Skip to main content

Advertisement

Log in

Integrated Energy Market Mechanism and Integrated Energy Service Design

  • Energy Markets (R Sioshansi and A Mousavian, Section Editors)
  • Published:
Current Sustainable/Renewable Energy Reports Aims and scope Submit manuscript

Abstract

Purpose of Review

The emergence of an integrated energy market provides new opportunities for the liberalization and flexibility of integrated energy trading. However, the design of the integrated energy market and the integrated energy service mode need to be clarified and discussed.

Recent Findings

The concept, characteristics, and framework of the integrated energy market have been analyzed in several research literatures. At present, there are some new viewpoints on the design of integrated energy market mechanism. Some development plans of integrated energy market and development mode of integrated energy service are put forward.

Summary

This paper proposes the concept and characteristics of the integrated energy market and then discusses the transaction framework of the integrated energy market in detail from five aspects: market types, market entities, transaction varieties, trading modes, and market framework. On this basis, the concept and main contents of integrated energy services are studied.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Fig. 1
Fig. 2
Fig. 3

Similar content being viewed by others

References

Papers of particular interest, published recently, have been highlighted as: • Of importance •• Of major importance

  1. Mitridati L, Kazempour J, Pinson P. Heat and electricity market coordination: a scalable complementarity approach. Eur J Oper Res. 2020;283(3):1107–23.

    Article  MathSciNet  MATH  Google Scholar 

  2. Haiping S, Ming C, Lei Q, et al. Linear model research of unit commitment for integrated electricity and natural-gas systems considering power-to-gas coupling. Power Syst Prot Control. 2019;47(08):34–41.

    Google Scholar 

  3. Chengcheng SHAO, Xifan WANG, Xiuli WANG, et al. Probe into analysis and planning of multi-energy systems. Proc CSEE. 2016;36(14):3817–28.

    Google Scholar 

  4. Hu YAN, Bibin HUANG, Yudong LU, et al. Research on value analysis and business model of value-added services of“internet+”user-side distributed generation. Electric Power. 2018;51(5):160–5 178.

    Google Scholar 

  5. Bo YU, Hengnan SUN, Tianchun XIANG, et al. Planning design method of integrated energy system. Electr Power Constr. 2016;37(2):78–84.

    Google Scholar 

  6. Hongjie JIA, Dan WANG, Xiandong XU, et al. Research on some key problems related to integrated energy systems. Autom Electr Power Syst. 2015;39(7):198–207.

    Google Scholar 

  7. KAMALINIA S, WU L, SHAHIDEHPOUR M. Stochastic midterm coordination of hydro and natural gas flexibilities for wind energy integration. IEEE Trans Sustain Energy. 2014;5(4):1070–9.

    Article  Google Scholar 

  8. Tao TAN, Jiaqi SHI, Yang LIU, et al. Characteristics of industrial park energy internet and key technologies of its energy management platform. Electr Power Constr. 2017;38(12):20–30.

    Google Scholar 

  9. Guanglong XIE, Mengyu JIA, Xinyang HAN, et al. Preliminary exploration on business model of urban energy internet. Electr Power Constr. 2018;39(2):10–7.

    Google Scholar 

  10. Fang YANG, Cuifen BAI, Yibin ZHANG. Research on the value and implementation framework of energy internet. Proc CSEE. 2015;35(14):3495–502.

    Google Scholar 

  11. Weiliang WANG, Dan WANG, Hongjie JIA, et al. Review of steady-state analysis of typical regional integrated energy system under the background of energy internet. Proc CSEE. 2016;36(12):3292–305.

    Google Scholar 

  12. Dunnan LIU, Tianqi TANG, Jiawei ZHAO, et al. Big energy data information service pricing and its application in electricity market. Electr Power Constr. 2017;38(2):52–9.

    Google Scholar 

  13. Shicheng LIU, Dongxia ZHANG, Chaoyang ZHU, et al. A view on big data in energy internet. Autom Electr Power Syst. 2016;40(8):14–21.

    Google Scholar 

  14. MOUSAVIAN SEYEDAMIRABBAS, CONEJO ANTONIOJ, SIOSHANSI RAMTTEN. Equilibria in investment and spot electricity markets: a conjectural-variations approach. Eur J Oper Res. 2020;281:129–40.

    Article  MathSciNet  MATH  Google Scholar 

  15. Peng ZOU, Qixin CHEN, Qing XIA, et al. Logical analysis of electricity spot market design in foreign countries and enlightenment and policy suggestions for China. Autom Electr Power Syst. 2014;38(13):18–27.

    Google Scholar 

  16. GIL M, DUE ASP, RENESES J. Electricity and natural gas interdependency: comparison of two methodologies for coupling large market models within the European regulatory framework. IEEE Trans Power Syst. 2016;31(1):361–9.

    Article  Google Scholar 

  17. Aolin HU, Yuan QIN, Xuefeng CHEN. On spot transaction in natural gas market in China. Nat Gas Ind. 2011;31(10):101–4.

    Google Scholar 

  18. Liu LIU, Dan WANG, Kai HOU, Hongjie JIA, Siyuan LI. Region model and application of regional integrated energy system security analysis. Appl Energy. 2020;260:114268.

    Article  Google Scholar 

  19. Qixin CHEN, Dunnan LIU, Jin LIN, et al. Business models and market mechanisms of energy internet (1). Power Syst Technol. 2015;39(11):3050–6.

    Google Scholar 

  20. Mahboubi-Moghaddam E, Nayeripour M, Aghaei J. Reliability constrained decision model for energy service provider incorporating demand response programs. Appl Energy. 2016;183:552–65.

    Article  Google Scholar 

  21. Hongbin SUN, Qinglai GUO, Zhaoguang PAN. Energy internet:concept, architecture and frontier outlook. Autom Electr Power Syst. 2015;39(19):1–8.

    Google Scholar 

  22. Mahmud K, Khan B, Ravishankar J, Ahmadi A, Siano P. An internet of energy framework with distributed energy resources, prosumers and small-scale virtual power plants: an overview. Renew Sust Energ Rev. 2020;127:109840.

    Article  Google Scholar 

  23. Nelson JR, Johnson NG. Model predictive control of microgrids for real-time ancillary service market participation. Appl Energy. 2020;369:114963.

    Article  Google Scholar 

  24. Bui V-H, Hussain A, Im Y-H, Kim H-M. An internal trading strategy for optimal energy management of combined cooling, heat and power in building microgrids. Appl Energy. 2019;239:536–48.

    Article  Google Scholar 

  25. CHEN Y, KEYSER M, TACKETT MH, et al. Incorporating short-term stored energy resource into midwest ISO energy and ancillary service market. IEEE Trans Power Syst. 2011;26(2):829–38.

    Article  Google Scholar 

  26. Marí L, Nabona N, Pagès-Bernaus A. Medium-term power planning in electricity markets with pool and bilateral contracts. Eur J Oper Res. 2017;260:432–43.

    Article  MathSciNet  MATH  Google Scholar 

  27. Litvinov E. Design and operation of the locational marginal prices-based electricity markets. IET Gener Transm Distrib. 2010;4(2):315–23.

    Article  Google Scholar 

  28. Peng D, Poudineh R. Electricity market design under increasing renewable energy penetration: misalignments observed in the European Union. Util Policy. 2019;61:100970.

    Article  Google Scholar 

  29. Gaspari M, Lorenzoni A, Frías P, Reneses J. Integrated energy services for the industrial sector: an innovative model for sustainable electricity supply. Util Policy. 2017;45:118–27.

    Article  Google Scholar 

  30. Sadjadi EN. Service-dominant logic as a foundation for business model innovation in smart grids. Electr J. 2020;33(5):106737.

    Google Scholar 

  31. Hongli F. Current situation and business model of integrated energy services at home and abroad. China Electr Equip Ind. 2017;6:34–42.

    Google Scholar 

  32. Ming Z, Yang Y, Yuanfei L, et al. The preliminary research for key operation mode and technologies of electrical power system with renewable energy sources under energy Internet. Proc CSEE. 2016;36(3):681–91.

    Google Scholar 

  33. Ke PENG, Cong ZHANG, Bingyin XU, et al. Status and prospect of pilot projects of integrated energy system with multi-energy collaboration. Electr Power Autom Equip. 2017;37(6):3–10.

    Google Scholar 

  34. Long YIN, Jichun LIU, Hongjun GAO, et al. Study on bidding strategy of comprehensive power retailer under multiple user-price mechanisms. Power Syst Technol. 2018;42(1):88–95.

    Google Scholar 

  35. Yu X, Xu X, Chen S, et al. A brief review to integrated energy system and energy internet. Trans China Electrotech Soc. 2016;31(1):1–13.

    Google Scholar 

Download references

Funding

This work was financially supported by the Science and Technology Project of State Grid (the construction of provincial energy big data ecosystem and the application practice research of data value-added service for the park, 5400-202012224A-0-0-00).

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Houqi Dong.

Ethics declarations

Conflict of Interest

Houqi Dong, Ming Zeng, Liying Wang, Bo Zeng, Guangchao Qian, Dawei Yan, Na Li, and Yi Gao declare that they have no conflict of interest.

Human and Animal Rights and Informed Consent

This article does not contain any studies with human or animal subjects performed by any of the authors.

Additional information

Publisher’s Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

This article is part of the Topical Collection on Energy Markets

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Dong, H., Zeng, M., Wang, L. et al. Integrated Energy Market Mechanism and Integrated Energy Service Design. Curr Sustainable Renewable Energy Rep 7, 193–201 (2020). https://doi.org/10.1007/s40518-020-00166-0

Download citation

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s40518-020-00166-0

Keywords

Navigation