76,904 research outputs found

    Transforming Energy Networks via Peer to Peer Energy Trading: Potential of Game Theoretic Approaches

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    Peer-to-peer (P2P) energy trading has emerged as a next-generation energy management mechanism for the smart grid that enables each prosumer of the network to participate in energy trading with one another and the grid. This poses a significant challenge in terms of modeling the decision-making process of each participant with conflicting interest and motivating prosumers to participate in energy trading and to cooperate, if necessary, for achieving different energy management goals. Therefore, such decision-making process needs to be built on solid mathematical and signal processing tools that can ensure an efficient operation of the smart grid. This paper provides an overview of the use of game theoretic approaches for P2P energy trading as a feasible and effective means of energy management. As such, we discuss various games and auction theoretic approaches by following a systematic classification to provide information on the importance of game theory for smart energy research. Then, the paper focuses on the P2P energy trading describing its key features and giving an introduction to an existing P2P testbed. Further, the paper zooms into the detail of some specific game and auction theoretic models that have recently been used in P2P energy trading and discusses some important finding of these schemes.Comment: 38 pages, single column, double spac

    Ancillary Services in Hybrid AC/DC Low Voltage Distribution Networks

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    In the last decade, distribution systems are experiencing a drastic transformation with the advent of new technologies. In fact, distribution networks are no longer passive systems, considering the current integration rates of new agents such as distributed generation, electrical vehicles and energy storage, which are greatly influencing the way these systems are operated. In addition, the intrinsic DC nature of these components, interfaced to the AC system through power electronics converters, is unlocking the possibility for new distribution topologies based on AC/DC networks. This paper analyzes the evolution of AC distribution systems, the advantages of AC/DC hybrid arrangements and the active role that the new distributed agents may play in the upcoming decarbonized paradigm by providing different ancillary services.Ministerio de Economía y Competitividad ENE2017-84813-RUnión Europea (Programa Horizonte 2020) 76409

    Prospects for Plug-in Hybrid Electric Vehicles in the United States and Japan: A General Equilibrium Analysis

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    Abstract and PDF report are also available on the MIT Joint Program on the Science and Policy of Global Change website (http://globalchange.mit.edu/)The plug-in hybrid electric vehicle (PHEV) may offer a potential near term, low carbon alternative to today's gasoline- and diesel-powered vehicles. A representative vehicle technology that runs on electricity in addition to conventional fuels was introduced into the MIT Emissions Prediction and Policy Analysis (EPPA) model as a perfect substitute for internal combustion engine (ICE-only) vehicles in two likely early-adopting markets, the United States and Japan. We investigate the effect of relative vehicle cost and all-electric range on the timing of PHEV market entry in the presence and absence of an advanced cellulosic biofuels technology and a strong (450ppm) economy-wide carbon constraint. Vehicle cost could be a significant barrier to PHEV entry unless fairly aggressive goals for reducing battery costs are met. If a low cost vehicle is available we find that the PHEV has the potential to reduce CO2 emissions, refined oil demand, and under a carbon policy the required CO2 price in both the United States and Japan. The emissions reduction potential of PHEV adoption depends on the carbon intensity of electric power generation and the size of the vehicle fleet. Thus, the technology is much more effective in reducing CO2 emissions if adoption occurs under an economy-wide cap and trade system that also encourages low-carbon electricity generation.BP Conversion Research Project and the MIT Joint Program on the Science and Policy of Global Change through a consortium of industrial sponsors and Federal grants

    Identifying opportunities for developing CSP and PV-CSP hybrid projects under current tender conditions and market perspectives in MENA – benchmarking with PV-CCGT

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    Concentrating solar power (CSP) is one of the promising renewable energy technologies provided the fact that it is equipped with a cost-efficient storage system, thermal energy storage (TES). This solves the issue of intermittency of other renewable energy technologies and gives the advantage of achieving higher capacity factors and lower levelized costs of electricity (LCOE). This is the main reason why solar tower power plants (STPP) with molten salts and integrated TES are considered one of the most promising CSP technologies in the short term [1]. On the other hand, solar photovoltaic (PV) is a technology whose costs have been decreasing and are expected to continue doing so thus providing competitive LCOE values, but with relatively low capacity factors as electrical storage systems remain not cost-effective. Combining advantages and eliminating drawbacks of both technologies (CSP and PV), Hybridized PV-CSP power plants can be deemed as a competitive economic solution to offer firm output power when CSP is operated smartly so that its load is regulated in response to the PV output. Indeed previous works, have identified that it would allow achieving lower LCOEs than stand-alone CSP plants by means of allowing it to better utilize the solar field for storing energy during the daytime while PV is used [1]. On the fossil-based generation side, the gas turbine combined cycle (CCGT) occupies an outstanding position among power generation technologies. This is due to the fact that it is considered the most efficient fossil fuel-to-electricity converter, in addition to the maturity of such technology, high flexibility, and the generally low LCOE, which is largely dominated by fuel cost and varies depending on the natural gas price at a specific location. Obviously, the main drawback is the generated carbon emissions. In countries rich in natural gas resources and with vast potential for renewable energies implementation, such as the United Arab Emirates (UAE), abandoning a low LCOE technology with competitively low emissions – compared to coal or oil - and heading to costly pure renewable generation, seems like an aggressive plan. Therefore, hybridizing CCGT with renewable generation can be considered an attractive option for reducing emissions at reasonable costs. This is the case of the UAE with vast resources of both natural gas and solar energy. Previous work have shown the advantages of hybrid PV-CCGT and hybrid PV-CSP plants separately [1][2]. In this thesis, CSP and the two hybrid systems are compared on the basis of LCOE and CO2 emissions for a same firm-power capacity factor when considering a location in the UAE. The results are compared against each other to highlight the benefits of each technology from both environmental and economic standpoints and provide recommendations for future work in the field. The techno-economic analysis of CSP (STPP with TES), PV-CSP(STPP with TES) and PV-CCGT power plants have been performed by DYESOPT, an in-house tool developed in KTH, which runs techno-economic performance evaluation of power plants through multi-objective optimization for specific locations[1]. For this thesis, a convenient location in the UAE was chosen for simulating the performance of the plants. The UAE is endowed by the seventh-largest proven natural gas reserves and average to high global horizontal irradiation (GHI) and direct normal irradiation (DNI) values all year round, values considered to be lower than other countries in the MENA region due to its high aerosol concentrations and sand storms. The plants were designed to provide firm power in two cases, first as baseload, and second as intermediate load of 15 hours from 6:00 until 21:00. The hours of production were selected based on a typical average daily load profile. CSP and PV-CSP model previously developed by [3][1] were used. Ideally in the PV-CSP model, during daytime hours the PV generation is used for electricity production, covering the desired load, while CSP is used partly for electricity production and the rest for storing energy in the TES. Energy in the TES system is then used to supply firm power during both periods of low Irradiance and night hours or according to need. A PV-CCGT model has been developed which operates simultaneously, prioritizing the availability of PV while the CCGT fulfils the remaining requirement. There is a minimum loading for the CCGT plant which is determined by the minimum possible partial loading of the gas turbine restricted by the emission constraints. Accordingly, in some cases during operation PV is chosen to be curtailed due to this limitation. The main results of the techno-economic analysis are concluded in the comparative analysis of the 3 proposed power plant configurations, where the PV-CCGT plant is the most economic with minimum LCOE of 86 USD/MWh, yet, the least preferable option in terms of carbon emissions. CSP and PV-CSP provided higher LCOE, while the PV-CSP plant configuration met the same capacity factor with 11% reduction in LCOE, compared to CSP

    Solar Photovoltaic and Thermal Energy Systems: Current Technology and Future Trends

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    Solar systems have become very competitive solutions for residential, commercial, and industrial applications for both standalone and grid connected operations. This paper presents an overview of the current status and future perspectives of solar energy (mainly photovoltaic) technology and the required conversion systems. The focus in the paper is put on the current technology, installations challenges, and future expectations. Various aspects related to the global solar market, the photovoltaic (PV) modules cost and technology, and the power electronics converter systems are addressed. Research trends and recommendations for each of the PV system sectors are also discussed.Junta de Andalucía P11-TIC-7070Ministerio de Ciencia e Innovación TEC2016-78430-
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