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Records Added in March 2023
Records added in March 2023
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2551. LAPSE:2023.23645
Switched Reluctance Generator for Low Voltage DC Microgrid Operation: Experimental Validation
March 27, 2023 (v1)
Subject: Process Control
Keywords: DC voltage control, efficiency optimisation, Finite Element Analysis, Switched Reluctance Generator
This paper presents the control of a Switched Reluctance Generator (SRG) for low voltage DC grid with the objective of efficiency maximizing. Analysis of the energy conversion, including electrical machine losses (Joule, magnetic, mechanical) and power converter losses (switching and conduction), has shown that there is an optimal combination of control variables (turn-on and conduction angles, phase current reference), which maximizes the drive efficiency. The control variables are derived from a Finite Element Analysis and parametric optimization algorithm for all of the operating points in the torque-speed plane and stored in lookup tables. The performances are evaluated with intensive numerical simulations and experimental tests with a 8/6 SRG feeding a DC resistive load for different rotational speeds. The results show good performances of the output DC voltage control with low ripples, even in the presence of speed and load variations. Thanks to the optimization, simulation resul... [more]
2552. LAPSE:2023.23644
Ion Flow Field Calculation Considering the Influence of Water Drops and Wind Flow
March 27, 2023 (v1)
Subject: Modelling and Simulations
Keywords: corona discharge, CSM, ion flow field, space charge density, UFVM
In this work, an effective calculation method of the ion flow field that considers the impact of wind flow and water drops is presented. To be explicit, the nominal electric field is solved by the charge simulation method (CSM) whilst the space charge density is calculated adopting a second order upwind finite volume method. In addition, a method that determines the roughness factor of a conductor surface is used to enhance calculation accuracy. The influence of various properties of the water drops exerting on an ion flow field is analyzed. Eventually, a practical experiment is conducted to verify the calculated result, and the effectiveness and reliability of this method are then proved via comparing calculated and measured results.
2553. LAPSE:2023.23643
Electrothermal Averaged Model of a Diode-Transistor Switch Including IGBT and a Rapid Switching Diode
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: averaged model, DC–DC converter, diode–transistor switch, electrothermal model, IGBT, power electronics, self-heating, thermal phenomena
This study proposes an electrothermal averaged model of the diode−transistor switch including insulated gate bipolar transistor (IGBT) and a rapid switching diode. The presented model has the form of subcircuits dedicated for simulation program with integrated circuit emphasis (SPICE) and it makes it possible to compute characteristics of DC−DC converters at the steady state considering self-heating phenomena, both in the diode and in IGBT. This kind of model allows computations of voltages, currents and internal temperatures of all used semiconductor devices at the steady state. The formulas used in this model are adequate for both: continuous conducting mode (CCM) and discontinuous conducting mode (DCM). Correctness of the proposed model is verified experimentally for a boost converter including IGBT. Good accuracy in modeling these converter characteristics is obtained.
2554. LAPSE:2023.23642
A Scheduling Method Based on Packet Combination to Improve End-to-End Delay in TSCH Networks with Constrained Latency
March 27, 2023 (v1)
Subject: Planning & Scheduling
Keywords: centralized scheduling, IEEE 802.15.4e, schedulability, TSCH networks
Wireless sensor networks (WSN) are networks for gathering data from sensor nodes that have been applied in industry for a long time. In real-time industrial applications with tight latencies, schedulability is one of the most critical issues. Some authors have proposed centralized scheduling algorithms for time-slotted channel hopping (TSCH) networks for real-time applications in industry, however, they have some disadvantages such as schedulability and high data traffic. In this paper, we improve the schedulability, latency, data traffic by dynamically prioritizing packets which are based on number duplex-conflicts and dynamically combining the packets. As a result, we show that the packet-combining algorithm improves schedulability and minimizes the amount of traffic in a network when compared with existing approaches.
2555. LAPSE:2023.23641
Influence of the Perovskite La0.8Sr0.2Mn0.5Co0.5O3-δ on the Electrochemical Performance of the Graphene-Based Supercapacitor
March 27, 2023 (v1)
Subject: Materials
Keywords: perovskite, stability, supercapacitors
A supercapacitor is a potential energy system that will be a part of an efficient storage device of renewable energy, such as a small battery and a large energy storage system (ESS), etc. However, a lot of efforts have been devoted to improving stability. Generally, ABO3-type perovskite structure has been studied as an electrode and/or an oxide ion-conducting electrolyte for solid oxide fuel cells with stable structural stability at high temperatures. In this study, perovskite material (La0.8Sr0.2Mn0.5Co0.5O3-δ. LSMCO) was added as a component of the supercapacitor electrode for enhanced stability. According to electrochemical measurements, at 5 mV/s, the specific capacitance of the graphene-based electrode (G95) is 68 F/g, and the electrode mixed with perovskite (G70L25) is 55 F/g. Nonetheless, the standard deviation of the capacitance value of G70L25 is smaller than that of G95. Alongside this, the G70L25 electrode showed that specific capacitance decreased in the cycling test, but,... [more]
2556. LAPSE:2023.23640
Carbon Nanofibers Production via the Electrospinning Process
March 27, 2023 (v1)
Subject: Materials
Keywords: carbon nanofibers, electrospinning, polyacrylonitrile, polymer solution
Electrospun fibers with different concentrations of polyacrylonitrile (PAN) were synthesized and the results are reported in this study. The aim was to obtain carbon nanofibers for manufacturing gas diffusion layers for proton exchange membrane (PEM) fuel cells. The electrospun fibers obtained were carbonized at 1200 °C, 1300 °C, and 1400 °C, in order to have nanofibers with more than 96% of carbon atoms. The scanning electron microscopy (SEM) results revealed an increase in the diameter from 400−700 nm at 1200 °C to 1000−1400 nm at 1300 °C and 1400 °C. The Raman measurements disclose a higher degree of crystallinity for the sample carbonized at elevated temperatures. The surface area was estimated from the Brunauer−Emmett−Teller (BET) method and the results revealed an increase from 40.69 m2g−1 to 66.89 m2g−1 and 89.92 m2g−1 as the carbonization temperature increased. Simultaneously, the pore volume increased with increasing carbonization temperature. The Fourier-transform infrared sp... [more]
2557. LAPSE:2023.23639
Impacts of Global Climate Change on the Future Ocean Wave Power Potential: A Case Study from the Indian Ocean
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: climate change, Indian Ocean, ocean wave power, Sri Lanka, wave projections
This study investigates the impacts of global climate change on the future wave power potential, taking Sri Lanka as a case study from the northern Indian Ocean. The geographical location of Sri Lanka, which receives long-distance swell waves generated in the Southern Indian Ocean, favors wave energy-harvesting. Waves projected by a numerical wave model developed using Simulating Waves Nearshore Waves (SWAN) wave model, which is forced by atmospheric forcings generated by an Atmospheric Global Climate Model (AGCM) within two time slices that represent “present” and “future” (end of century) wave climates, are used to evaluate and compare present and future wave power potential around Sri Lanka. The results reveal that there will be a 12−20% reduction in average available wave power along the south-west and south-east coasts of Sri Lanka in future. This reduction is due mainly to changes to the tropical south-west monsoon system because of global climate change. The available wave power... [more]
2558. LAPSE:2023.23638
Stochastic Modeling of the Levelized Cost of Electricity for Solar PV
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: LCOE, Renewable and Sustainable Energy, solar PV, South Korea, stochastic
With the development of renewable energy, a key measure for reducing greenhouse gas emissions, interest in the levelized cost of electricity (LCOE) is increasing. Although the input variables used in the LCOE calculation, such as capacity factor, capital expenditure, annual power plant operations and maintenance cost, discount and interest rate, and economic life, vary according to region and project, most existing studies estimate the LCOE by using a deterministic methodology. In this study, the stochastic approach was used to estimate the LCOE for solar photovoltaic (PV) in South Korea. In addition, this study contributed to deriving realistic analysis results by securing the actual data generated in the solar PV project compared to the existing studies. The results indicate that the LCOE for commercial solar power ranged from KRW 115 (10 cents)/kWh to KRW 197.4 (18 cents)/kWh at a confidence level of 95%. The median was estimated at KRW 160.03 (15 cents)/kWh. The LCOE for residentia... [more]
2559. LAPSE:2023.23637
Density Functional Theory-Based Molecular Modeling: Verification of Decisive Roles of Van der Waals Aggregation of Triiodide Ions for Effective Electron Transfer in Wet-Type N3-Dye-Sensitized Solar Cells
March 27, 2023 (v1)
Subject: Modelling and Simulations
Keywords: density functional theory, electrostatic potential map, triiodide ion, van der Waals Coulomb interactions
Density functional theory-based molecular modeling (DFT/MM) validates that KI and I2 undergo exothermic van der Waals (vdW) aggregation in acetonitrile (AN) or in the presence of 4-tert-butylpyridine (TBP), forming potassium triiodide (KI3) and, further mutual vdW aggregation leads to the formation of (KI3)2 and AN, (KI3)2 and (AN)2 and (KI3)2 and TBP in the AN-based Dye sensitized solar cells (DSSC) electrolytes. All KI3 aggregates have a very low energy gap, 0.17 eV, 0.14 eV and 0.05 eV of lowest unoccupied molecular orbital (LUMO) + 1 and LUMO, respectively, verifying efficient electron diffusion in μm-thick DSSC electrolytes. Hydrogen-bonding aggregation of anatase TiO2 model, Ti9O18H and OH, with N3 (proton) dye is also validated by DFT/MM, and the energy structure verifies unidirectional electron flow from highest occupied molecular orbital (HOMO) on thiocyanide (SCN) groups of N3 dye to LUMO on the TiO2 model at the aggregates. Further, DFT/MM for the aggregation of K+I3− with N... [more]
2560. LAPSE:2023.23636
Decentralized Frequency Control of Battery Energy Storage Systems Distributed in Isolated Microgrid
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: adaptive frequency droop control, battery energy storage system, frequency restoration, state of charge, virtual inertia
The penetration and integration of renewable energy sources into modern power systems has been increasing over recent years. This can lead to frequency excursion and low inertia due to renewable energy sources’ intermittency and absence of rotational synchronous machines. Battery energy storage systems can play a crucial role in providing the frequency compensation because of their high ramp rate and fast response. In this paper, a decentralized frequency control system composed of three parts is proposed. The first part provides adaptive frequency droop control with its droop coefficient a function of the real-time state of charge of battery. The second part provides a fully decentralized frequency restoration. In the third part, a virtual inertia emulation improves the microgrid resilience. The presented results demonstrate that the proposed control system improves the microgrid resilience and mitigates the frequency deviation when compared with conventional ω -P droop control a... [more]
2561. LAPSE:2023.23635
An Energy Model Using Sleeping Algorithms for Wireless Sensor Networks under Proactive and Reactive Protocols: A Performance Evaluation
March 27, 2023 (v1)
Subject: Information Management
Keywords: energy consumption, Internet of Things, performance metrics, Routing Protocol, sleeping algorithms, wireless sensor networks
The continuous evolution of the Internet of Things (IoT) makes it possible to connect everyday objects to networks in order to monitor physical and environmental conditions, which is made possible due to wireless sensor networks (WSN) that enable the transfer of data. However, it has also brought about many challenges that need to be addressed, such as excess energy consumption. Accordingly, this paper presents and analyzes wireless network energy models using five different communication protocols: Ad Hoc On-Demand Distance Vector (AODV), Multi-Parent Hierarchical (MPH), Dynamic Source Routing (DSR), Low Energy Adaptive Clustering Hierarchy (LEACH) and Zigbee Tree Routing (ZTR). First, a series of metrics are defined to establish a comparison and determine which protocol exhibits the best energy consumption performance. Then, simulations are performed and the results are compared with real scenarios. The energy analysis is conducted with three proposed sleeping algorithms: Modified Sl... [more]
2562. LAPSE:2023.23634
Joint Storage: A Mixed-Method Analysis of Consumer Perspectives on Community Energy Storage in Germany
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: acceptance, battery storage, community storage, consumer, energy services, Energy Storage, prosumer, user
In this paper, we analyze consumer attitudes toward and interest in community energy storage (CES) in Germany, based on five focus group discussions and an online survey of private owners of photovoltaic (PV) systems, as well as written surveys and workshops with the residents of two residential developments where CES has been installed. We find that owners of PV systems are generally receptive to the idea of CES but are unfamiliar with it. They assume that CES is more resource- and cost-efficient than residential storage and appreciate the idea of professionally managed operation and maintenance, but are skeptical of whether fair and transparent distribution and billing can be realized. Consumers express a need for ancillary services, such as monitoring, information or energy management, but the interest in such services, however, is strongly dependent on their perception of the costs versus potential savings.
2563. LAPSE:2023.23633
Thermal Storage Using Metallic Phase Change Materials for Bus Heating—State of the Art of Electric Buses and Requirements for the Storage System
March 27, 2023 (v1)
Subject: Materials
Keywords: cabin heating, electric buses, Latent Heat Storage, metallic phase change material, thermal energy storage
Battery-powered electric buses currently face the challenges of high cost and limited range, especially in winter conditions, where interior heating is required. To face both challenges, the use of thermal energy storage based on metallic phase change materials for interior heating, also called thermal high-performance storage, is considered. By replacing the battery capacity through such an energy storage system, which is potentially lighter, smaller, and cheaper than the batteries used in buses, an overall reduction in cost and an increase of range in winter conditions could be reached. Since the use of thermal high-performance storage as a heating system in a battery-powered electric bus is a new approach, the requirements for such a system first need to be known to be able to proceed with further steps. To find these requirements, a review of the relevant state of the art of battery-powered electric buses, with a focus on heating systems, was done. Other relevant aspects were vehic... [more]
2564. LAPSE:2023.23632
Energy Savings in an Office Building with High WWR Using Glazing Systems Combining Thermochromic and Electrochromic Layers
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: cooling demands, electrochromic glazing, energy savings, EnergyPlus, heating demands, high WWR, office building, office lighting, thermochromic glazing
This paper assesses energy savings in terms of heating, cooling, and artificial lighting achieved in an office building with a high Window to Wall Ratio (WWR), located in Athens and Stockholm. Six different configurations of triple pane windows combining thermochromic, electrochromic, and low-e coatings in Insulated Glass Units (IGUs) are examined to quantify the potential of increasing energy savings in office buildings. The combination of electrochromic and thermochromic layers on the outer pane of the triple IGU, achieved an 18.5% and 8.1% reduction in annual primary energy use for Athens and Stockholm, respectively. The used switching strategy ensured the visual comfort of the employees and provided adequate daylight in both cases. It was found that in Stockholm the cooling system can be downsized considerably, achieving important cost reduction in the HVAC system. The analysis also takes into account the reduction of thermal storage in the building envelope due to the switchable w... [more]
2565. LAPSE:2023.23631
Optimization of Vehicle Braking Distance Using a Fuzzy Controller
March 27, 2023 (v1)
Subject: Process Control
Keywords: anti-lock braking system, controller, fuzzy logic system, Simulation, vehicle
The paper presents the study of an anti-lock braking system (ABS) that has been complemented by a fuzzy controller. The fuzzy controller was used to improve the braking performance of the vehicle, particularly in critical situations, for example, when braking a vehicle on wet road. The controller for the ABS was designed in the MATLAB/Simulink program. The designed controller was simulated on a medium-size vehicle model. During testing, three braking systems were simulated on the vehicle model. We compared the performance of a braking system without an ABS, a system with a threshold-based conventional ABS, and a braking system with the proposed ABS with a fuzzy controller. These three braking systems were simulation tested during braking the vehicle on a dry straight road and on a road with combined road adhesion. A maneuverability test was conducted, where the vehicle had to avoid an obstacle while braking. The results of each test are provided at the end of the paper.
2566. LAPSE:2023.23630
Influence of Torrefaction and Pelletizing of Sawdust on the Design Parameters of a Fixed Bed Gasifier
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: fixed bed, gasification, Modelling, pyrolysis, thermally thick particle, torrefaction
Gasification of biomass in fixed bed gasifiers is a well-known technology, with its origins dating back to the beginning of 20th century. It is a technology with good prospects, in terms of small scale, decentralized power co-generation. However, the understanding of the process is still not fully developed. Therefore, assessment of the changes in the design of a gasifier is typically performed with extensive prototyping stage, thus introducing significant cost. This study presents experimental results of gasification of a single pellet and bed of particles of raw and torrefied wood. The procedure can be used for obtaining design parameters of a fixed bed gasifier. Results of two suits of experiments, namely pyrolysis and CO2 gasification are presented. Moreover, results of pyrolysis of pellets are compared against a numerical model, developed for thermally thick particles. Pyrolysis time, predicted by model, was in good agreement with experimental results, despite some differences in... [more]
2567. LAPSE:2023.23629
Investigation of Fast, Secure and Reliable Network Restoration after Blackouts
March 27, 2023 (v1)
Subject: Optimization
Keywords: distributed generation, key performance indicator, optimization algorithm, power system restoration
Integrating distributed generation into power grids creates various technical challenges for network operation. Volatility of renewable energy resources may increase the probability of blackouts. In order to restore networks fast, securely and reliably after blackouts, within the research project RestoreGrid4RES’s network restoration strategies, the related issues caused by distributed generation are investigated and novel methods to face those challenges are developed. This paper focuses on (i) algorithms to identify possible restoration paths, (ii) key performance indicators for the assessment of grid restoration options and (iii) an evaluation of the results for network restoration strategies.
2568. LAPSE:2023.23628
What Motivates Behavior Change? Analyzing User Intentions to Adopt Clean Technologies in Low-Resource Settings Using the Theory of Planned Behavior
March 27, 2023 (v1)
Subject: Numerical Methods and Statistics
Keywords: biomass cookstoves, global development, quantitative social analysis, technology adoption, theory of planned behavior
Understanding and integrating the user’s decision-making process into product design and distribution strategies is likely to lead to higher adoption rates and ultimately increased impacts, particularly for those products that require a change in habit or behavior such as clean energy technologies. This study applies the Theory of Planned Behavior (TPB) in design for global development, where understanding the tendency to adopt beneficial technologies based on parsimonious approaches is critical to programmatic impact. To investigate robustness and applicability of behavioral models in a data scarce setting, this study applies TPB to the adoption of biomass cookstoves in a sample size of two remote communities in Honduras and Uganda before and after a trial period. Using multiple ordinal logistic regressions, the intention to adopt the technology was modeled. Results quantify the influence of these factors on households’ intentions to cook their main meals with improved cookstoves. For... [more]
2569. LAPSE:2023.23627
A Review on Bio-Based Catalysts (Immobilized Enzymes) Used for Biodiesel Production
March 27, 2023 (v1)
Subject: Materials
Keywords: biocatalyst, biodiesel production, enzymatic catalysis, immobilization of enzymes, nano(bio)catalyst, transesterification
The continuous increase of the world’s population results in an increased demand for energy drastically from the industrial and domestic sectors as well. Moreover, the current public awareness regarding issues such as pollution and overuse of petroleum fuel has resulted in the development of research approaches concerning alternative renewable energy sources. Amongst the various options for renewable energies used in transportation systems, biodiesel is considered the most suitable replacement for fossil-based diesel. In what concerns the industrial application for biodiesel production, homogeneous catalysts such as sodium hydroxide, potassium hydroxide, sulfuric acid, and hydrochloric acid are usually selected, but their removal after reaction could prove to be rather complex and sometimes polluting, resulting in increases on the production costs. Therefore, there is an open field for research on new catalysts regarding biodiesel production, which can comprise heterogeneous catalysts.... [more]
2570. LAPSE:2023.23626
Optimal Sizing of a Hybrid Wind-Photovoltaic-Battery Plant to Mitigate Output Fluctuations in a Grid-Connected System
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: energy management, hybrid system, sizing optimization, smoothing, turbines layout, wake effect
A novel optimization strategy is proposed to achieve a reliable hybrid plant of wind, solar, and battery (HWSPS). This strategy’s purpose is to reduce the power losses in a wind farm and at the same time reduce the fluctuations in the output of HWSPS generation. In addition, the proposed strategy is different from previous studies in that it does not involve a load demand profile. The process of defining the HWSPS capacity is carried out in two main stages. In the first stage, an optimal wind farm is determined using the genetic algorithm subject to site dimensions and spacing between the turbines, taking Jensen’s wake effect model into consideration to eliminate the power losses due to the wind turbines’ layout. In the second stage, a numerical iterative algorithm is deployed to get the optimal combination of photovoltaic and energy storage system sizes in the search space based on the wind reference power generated by the moving average. The reliability indices and cost are the basis... [more]
2571. LAPSE:2023.23625
A Chronological Literature Review of Electric Vehicle Interactions with Power Distribution Systems
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: battery swap station, charging station, demand management, demand response, electric vehicle, electricity markets, power quality, Vehicle-to-Grid
In the last decade, the deployment of electric vehicles (EVs) has been largely promoted. This development has increased challenges in the power systems in the context of planning and operation due to the massive amount of recharge needed for EVs. Furthermore, EVs may also offer new opportunities and can be used to support the grid to provide auxiliary services. In this regard, and considering the research around EVs and power grids, this paper presents a chronological background review of EVs and their interactions with power systems, particularly electric distribution networks, considering publications from the IEEE Xplore database. The review is extended from 1973 to 2019 and is developed via systematic classification using key categories that describe the types of interactions between EVs and power grids. These interactions are in the framework of the power quality, study of scenarios, electricity markets, demand response, demand management, power system stability, Vehicle-to-Grid (... [more]
2572. LAPSE:2023.23624
Efficient Unbalanced Three-Phase Network Modelling for Optimal PV Inverter Control
March 27, 2023 (v1)
Subject: Process Control
Keywords: microgrid, multi-objective, Newton–Raphson, Optimization, overvoltage, photovoltaic, power flow, PV inverter, unbalanced 3-phase
High penetration levels of renewable energy generation in the distribution network require voltage regulation to avoid excessive voltage at generating nodes. To effectively control the network and optimize network hosting capacity, the distribution system operator must have an efficient model for power flow analysis. This paper presents the formulas and steps to express the power flow analysis equations of an unbalanced 3-phase network in matrix form suited to programmed solutions. A benchmark MATLAB/Simulink network with unbalanced distribution lines, photovoltaic inverters, and loads is built to verify the matrix model. To demonstrate the application of the model, the control of reverse energy flow from the photovoltaic inverters to keep the voltage in the network below the regulated level is simulated. Two decentralized control algorithms are applied in the network, including an on/off and a multi-objective constrained optimization controller. The detailed construction of the optimi... [more]
2573. LAPSE:2023.23623
Biological Waste Management in the Case of a Pandemic Emergency and Other Natural Disasters. Determination of Bioenergy Production from Floricultural Waste and Modeling of Methane Production Using Deep Neural Modeling Methods
March 27, 2023 (v1)
Subject: Numerical Methods and Statistics
Keywords: artificial neural networks, biogas, biowaste, deep learning, energy potential, energy value, neural modeling, solid biofuels
In relation to the situation caused by the pandemic, which may also take place in the future, there is a need to find effective solutions to improve the economic situation of the floristry industry. The production and sale of flowers is time-consuming and long-term. Therefore, any information that causes the impossibility of selling the plants will result in a reduction of profitability or bankruptcy of such companies. Research on rationally utilizing biowaste from plant cultivation as well as unsold flowers for environmental protection and effective use of their potential as a raw material for bioenergy production were examined in this article. The aim of this study was to analyze the energetic potential of the biodegradable fraction of waste from floriculture. The trials included floricultural waste containing the stems, leaves and flowers of different species and hybrid tulips (Tulipa L.), roses (Rosa L.), sunflowers (Helianthus L.) and chrysanthemums (Dendranthema Des Moul.). Their... [more]
2574. LAPSE:2023.23622
Pipe Hydraulic Resistances Identification of District Heating Networks Based on Matrix Analysis
March 27, 2023 (v1)
Subject: System Identification
Keywords: branch and loop, district heating network, full-column rank, operating conditions, resistance characteristic
District heating networks (DHNs) are essential municipal infrastructure in the north of China. Obtaining accurate resistance characteristics is a critical step to improve the operating regulation level of DHNs. In this paper, pipe hydraulic resistances (PHRs) are introduced to express the resistance characteristics. A hydraulic model of a DHN can be established by using observed data of pressures and discharges. The boundary nodes are taken as observed sites. After establishing a matrix equation and analyzing the rank of its coefficient matrix, the authors propose a method to determine all the PHRs uniquely, by using a small number of observed sites and operating conditions. Furthermore, when observed errors are introduced, the adverse impact can be weakened by increasing the number of operating conditions and the accuracy of observed devices. When the observed error ranges are 1% and 0.5%, the results show that the average relative errors of identified PHRs are 2.4% and 1.1% respectiv... [more]
2575. LAPSE:2023.23621
Modeling the Price Stability and Predictability of Post Liberalized Gas Markets Using the Theory of Information
March 27, 2023 (v1)
Subject: Process Operations
Keywords: entropy, game theory-Cournot model, gas markets, information theory, records theory
Energy markets in the United States and Europe are getting more liberalized. The question of whether the liberalization of the gas industry in both markets has led to stable prices and less concentrated markets has appealed great interest among the scientific community. This study aims to measure the power and efficiency of an information structure contained in the gas prices time series. This assessment is useful to the oversight duty of regulators in such markets in the post liberalized era. First, econometric and mathematical methods based on game theory, records theory, and Shannon entropy are used to measure the following indicators: level of competition, price stability, and price uncertainty respectively—for both markets. Second, the level of information generated by these indicators is quantified using the information theory. The results of this innovative two-step approach show that the functioning of the European market requires the regulator’s intervention. This intervention... [more]
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