Increasing Renewable Energy Consumption Coordination With the Monthly Interprovincial Transaction Market

Ye Cai,Xiafei Tang,Yudong Tan,Ying Liu,Yijia Cao

doi:10.3389/fenrg.2021.719419

Abstract

The limited regulation capacity of the power grid, coupled with the imperfect market mechanism, has squeezed the space for renewable energy consumption in China. This article proposes a renewable energy consumption mechanism through the monthly interprovincial transaction market, to balance the revenue of each market participant and improve the consumption of renewable energy. A new player named “interprovincial traders” is introduced to serve as the middleman for the renewable generation, users, and the power grid company. The main function of “interprovincial traders” is to coordinate and match the user load with the output of renewable energy. In such a market mechanism, the social factors, influenced by the revenue of each trading cycle, are considered in the user responding model from the perspective of consumer psychology. Finally, a two-phase optimization model is proposed to promote renewable energy consumption coordination with the monthly interprovincial market. The optimization model is simulated in a provincial power grid example. The results show that the model can effectively increase the consumption of renewable energy as well as improve the profit of power grid companies and users.

Highlights

Serious environmental problems affect sustainable development in China (Yang et al, 2010)
By providing ancillary services Melo et al (2018) or making renewable portfolio standards Kroposki et al (2013), users and the power grid company can be incentivized to participate in demand response to increase the consumption of renewable energy
A new player of “Interprovincial Traders” has been proposed as a middleman to coordinate and match the user load with the output of renewable energy. Social factors, such as the sensitivity to policy publicity and interactions among group behavior, are considered in the long-time scale, which are used to describe the impact of the phased revenue in the monthly interprovincial transaction process on user demand responsiveness

Summary

INTRODUCTION

Serious environmental problems affect sustainable development in China (Yang et al, 2010). By providing ancillary services Melo et al (2018) or making renewable portfolio standards Kroposki et al (2013), users and the power grid company can be incentivized to participate in demand response to increase the consumption of renewable energy These methods do not consider the impact of social factors on demand response in the long-time scales. A new player of “Interprovincial Traders” has been proposed as a middleman to coordinate and match the user load with the output of renewable energy Social factors, such as the sensitivity to policy publicity and interactions among group behavior, are considered in the long-time scale, which are used to describe the impact of the phased revenue in the monthly interprovincial transaction process on user demand responsiveness. The medium- and long-term source–load interactive optimization model framework to promote the renewable energy consumption includes two stages: short-time scale and monthly interprovincial transactions. After the transaction is cleared, the user subsidy cost is reasonably allocated according to the settlement rules designed in Transaction Settlement

Objective

CONCLUSION

Findings

DATA AVAILABILITY STATEMENT