Modeling the Cross Impact of Multi-Energy Player's Price Equilibrium in Retail and Wholesale Markets

• Type: Article in International Conference Proceedings Book
• Date: 2017

Authors

Damavandi, MY (Author) Other; Neyestani, N (Author) Other; Bahramara, S (Author) Other; Shafie khah, M (Author) Other; Catalao, JPS (Author) FEUP

Conference proceedings International

Title: 2017 IEEE MANCHESTER POWERTECH

IEEE Manchester PowerTech

Manchester, ENGLAND, JUN 18-22, 2017

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 1 Citation

Other information

Authenticus ID: P-00N-37N

DOI: 10.1109/ptc.2017.7981242

Abstract (EN): Integration of emerging energy resources in distribution level reveals new opportunities for decision makers to coordinate various energy vectors under the concept of multi-energy system (MES). In this paper, the behavior of a multi-energy player (MEP) who can trade more than one energy carrier to enhance operational flexibility of MES has been investigated. MEP participates in retail and wholesale energy markets to maximize its profit. The strategic behavior of MEP in these two markets is modeled as two synchronized bi-level problems. The problem is linearized and solved through CPLEX 12 solver. Numerical results show the behavior of MEP as a prosumer in the electricity market to make a smother demand and price profile. Moreover, the results reveal a mutual effect of local and wholesale equilibrium prices by increasing the market share of MEP.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6