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Price-Matching-Based Regional Energy Market With Hierarchical Reinforcement Learning Algorithm

Authors :
Zhang, Ning
Yan, Juan
Hu, Cungang
Sun, Qiuye
Yang, Lingxiao
Gao, David Wenzhong
Guerrero, Josep M.
Li, Yushuai
Source :
IEEE Transactions on Industrial Informatics; September 2024, Vol. 20 Issue: 9 p11103-11114, 12p
Publication Year :
2024

Abstract

This article proposes a multienergy trading market model based on price matching, aiming to foster multienergy collaboration and enhance energy utilization through individual participation. With the ongoing advancements in energy distribution and marketization, the energy Internet necessitates improved applicability and efficiency for personalized energy responses. To address these requirements, a multienergy trading market model is proposed, which enables the avoidance of user information disclosure and guarantees user trading autonomy. In addition, a joint trading mechanism is designed that accounts for multiple time scales and energy types, consequently reducing trading failures caused by overlooking energy transmission processes. By performing the proposed trading mechanism, the market operator can match various energy types using conversion devices, thereby augmenting matching efficiency. An income mechanism is also established to deter the operator from purposefully evading potential trading opportunities for personal gain. To address the proposed model, an improved hierarchical reinforcement learning algorithm is employed, which effectively overcomes challenges associated with large state action spaces and sparse rewards. Numerical examples are provided to confirm the efficacy of the proposed approach.

Details

Language :
English
ISSN :
15513203
Volume :
20
Issue :
9
Database :
Supplemental Index
Journal :
IEEE Transactions on Industrial Informatics
Publication Type :
Periodical
Accession number :
ejs67331211
Full Text :
https://doi.org/10.1109/TII.2024.3390595