TY - JOUR
T1 - Energy sharing strategy based on call auction trading
T2 - Energy bank system
AU - Sun, Lingling
AU - Qiu, Jing
AU - Zhang, Wang
AU - Meng, Ke
AU - Yin, Xia
AU - Dong, Zhaoyang
PY - 2020/12
Y1 - 2020/12
N2 - Under the pressure of climate change, renewable energy development has been assisted by subsidies or preferential policies such as feed-in-tariff. However, renewable energy cannot rely on policies as before. To stimulate the further development of renewable energy, this paper proposed an energy bank system (EBS) using a sharing economy model, i.e. a trading platform for multiple microgrids with renewable distributed generation (RDG) or hybrid energy storage devices. EBS is a similar idea with a virtual bank in the financial sector. Money is electrical energy, whereas storing energy is an analogy to depositing money, RDG becomes a kind of investment. To maximize the utilization efficiency of the RDG, participants of EBS can trade electricity with each other and earn revenues. In this paper, the figure of distributed energy charging (FDEC) is proposed for the energy management and dispatch, the call-auction method with the rule of maximum transaction volume is proposed for the energy trading and calculation. In the case studies, based on the practical data in Australia, the simulation results prove advanced economic advantages and high effectiveness of EBS. © 2020 Elsevier Ltd
AB - Under the pressure of climate change, renewable energy development has been assisted by subsidies or preferential policies such as feed-in-tariff. However, renewable energy cannot rely on policies as before. To stimulate the further development of renewable energy, this paper proposed an energy bank system (EBS) using a sharing economy model, i.e. a trading platform for multiple microgrids with renewable distributed generation (RDG) or hybrid energy storage devices. EBS is a similar idea with a virtual bank in the financial sector. Money is electrical energy, whereas storing energy is an analogy to depositing money, RDG becomes a kind of investment. To maximize the utilization efficiency of the RDG, participants of EBS can trade electricity with each other and earn revenues. In this paper, the figure of distributed energy charging (FDEC) is proposed for the energy management and dispatch, the call-auction method with the rule of maximum transaction volume is proposed for the energy trading and calculation. In the case studies, based on the practical data in Australia, the simulation results prove advanced economic advantages and high effectiveness of EBS. © 2020 Elsevier Ltd
KW - Call-auction method
KW - Energy bank system
KW - Energy sharing economy
KW - Multiple microgrids
UR - http://www.scopus.com/inward/record.url?scp=85087200434&partnerID=8YFLogxK
UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-85087200434&origin=recordpage
U2 - 10.1016/j.ijepes.2020.106320
DO - 10.1016/j.ijepes.2020.106320
M3 - RGC 21 - Publication in refereed journal
SN - 0142-0615
VL - 123
JO - International Journal of Electrical Power and Energy Systems
JF - International Journal of Electrical Power and Energy Systems
M1 - 106320
ER -
