RESEARCH PAPER
Optimizing Virtual Energy Hub’s for Enhanced Market Participation and Operational Resilience
1
School of Electrical Engineering, Southeast University, China
2
School of electrical engineering, Nanjing Institute of Technology, China
Submission date: 2024-06-06
Final revision date: 2024-08-03
Acceptance date: 2024-09-10
Online publication date: 2024-09-19
Publication date: 2024-09-19
Eksploatacja i Niezawodność – Maintenance and Reliability 2025;27(1):193171
HIGHLIGHTS
- Innovative Modeling: Optimal market engagement with robust stochastic optimization.
- Interactive EMM: Free energy trading platform for VEHs, ensuring dynamic planning.
- Market-Based DRPs: Integrating direct load control and demand response applications.
- Diverse Supply Integration: CHP, PV, and varied storage options for risk mitigation.
- Dynamic Optimization: Focus on economic viability and sustainability in VEH operation.
KEYWORDS
Industrial energy hubsEnergy managementMarket participation strategyStochastic optimizationAncillary services
TOPICS
ABSTRACT
In this study, the IEEE 14-bus test system is employed to evaluate the proposed energy management strategy for Virtual Energy Hubs (VEHs). The results demonstrate significant cost reductions with the integration of the interactive Energy Market Management (EMM) system. In the baseline scenario, operating costs were reduced by 10.01% when the EMM was introduced, and further reduced by 13.11% with the addition of direct load control programs. The most significant cost reduction of 56.39% was achieved in scenarios incorporating both EMM and ancillary service demand response programs. Additionally, the use of direct load control programs alone resulted in a 6.02% reduction in operating costs, while ancillary service demand response programs contributed an additional 2.29% cost savings. These findings underscore the substantial potential for cost reduction and efficiency improvements through advanced energy management strategies.
FUNDING
This work was supported by the general project of the National Natural Science Foundation of China, "Research on Elastic Energy Management and Operation Strategy of Comprehensive Energy Efficient Power Plants Based on Information Driven" (51977032), and the Smart Grid funding project of the National Natural Science Foundation of China, "Research on Operation Mechanism and Key Technologies of Comprehensive Energy Systems Based on Institutional Effectiveness Theory" (U1966204).
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CITATIONS (1):
1.
Intelligent Systems in Production Engineering and Maintenance IV
Anna Borucka, Aleksander Jawor
Anna Borucka, Aleksander Jawor
| eISSN: | 2956-3860 |
| ISSN: | 1507-2711 |
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