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Records with Type: Published Article
4544. LAPSE:2023.34927
A Hybrid Deep Reinforcement Learning and Optimal Control Architecture for Autonomous Highway Driving
April 28, 2023 (v1)
Subject: Other
Keywords: autonomous highway driving, autonomous vehicles, hierarchical control architecture
Autonomous vehicles in highway driving scenarios are expected to become a reality in the next few years. Decision-making and motion planning algorithms, which allow autonomous vehicles to predict and tackle unpredictable road traffic situations, play a crucial role. Indeed, finding the optimal driving decision in all the different driving scenarios is a challenging task due to the large and complex variability of highway traffic scenarios. In this context, the aim of this work is to design an effective hybrid two-layer path planning architecture that, by exploiting the powerful tools offered by the emerging Deep Reinforcement Learning (DRL) in combination with model-based approaches, lets the autonomous vehicles properly behave in different highway traffic conditions and, accordingly, to determine the lateral and longitudinal control commands. Specifically, the DRL-based high-level planner is responsible for training the vehicle to choose tactical behaviors according to the surrounding... [more]
4545. LAPSE:2023.34926
Influence of Clay Content on CO2-Rock Interaction and Mineral-Trapping Capacity of Sandstone Reservoirs
April 28, 2023 (v1)
Subject: Modelling and Simulations
Keywords: clay content, CO2 storage, mineral dissolution, mineral precipitation, mineral-trapping, porosity evolution, reservoir simulation, rock interactions
The injection of carbon dioxide (CO2) is an essential technology for maximizing the potential of hydrocarbon reservoirs while reducing the impact of greenhouse gases. However, because of the complexity of this injection, there will be many different chemical reactions between the formation fluids and the rock minerals. This is related to the clay content of sandstone reservoirs, which are key storage targets. Clay content and clay types in sandstone can vary substantially, and the influence of these factors on reservoir-scale CO2-water-sandstone interactions has not been managed appropriately. Consequently, by simulating the process of CO2 injection in two different clay-content sandstones (i.e., high- and low-clay content), we investigated the effect of the sandstone clay concentration on CO2-water-sandstone interactions in this article. High clay content (Bandera Grey sandstone) and low clay content (Bandera Brown sandstone) were considered as potential storage reservoirs and their r... [more]
4546. LAPSE:2023.34925
Marginal CO2 and SO2 Abatement Costs and Determinants of Coal-Fired Power Plants in China: Considering a Two-Stage Production System with Different Emission Reduction Approaches
April 28, 2023 (v1)
Subject: Energy Systems
Keywords: coal-fired power plants, end-of-pipe abatement, marginal abatement cost, quantile regression, two-stage production system
Marginal abatement cost (MAC) plays an essential role in pricing pollutants and guiding environmental policies. Considering the heavy polluting nature of China’s coal power industry, this paper aims at providing companies and policymakers with more comprehensive information on the cost of abatement by estimating the MACs of CO2 and SO2 for coal-fired power plants (CFPPs) in China. This study contributes to the literature by considering an interconnected two-stage production system to investigate. The estimation framework is advanced in combining the electricity production and pollution abatement process of CFPPs into a convex quantile regression (CQR) model. The results show that the averages of MAC for CO2 and SO2 are estimated to be 367.56 Yuan/ton and 662.30 Yuan/ton, respectively, indicating that the reduction of such emissions is still costly. The heterogeneous analysis then indicates that large CFPPs, central-government-owned power plants (CGOPPs), and low-regulated CFPPs tend to... [more]
4547. LAPSE:2023.34924
Investigating the Growth Effect of Carbon-Intensive Economic Activities on Economic Growth: Evidence from Angola
April 28, 2023 (v1)
Subject: Materials
Keywords: Angola, ARDL, economic growth, greenhouses gas emissions
Despite its immense natural resources, Angola struggles to significantly improve its economy to reduce poverty. Carbon emissions have been increasing over the years, even though the country plans to reduce them by 35% by 2030. This paper attempts to assess the carbon emissions of several sectors (industries, transport, services, and residences) on economic growth, intending to find a balance between environmental protection that requires carbon emissions reduction and economic development that may add to environmental degradation. The study employed time series data on GDP, CO2, CH4, and N2O covering 1971 to 2021 and ARDL and ECM models. This is the first study at the state level in Angola on the relationship between economic development and environmental sustainability considering methane and nitrous oxide emissions. Additionally, the paper assesses the responses of GDP to deviation shock of GDP, CO2, CH4, and N2O by 2032. Phillip Perron and Augmented Dickey-Fuller tests showed that a... [more]
4548. LAPSE:2023.34923
Knowledge Discovery to Support WTI Crude Oil Price Risk Management
April 28, 2023 (v1)
Subject: Energy Management
Keywords: commodity options, crude oil price risk, decision making, decision rules, Greeks, implied volatility, knowledge discovery
The high volatility of commodity prices and various problems that the energy sector has to deal with in the era of COVID-19 have significantly increased the risk of oil price changes. These changes are of the main concern of companies for which oil is the main input in the production process, and therefore oil price determines the production costs. The main goal of this paper is to discover decision rules for a buyer of American WTI (West Texas Intermediate) crude oil call options. The presented research uses factors characterizing the option price, such as implied volatility and option sensitivity factors (delta, gamma, vega, and theta, known as “Greeks”). The performed analysis covers the years 2008−2022 and options with an exercise period up to three months. The decision rules are discovered using association analysis and are evaluated in terms of the three investment efficiency indicators: total payoff, average payoff, and return on investment. The results show the existence of cer... [more]
4549. LAPSE:2023.34922
Thermal Runaway Vent Gases from High-Capacity Energy Storage LiFePO4 Lithium Iron
April 28, 2023 (v1)
Subject: Energy Systems
Keywords: battery safety, gas analysis, lithium-ion, second eruption, vent gas emission
Lithium batteries are being utilized more widely, increasing the focus on their thermal safety, which is primarily brought on by their thermal runaway. This paper’s focus is the energy storage power station’s 50 Ah lithium iron phosphate battery. An in situ eruption study was conducted in an inert environment, while a thermal runaway experiment was conducted utilizing sealed pressure containers and an external heating triggering mechanism. Both the amount of gas release and the battery’s maximum temperature were discovered. Using gas chromatography, the gas emission from the battery was examined. Its principal constituents included CO, H2, CO2, CH4, C2H4, and so on. Moreover, the experiment discovered a second eruption of lithium iron phosphate, and the stage of its eruption was separated by the pressure signal of the sealed experimental chamber, giving a theoretical foundation and technological backing for the thermal catastrophe safety of lithium batteries.
4550. LAPSE:2023.34921
Theoretical Analysis of InGaN Solar Energy Converters Based on Photon-Enhanced Thermionic Emission
April 28, 2023 (v1)
Subject: Energy Systems
Keywords: InGaN cathode, isothermal, nonisothermal, photon-enhanced thermionic emission
Photon-enhanced thermionic emission (PETE) is an efficient solar energy conversion mechanism that combines photovoltaic effects and thermionic emissions. In this study, a diffusion−emission model of electrons for the InGaN cathode was deduced based on one-dimensional continuity equations. The temperature dependence of the excess electron concentration, current density, and conversion efficiency at different cathode electron affinities was simulated, and the performance of the PETE converter under isothermal and nonisothermal state was compared. The results show that the improvement in conversion efficiency under isothermal condition was limited by the increase in anode temperature and reached the maximum of ~22% at an electron affinity of 0.56−0.59 eV and the operating temperature of 710−740 K. When the anode temperature was 500 K, the conversion efficiency increased with the increase in the electron affinity and exceeded the maximum value of the isothermal state at 0.6 eV. We explored... [more]
4551. LAPSE:2023.34920
Geochemical Characteristics and Evaluation Criteria of Overmature Source Rock of the Laiyang Formation in Well LK-1, Riqingwei Basin, Eastern China
April 28, 2023 (v1)
Subject: Materials
Keywords: evaluation criteria, Laiyang Formation, overmature source rock, Riqingwei Basin, well Lingke 1
Total organic carbon (TOC) and hydrocarbon generation potential (Pg) are essential parameters for the qualitative evaluation of source rock and the basis for evaluating hydrocarbon resources in petroliferous basins. However, there will be some deviations in evaluating hydrocarbon resources of overmature source rock by using TOC and Pg. The super-thick overmature source rock of the Early Cretaceous Laiyang Formation was found in well LK-1, the Riqingwei Basin. To accurately understand the oil and gas potential of the Riqingwei Basin, this paper conducted a systematic organic geochemical analysis of the overmature source rock of the Early Cretaceous Laiyang Formation found in well LK-1. Combined with the results of previous thermal simulation tests on hydrocarbon generation of low-maturity samples in the Jiaolai Basin, the original total organic carbon (TOC0) content of source rock in well LK-1 was recovered and the evaluation criteria of overmature source rock was established. Results:... [more]
4552. LAPSE:2023.34919
Numerical Simulation of Flow and Heat Transfer Characteristics in Non-Closed Ring-Shaped Micro-Pin-Fin Arrays
April 28, 2023 (v1)
Subject: Process Design
Keywords: flow characteristics, heat transfer enhancement, micro-pin-fin array, microchannel, non-closed ring-shaped, vortex structure
In this study, flow and heat transfer characteristics in novel non-closed 3/4 ring-shaped micro-pin-fin arrays with in-line and staggered layouts were investigated numerically. The flow distribution, wake structure, vorticity field and pressure drop were examined in detail, and convective heat transfer features were explored. Results show that vortex pairs appeared earlier in the ring-shaped micro-pin-fin array compared with the traditional circular devices. Pressure drop across the microchannel varied with layout of the fins, while little difference in pressure drop was observed between ring-shaped and circular fins of the same layouts, with the maximum difference being 1.43%. The staggered ring-shaped array was found to outperform the in-line array and the circular arrays in convective heat transfer. A maximum increase of 21.34% in heat transfer coefficient was observed in the ring-shaped micro-pin-fin array in comparison with the circular micro-pin-fin array. The overall thermal-hyd... [more]
4553. LAPSE:2023.34918
The Role of Straw Materials in Energy-Efficient Buildings: Current Perspectives and Future Trends
April 28, 2023 (v1)
Subject: Materials
Keywords: energy saving, future trends, literature measurement research, straw building materials, visualization
The need to effectively control and reduce energy consumption in buildings has become a global concern, prompting an increasing number of studies on the energy efficiency of straw buildings. However, previous review articles on straw research have primarily focused on fragmented material properties such as thermal insulation and mechanical strength and have lacked a comprehensive review of straw materials in building energy efficiency, as well as a thorough analysis of the development lineage of straw building materials. To fill this research gap, this study conducted a bibliometric analysis of 338 papers on the energy efficiency of straw materials published in the WOS core database between 1992 and 2022. The study constructed and visualized multifaceted co-occurrence networks representing the research literature on the energy efficiency of straw building materials, providing a comprehensive understanding of current research efforts, development trends, hot research directions, and the... [more]
4554. LAPSE:2023.34917
Integration of PV Sources in Prosumer Installations Eliminating Their Negative Impact on the Supplying Grid and Optimizing the Microgrid Operation
April 28, 2023 (v1)
Subject: Process Operations
Keywords: 3-phase 4-wire PV inverter, power quality improvement, prosumer installation, PV integration, voltage unbalance
This paper concerns the mitigation of voltage disturbances deteriorating power quality and disrupting the operation of LV distribution grids due to the high penetration of PV energy sources in prosumer installations. A novel control strategy for 3-phase 4-wire PV inverters is proposed, which ensures the transmission of PV active power and simultaneous compensation of load unbalance and reactive power, making the prosumer installation balanced and purely active. It results in the balance of phase voltages and the mitigation of their variability. Unlike other methods used for voltage regulation in LV grids, the proposed solution contributes to the reduction in losses, is simple, and does not require additional costs. In the paper, a control algorithm for the PV inverter is described. Its effectiveness was tested by simulation using a model of the real LV distribution grid developed in the PSCAD/EMTDC program. The results of the simulations are presented and evaluated.
4555. LAPSE:2023.34916
Experimental and Numerical Analysis of the Effect of Rheological Models on Measurements of Shear-Thinning Fluid Flow in Smooth Pipes
April 28, 2023 (v1)
Subject: Modelling and Simulations
Keywords: computational fluid dynamics (CFD), laminar flow, shear-thinning fluids, transitional velocities, turbulent flow
The aim of this research is to investigate the effects of rheological models of shear-thinning fluids and their estimated parameters on the predictions of laminar, transitional, and turbulent flow. The investigation was carried out through experimental and computational fluid dynamics (CFD) studies in horizontal pipes (diameters of 19.1 mm and 76.2 mm). Six turbulent models using Reynolds averaged Navier−Stokes equations in CFD_ANSYS Fluent 19.0 were examined in a 3D simulation followed by comparison studies between numerical and experimental results. Regarding results of laminar regions in power-law rheology models, Metzner and Reed presented the best fit for the pressure loss and transitional velocity. For the turbulent region, correlations observed by Wilson and Thomas as well as Dodge and Matzner had good agreement with the experimental results. For Herschel−Bulkley fluids, pressure losses and transitional regions based on a yielded region were examined and compared to the experime... [more]
4556. LAPSE:2023.34915
Adaptation of High Spatio-Temporal Resolution Weather/Load Forecast in Real-World Distributed Energy-System Operation
April 28, 2023 (v1)
Subject: Energy Management
Keywords: comprehensive control, grid integration, high-resolution weather/energy forecasting, renewable microgrid
Despite significant advances in distributed renewable energy systems (DRES), the technology still faces several substantial challenges that prevent the large-scale adoption of these systems into a country’s energy sector. The intermittency of renewables, uncertainties associated with real-time multi-horizon weather and load forecasts, and lack of comprehensive control systems are among the main technical and regulatory challenges for the real-world adoption of DRES. This paper outlines the current state of knowledge in the real-world operation of DRES and also describes pathways and methodologies that enable and facilitate the uptake of DRES in a country’s energy sector.
4557. LAPSE:2023.34914
Assessment of Power System Asset Dispatch under Different Local Energy Community Business Models
April 28, 2023 (v1)
Subject: Energy Management
Keywords: asset dispatch, battery energy storage, energy management, local energy community, optimisation, power system flexibility, renewable energy sources
Community energy projects have gained popularity in recent years, and encouraging citizens to form local energy communities (LEC) is considered an effective tool for raising awareness about renewable energy. Since no single universal method exists for operating LECs, this study investigated the impact that different business models and asset dispatch methods have on LECs’ economic and energy-related indicators. We carried out a case study, which included the development, modelling, and simulation of seven scenarios using mixed-integer linear programming (MILP). To measure and compare the prospective performance of the LECs in each scenario, six key metrics were evaluated and assessed. The authors find that simple, rule-based control systems might be well suited for LECs with a limited number of controllable assets that aim to provide increased levels of self-consumption of up to 3%. We also conclude that when the LEC utilises an energy cooperative business model, the selected asset dis... [more]
4558. LAPSE:2023.34913
Application of the Hybrid MCDM Method for Energy Modernisation of an Existing Public Building—A Case Study
April 28, 2023 (v1)
Subject: Planning & Scheduling
Keywords: multi-criteria analysis, planning methodology, plus-energy buildings
The existing public utility building belonging to the Forest Experimental Station of the Poznań University of Life Sciences, due to high energy consumption and related costs, has qualified for deep energy modernisation or consideration for the construction of a new building. One of the goals is to achieve carbon neutrality and have a positive energy balance. The article uses the hybrid DEMATEL-AHP/ANP-VIKOR method. The methodology used is distinguished by the creation of a set of decision-making criteria and the identification of the relationship between them, which is determined by conducting a survey of a group of experts using the Delphi method, as well as determining the preferences of the decision-maker using a survey of the target group using social research. Two different models of the decision-maker’s preferences have been developed, taking into account the selected decision criteria, and four acceptable technical solutions have been identified. As a result of the calculations... [more]
4559. LAPSE:2023.34912
Modeling and Control of Modular Multilevel Matrix Converter for Low-Frequency AC Transmission
April 28, 2023 (v1)
Subject: Modelling and Simulations
Keywords: dual-loop control, low frequency AC transmission, M3C, mathematical model, SM voltage balance
The modular multilevel matrix converter (M3C) is the core component in low-frequency AC (LFAC) transmission, which is a competitive scheme for offshore wind power integration. In this paper, the M3C control strategy with the reduced switching frequency SM voltage balancing method is proposed. First, based on the conventional αβ0 and dq transformations, the M3C mathematical model is derived. Then, the dual-loop control structure with outer loop and inner loop controllers commonly used in voltage source converters is applied to the M3C. The inner loop controller consists of the current tracking controller in the dq reference frame and the circulating current suppressing controller in the αβ0 reference frame; the outer loop controller is proposed for the offshore wind farm LFAC integration scenario. Additionally, according to the operating characteristics of full-bridge sub-modules (FBSMs), three characteristic variables are defined and a reduced switching frequency SM voltage balancing m... [more]
4560. LAPSE:2023.34911
Low Carbon Economic Dispatch of Integrated Energy System Considering Power-to-Gas Heat Recovery and Carbon Capture
April 28, 2023 (v1)
Subject: Energy Systems
Keywords: carbon capture and storage, integrated energy system, ladder-type carbon trading mechanism, power-to-gas heat recovery, wind power accommodation
Carbon capture and storage (CCS) is an effective means to achieve the goals of carbon peaking and carbon neutrality. To improve the operating economics and low-carbon emission of an integrated energy system, the strong exothermic property of power-to-gas is utilized for heat recovery and injection into the heat network. This expands the adjustable range of electric output of combined heat and power (CHP) units which will improve wind power accommodation. The CO2 produced by the coal-fired unit is captured using post-combustion carbon capture technology, and then stored and used to manufacture methane, in order to realize the electric−gas−heat integrated energy system coupled with power-to-gas. Based on the ladder-type carbon trading mechanism, a low-carbon economic dispatch model of integrated energy system is proposed, which considers the incorporation of power-to-gas heat recovery and carbon capture and storage. The objective function is to minimize the total operation cost of the sy... [more]
4561. LAPSE:2023.34910
Data-Driven Internal Carbon Pricing Mechanism for Improving Wood Procurement in Integrated Energy and Material Production
April 28, 2023 (v1)
Subject: Materials
Keywords: carbon neutrality, carbon sink, CO2 emission allowance price, energy production, growth-based carbon sink, renewable wood
More than 25% of the total energy consumption in Finland has been produced with wood fuels. Since 2012, the share has been greater than that of oil, coal, or natural gas. Internal carbon pricing is used to manage the risks in wood procurement after wood import from Russia ended. Further, the EU announced plans to sell more carbon emission permits to fund the EU’s exit from Russian energy. To manage these challenges, a data-driven internal carbon pricing mechanism (DDICPM) has been developed for wood procurement optimization. Particularly, local changes are considered via available information about growth-based carbon sinks (GBCS). The results of the new scenario were compared to the basic national scenario that ensures carbon neutrality in forestry. The DDICPM may provide the optimum wood-procurement operations maintaining carbon neutrality in the integrated energy and material industry (IEMI). In this study, the use of DDICPM increased profitability b 16.2, 16.1, and 16.0% between ad... [more]
4562. LAPSE:2023.34909
Optimal Power Scheduling and Techno-Economic Analysis of a Residential Microgrid for a Remotely Located Area: A Case Study for the Sahara Desert of Niger
April 28, 2023 (v1)
Subject: Planning & Scheduling
Keywords: grid outage, microgrid, mixed-integer linear programming (MILP), optimal sizing, power scheduling
The growing demand for electricity and the reconstruction of poor areas in Africa require an effective and reliable energy supply system. The construction of reliable, clean, and inexpensive microgrids, whether isolated or connected to the main grid, has great importance in solving energy supply problems in remote desert areas. It is a complex interaction between the level of reliability, economical operation, and reduced emissions. This paper investigates the establishment of an efficient and cost-effective microgrid in a remote area located in the Djado Plateau, which lies in the Sahara Ténéré desert in northeastern Niger. Three cases are presented and compared to find the best one in terms of low costs. In case 1, the residential area is supplied by PVs and a battery energy storage system (BESS), while in the second case, PVs, a BESS, and a diesel generator (DG) are utilized to supply the load. In the third case, the grid will take on load-feeding responsibilities alongside PVs, a B... [more]
4563. LAPSE:2023.34908
Small Modular Reactor Deployment and Obstacles to Be Overcome
April 28, 2023 (v1)
Subject: Planning & Scheduling
Keywords: financing, licensing, public acceptance, small modular reactor deployment, Supply Chain
To meet climate policy goals, it will be necessary to deploy a series of low-carbon energy technologies, including nuclear power. The small modular reactor (SMR) can potentially support climate change mitigation and energy security issues. Small modular reactors (SMRs) are gaining popularity; however, one crucial debate is whether SMRs can compete economically with conventional nuclear reactors or not. From a commercial point of view, SMRs will be able to provide process heat in various industrial applications, replace older nuclear, natural gas, and coal power facilities, and serve smaller energy markets with less established infrastructure. Realizing these advantages would rely heavily on the near-term quick up-scaling of SMRs; this paper, then, examines and identifies some of the most hindering constraints and barriers for the quick deployment of SMR such as the technology choice, licensing, economy of scale and financing, public acceptance, supply chain, and proliferation. A clear... [more]
4564. LAPSE:2023.34907
Advances in Reduction Technologies of Gas Emissions (CO2, NOx, and SO2) in Combustion-Related Applications
April 28, 2023 (v1)
Subject: Energy Systems
Global energy production and consumption have increased continuously over the past few decades [...]
4565. LAPSE:2023.34906
Advanced Exergoeconomic Assessment of CO2 Emissions, Geo-Fluid and Electricity in Dual Loop Geothermal Power Plant
April 28, 2023 (v1)
Subject: Energy Systems
Keywords: advanced exergoeconomic analysis, CO2 emission cost, electricity generation cost, geothermal power plant, performance indicators
Binary geothermal power plants (GPPs) are mostly encountered in geothermal fields with medium and low temperatures. The design and operation of dual binary GPPs can be difficult due to the geothermal fluid properties. This affects their performance and feasibility. Thermoeconomics are essential elements for the design and operation of the GPPs. In this study, advanced exergoeconomic analysis is applied to a true dual binary GPP (as a case study) to further evaluate it from performance and economic perspectives. In analysis, the specific exergy cost (SPECO) method is used. Then, some specific indicators are presented to evaluate the performance and economics of the GPP. Thus, technical and economic solutions have been developed in the design and operation stages through the analysis. The results of the study indicated that the total operating cost of 1218 USD/h could be reduced to 186 USD/h by improving the operating conditions. This corresponds to an 85% decrease. The cost per electric... [more]
4566. LAPSE:2023.34905
Research on Solidity of Horizontal-Axis Tidal Current Turbine
April 28, 2023 (v1)
Subject: Energy Systems
Keywords: Matlab, solidity of blade, tidal current capture device
In this paper, the blade solidity of the tidal current turbine was investigated. Based on the blade element momentum theory, different design flow velocities were selected to design two blade types with different solidities. The geometric parameters of the blade were calculated using MATLAB programming, and the performance of two blades was compared in terms of the start-up flow rate, power generation and thrust by test experiment, which showed that the blade with higher solidity has better start-up performance and higher energy capture efficiency at low flow rates. The performance is better than that of the blade with low solidity, but due to the high solidity, the thrust is also high, which should be taken into account when installing the turbine.
4567. LAPSE:2023.34904
Internet of Things: A Comprehensive Overview on Protocols, Architectures, Technologies, Simulation Tools, and Future Directions
April 28, 2023 (v1)
Subject: Information Management
Keywords: application layer protocols, communication protocols, hybrid IoT protocols, Internet of Things, IoT challenges, IoT comparison, IoT hardware, network simulation tools
The Internet of Things (IoT) is a global network of interconnected computing, sensing, and networking devices that can exchange data and information via various network protocols. It can connect numerous smart devices thanks to recent advances in wired, wireless, and hybrid technologies. Lightweight IoT protocols can compensate for IoT devices with restricted hardware characteristics in terms of storage, Central Processing Unit (CPU), energy, etc. Hence, it is critical to identify the optimal communication protocol for system architects. This necessitates an evaluation of next-generation networks with improved characteristics for connectivity. This paper highlights significant wireless and wired IoT technologies and their applications, offering a new categorization for conventional IoT network protocols. It provides an in-depth analysis of IoT communication protocols with detailed technical information about their stacks, limitations, and applications. The study further compares indust... [more]
4568. LAPSE:2023.34903
A New Design for the Peer-to-Peer Electricity and Gas Markets Based on Robust Probabilistic Programming
April 28, 2023 (v1)
Subject: Optimization
Keywords: alternating direction method of multipliers, decentralized robust optimization, energy hub, fuzzy robust optimization, peer-to-peer electricity and gas transactions
This paper presents a fully-decentralized peer-to-peer (P2P) electricity and gas market for retailers and prosumers with coupled energy units, considering the uncertainties of wholesale electricity market price and prosumers’ demand. The goal is to improve the overall economy of the proposed market while increasing its flexibility. In this market, the retailers are equipped with self-generation and energy storage units and can bilaterally negotiate for electricity and gas transactions with prosumers to maximize their profit. Furthermore, they can sell power to the upstream market in addition to prosumers. The prosumers have access to several retailers to supply their required electricity and gas and can freely provide their energy needs from every retailer, contributing to dynamicity in the proposed market. Given that they have an energy hub consisting of boiler units, combined heat and electricity (CHP) units, and electric pumps, they can switch their energy supply source from electri... [more]
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