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The increasing penetration of distributed energy resources (DERs) into distribution networks has changed the energy trading pattern in traditional electricity markets to some degree, and this will possibly cause network congestion and nodal voltage violations. This paper proposes a two-stage modeling framework for peer-to-peer (P2P) energy trading with voltage regulation services provision considered. In the first stage, direct P2P trading among prosumers, considering network congestion management, is enabled. In the second stage, prosumers provide voltage regulation services to address possible voltage violations. Aiming at maximizing social welfare, the alternative direction method of multipliers (ADMM) is applied to solve the two-stage problem. On the basis of the optimal energy solution of the two-stage problem, the energy prices of P2P transactions and the price of voltage regulation services are settled based on the Nash bargaining model. Finally, simulation results of the IEEE 33-bus power system with six prosumers included demonstrate the effectiveness of the proposed models. [ABSTRACT FROM AUTHOR]

In the context of modern power system development to support the evolution towards green energy and carbon-neutral emission goals, many existing problems and even challenges demand new technical solutions. In recent years, decentralized blockchain technology has been employed to address some problems in power systems, and many papers have been published. In this paper, the concept of blockchain is first introduced. A brief survey of the existing publications regarding the applications of blockchain in power systems, including power system dispatching, microgrid operation, energy trading, electricity trading settlement, transmission, and distribution system operation, is then carried out. In addition, several application scenarios of blockchain technology in power systems are also introduced. Through the discussion, we found that we still need to weigh the advantages and disadvantages, overcome its leakage, and bring its value into play if we apply blockchain technology in modern power systems in support of zero carbon goals. [ABSTRACT FROM AUTHOR]

Electricity theft behaviors have caused great harm to the economic benefits of power companies and the secure operation of power systems, thus electricity theft detection is paid much attention in the actual power supply management. In this work, a two-step electricity theft detection strategy is proposed to identify electricity theft users and predict potentially stolen electricity (PSE) for maximizing economic return. In the first step, a neural network model called convolutional autoencoder (CAE) is proposed for electricity theft identification, and the convolutional layer is adopted in CAE to extract and identify the abnormalities of electricity theft users against the uniformity and periodicity of normal power consumption features. In the second step, the PSE of each identified electricity theft user is predicted by the improved regression algorithm named Tr-XGBoost, which combines the extreme gradient boosting (XGBoost) algorithm and transfer adaptive boosting (TrAdaBoost) training strategy. The propsoed Tr-XGBoost could learn the relationship between the extracted electricity features and the PSE of each electricity theft user, and then the predicted PSE can be used to determine the list of electricity theft users to be inspected for maximizing economic return. Case studies on both the IEEE 33-bus test system and a low-voltage distribution system of a province in China show that the proposed two-step electricity theft detection strategy can improve the accuracy of electricity theft identification, and obtain a larger economic return because of a more accurate result of PSE prediction than other state-of-the-art algorithms. [ABSTRACT FROM AUTHOR]

The article presents the discussion on deployment of distributed energy resources (DERs). Topics include technical issues with protection placement and coordination, voltage and power violation, power quality, and energy losses; and new business model in power systems motivating electricity end-users for playing an active role and participating in electricity transactions and reducing carbon emissions.

An energy deviation settlement (EDS) mechanism has been proposed to settle the deviation between consumption and energy contracts in China's forward electricity market. Due to high EDS costs of electricity retailers, a deviation mutual insurance (DMI) mechanism is put forward, representing an option for electricity retailers to reduce the deviation through contract transfer. Given this background, an optimal alliance strategy is proposed to maximize the utility of different types of individual electricity retailers. The alliance income model considers the EDS cost reduction and the cooperation cost analyzed based on transaction cost theory (TCT). An improved income allocation method, which considers distribution indexes selected by game theory and resource dependence theory (RDT), is proposed to ensure the comprehensive and reasonable allocation of alliance income. Considering the expected income and financial risk, an evaluation model using conditional value at risk (CVaR) as the financial risk assessment indicator is presented to measure the stability of alliances. Simulations based on data from a provincial electricity market in China illustrate that the EDS costs of retailers can be reduced by selecting appropriate partners for alliance. In addition, the proposed alliance income allocation method is more reasonable and more targeted than the cooperative game-based methods. [ABSTRACT FROM AUTHOR]

The overall performance of emission trading (ET), a market-based emission regulation tool, strongly relies on participants' participation and responses. In order to improve market design, it is important for policy makers to understand the participants' trading behaviors in different market environments. However, human behaviors cannot be easily modeled with conventional analytical methods due to its “bounded rationality” characteristics. In this paper, based on the complementary features between experimental and agent-based computational methods, a hybrid interactive simulation methodology is proposed to solve human behaviors related problems. Human-subjected experiment based on European Union Emissions Trading System price data in 2006 is conducted, the results show that there is no fixed emission trading interval for generation companies, and the strategic behaviors of market participants are observed. Major driving factors of emission trading are categorized into emission price, emission quantity and time related factors, which are in accordance with empirical analysis results on EU ETS 2005–2006 transaction dataset. Furthermore, more human-subjected experiments are conducted under different emission price scenarios to obtain samples for quantitative analysis. Based on thousands of samples obtained, the joint influences of driving factors on emission trading behaviors are analyzed. The quantitative analysis results obtained can reflect the trading patterns of human participants, which provide basis for constructing computer agents that can act as useful substitutes for human participants. [ABSTRACT FROM PUBLISHER]

Presenta a discussion on the paper, "Gas-Electricity Coordination in Competitive Markets Under Renewable Energy Uncertainty." [ABSTRACT FROM PUBLISHER]