertain nature of the hub's electrical load, real-time and day-ahead markets prices and wind speed is addressed by using robust optimization. The procedure aimed at minimizing the worst-case CHP-based hub's demand procurement cost even though flexibly regulating the solution robustness. Further, case studies investigate the economic impact of robustness on the hub's cost. |
topic |
Transactive market energy hub combined heat power systems |
url |
https://ieeexplore.ieee.org/document/9355145/ |
work_keys_str_mv |
AT manijehalipour designingtransactivemarketforcombinedheatandpowermanagementinenergyhubs AT mehdiabapour designingtransactivemarketforcombinedheatandpowermanagementinenergyhubs AT sajjadtohidi designingtransactivemarketforcombinedheatandpowermanagementinenergyhubs AT saeidgholamifarkoush designingtransactivemarketforcombinedheatandpowermanagementinenergyhubs AT sangbongrhee designingtransactivemarketforcombinedheatandpowermanagementinenergyhubs |
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