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Robust optimization for integrated energy systems based on multi-energy trading

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  • Gao, Jin
  • Shao, Zhenguo
  • Chen, Feixiong
  • Lak, Mohammadreza

Abstract

Amid rising energy demands and environmental concerns, integrated energy systems (IESs) face conflicting interests. Conventional strategies of interest distribution face issues such as irrational resource allocation. Accordingly, establishing energy trading strategies with multiple stakeholders becomes essential. This paper proposes a robust optimization (RO) for IESs based on multi-energy trading to reduce energy trading cost. In this regard, a single-leader-multi-follower Stackelberg game is first modeled where IES acts as the leader, and the users and the electric vehicles (EVs) act as the followers. Secondly, this model is transformed into a single-layer linear model and integrated into the multi-stage RO. With this, the nonanticipativity in the two-stage RO can be effectively handled. Besides, by constructing multi-interval uncertainty sets for renewable energy, load, and electricity prices, the conservatism of the model is reduced, making the optimization results closer to actual condition. Noteworthy that the Nash bargaining method ensures a fair distribution of benefits among IESs and encourages them to participate in energy trading. Finally, the multi-energy trading model is solved using the prediction-correction-based alternating direction method with multipliers (PCB-ADMM) algorithm. The PCB-ADMM not only protects each IES’s privacy but also has less execution time than the ADMM algorithm. The effectiveness of the proposed strategy is validated through simulation using Matlab.

Suggested Citation

  • Gao, Jin & Shao, Zhenguo & Chen, Feixiong & Lak, Mohammadreza, 2024. "Robust optimization for integrated energy systems based on multi-energy trading," Energy, Elsevier, vol. 308(C).
    • Handle: RePEc:eee:energy:v:308:y:2024:i:c:s0360544224020760
    DOI: 10.1016/j.energy.2024.132302
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