TY - JOUR
T1 - Optimized shared energy storage in a peer-to-peer energy trading market
T2 - Two-stage strategic model regards bargaining and evolutionary game theory
AU - He, Ye
AU - Wu, Hongbin
AU - Wu, Andrew Y.
AU - Li, Peng
AU - Ding, Ming
N1 - Publisher Copyright:
© 2024 Elsevier Ltd
PY - 2024/4
Y1 - 2024/4
N2 - With the increasing demand of users for distributed energy storage (ES) resources and the emerging development of peer to peer (P2P) transaction technology, shared energy storage (SES) has great potential to contribute into new business models of demand-side ES. In order to compromise essential elements like safety, stability and efficiency of P2P trading, as well as to improve the utilization rate of demand-side ES, this paper devotes to construct a P2P transaction framework based on a partially decentralized topology and proposes a two-stage trading optimization strategy of SES in a P2P market, considering the equilibrium state of supply and demand flow. In the first stage, this paper simultaneously balances the interests of buyers and sellers and brings the carbon trading mechanism into the transaction process. The interaction of interests of bilateral parties with consideration of carbon trading mechanism has been investigated, and a SES capacity sharing model is, then, established based on the bargaining game theory. In the second stage, a unique pricing mechanism for SES leasing fee is designed based on a multi-strategy evolutionary game model, considering bounded rational decision-making for SES operators and communities. Finally, numerical simulation verified the feasibility and superiority of the proposed P2P trading strategy of SES.
AB - With the increasing demand of users for distributed energy storage (ES) resources and the emerging development of peer to peer (P2P) transaction technology, shared energy storage (SES) has great potential to contribute into new business models of demand-side ES. In order to compromise essential elements like safety, stability and efficiency of P2P trading, as well as to improve the utilization rate of demand-side ES, this paper devotes to construct a P2P transaction framework based on a partially decentralized topology and proposes a two-stage trading optimization strategy of SES in a P2P market, considering the equilibrium state of supply and demand flow. In the first stage, this paper simultaneously balances the interests of buyers and sellers and brings the carbon trading mechanism into the transaction process. The interaction of interests of bilateral parties with consideration of carbon trading mechanism has been investigated, and a SES capacity sharing model is, then, established based on the bargaining game theory. In the second stage, a unique pricing mechanism for SES leasing fee is designed based on a multi-strategy evolutionary game model, considering bounded rational decision-making for SES operators and communities. Finally, numerical simulation verified the feasibility and superiority of the proposed P2P trading strategy of SES.
KW - Bargaining game theory
KW - Carbon trading mechanism
KW - Evolutionary game theory
KW - Peer-to-peer transaction
KW - Shared energy storage
UR - http://www.scopus.com/inward/record.url?scp=85185829730&partnerID=8YFLogxK
U2 - 10.1016/j.renene.2024.120190
DO - 10.1016/j.renene.2024.120190
M3 - Article
AN - SCOPUS:85185829730
SN - 0960-1481
VL - 224
JO - Renewable Energy
JF - Renewable Energy
M1 - 120190
ER -