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Optimal revenue sharing model of a wind-solar-storage hybrid energy plant under the green power trading market.

Authors :
Zeng, Zhuo
Gao, Xiang
Fang, Baling
Zhang, Tao
Zhu, Ying
Wang, Qin
Huang, Manyun
Source :
Frontiers in Energy Research; 2024, p1-9, 9p
Publication Year :
2024

Abstract

In the current model, the unclear and unreasonable method of revenue sharing among wind-solar-storage hybrid energy plants may a lso hinder the effective measurement of energy storage power station costs. This lack of clarity discourages energy storage from effectively collaborating with renewable energy stations for green power trading and spot trading. Therefore, this study proposes an optimal revenue sharing model of wind-solar-storage hybrid energy plant under medium and long-term green power trading market to facilitate the coordinated operation and equitable revenue allocation. Firstly, a method for decomposing transaction volume of green power is introduced by considering the uncertainty of spot market prices and physical delivery characteristics of green power trading. Then, a coordinated scheduling strategy of hybrid renewable energy plant is proposed to maximize revenues generated from both the green power and spot markets. Consequently, a cost-benefit contribution index system is developed to quantify the contribution of energy storage in the wind-solar-storage hybrid power plant. The revenue sharing model based on the minimum cost-remaining savings (MCRS) method can significantly increase overall revenue for renewable energy plants by reducing deviation penalties. It also enhances the operating revenue of energy storage power stations by considering the contributions of both energy storage and renewable energy plant in the green power market. The superiority of the proposed cooperation revenue sharing model for profitability enhancement of energy storage is validated through comparative case studies. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
2296598X
Database :
Complementary Index
Journal :
Frontiers in Energy Research
Publication Type :
Academic Journal
Accession number :
179290313
Full Text :
https://doi.org/10.3389/fenrg.2024.1459090