Research on comprehensive assessment of regional renewable energy consumption in the electricity market environment

Building a new power system with renewable energy as the main body is a key measure and inevitable requirement to help achieve the goals of carbon peaking and carbon neutrality. The electricity market is an essential source of support for the construction of new power systems. Research on the role o...

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Published in2024 6th International Conference on Energy, Power and Grid (ICEPG) pp. 324 - 328
Main Authors Cai, Qiuna, Dong, Kai, Wu, Guobing, Lu, En, Chen, Zhongfei, Li, Yupeng, Jing, Zhaoxia
Format Conference Proceeding
LanguageEnglish
Published IEEE 27.09.2024
Subjects
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DOI10.1109/ICEPG63230.2024.10775398

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Abstract Building a new power system with renewable energy as the main body is a key measure and inevitable requirement to help achieve the goals of carbon peaking and carbon neutrality. The electricity market is an essential source of support for the construction of new power systems. Research on the role of renewable energy in the assessment of the electricity market environment consumption is of great significance. First, a threestage mathematical model of the regional electricity market evolution process is constructed, and the market equilibrium at each stage is solved. Then, based on the Q-learning reinforcement learning algorithm, a multi-agent market clearing model regarding the subject's quotation strategy under imperfect competition was established, and an evaluation system including multi-dimensional indicators such as renewable energy consumption space and adequacy was built. Finally, standard node examples are used to systematically analyze carbon emission models, market equilibrium results, renewable energy consumption, multi-agent simulation, and other scenarios under different regional electricity market evolution stages, providing feasible policy suggestions for the problems.
AbstractList Building a new power system with renewable energy as the main body is a key measure and inevitable requirement to help achieve the goals of carbon peaking and carbon neutrality. The electricity market is an essential source of support for the construction of new power systems. Research on the role of renewable energy in the assessment of the electricity market environment consumption is of great significance. First, a threestage mathematical model of the regional electricity market evolution process is constructed, and the market equilibrium at each stage is solved. Then, based on the Q-learning reinforcement learning algorithm, a multi-agent market clearing model regarding the subject's quotation strategy under imperfect competition was established, and an evaluation system including multi-dimensional indicators such as renewable energy consumption space and adequacy was built. Finally, standard node examples are used to systematically analyze carbon emission models, market equilibrium results, renewable energy consumption, multi-agent simulation, and other scenarios under different regional electricity market evolution stages, providing feasible policy suggestions for the problems.
Author Wu, Guobing
Jing, Zhaoxia
Lu, En
Li, Yupeng
Cai, Qiuna
Dong, Kai
Chen, Zhongfei
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  organization: South China University of Technology,School of Electric Power Engineering,Guangzhou,China,510641
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Snippet Building a new power system with renewable energy as the main body is a key measure and inevitable requirement to help achieve the goals of carbon peaking and...
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SubjectTerms Analytical models
Electricity
electricity market
Electricity supply industry
Mathematical models
multi-agent model
Power measurement
Power systems
Q-learning
Q-learning algorithm
renewable energy consumption
Renewable energy sources
Systematics
Title Research on comprehensive assessment of regional renewable energy consumption in the electricity market environment
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