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On Security-Constrained Bidding of Shared Transportation Hubs for Renewable Fuels and Refined Oil Participating Within Energy, Regulation and Pipeline Logistics Markets
Wang, Shengshi1,2; Li, Hongyi3,4; Huang, Danji5; Li, Kun1; Cui, Shichang1; Ai, Xiaomeng1; Fang, Jiakun1; Wen, Jinyu1
2024
Conference Name7th IEEE Student Conference on Electric Machines and Systems, SCEMS 2024
Source PublicationIEEE Student Conference on Electric Machines and Systems (SCEMS)
Pages204483
Conference Date6 November 2024through 8 November 2024
Conference PlaceMacao
PublisherInstitute of Electrical and Electronics Engineers
Abstract

This paper investigates the security-constrained bidding strategy of the emerging shared transportation hubs for renewable fuels and refined oil (STH-RRs) participating within energy, regulation and pipeline logistics markets. Firstly, to excavate more flexible capability for the power system as well as to increase the revenue of the STH-RR operation company, the model for STH-RR participating in regulation market is established. Secondly, the security-constrained two-stage bidding model is first proposed for STH-RRs to balance the revenue across energy, regulation and pipeline logistics markets. Particularly, to guarantee secure operation of STH-RRs and meet the delivery demand, the rigorous multi-product transportation constraints are considered in both stages. Case studies based on the modified real-world multi-product pipelines in South China validate the proposed method, with the revenue and turnover increase of 14% and 4.7%, respectively, compared with conventional methods.

KeywordFrequency Regulation Multi-product Pipeline Logistics Renewable Energy Security-constrained Shared Transportation Hubs For Renewable Fuels And Refined Oil
DOI10.1109/SCEMS63294.2024.10756433
URLView the original
Language英語English
Scopus ID2-s2.0-85212283073
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Citation statistics
Document TypeConference paper
CollectionDEPARTMENT OF ELECTRICAL AND COMPUTER ENGINEERING
Affiliation1.School of Electrical and Electronic Engineering, Huazhong University of Science and Technology, State Key Laboratory of Advanced Electromagnetic Technology, Wuhan, China
2.School of Engineering, Cardiff University, Cardiff, United Kingdom
3.Iowa State University, Department of Electrical and Computer Engineering, Ames, United States
4.University of Macau, Department of Electrical and Computer Engineering, Macao
5.PetroChina ShenZhen New Energy Research Institute Co., Ltd., Shenzhen, China
Recommended Citation
GB/T 7714
Wang, Shengshi,Li, Hongyi,Huang, Danji,et al. On Security-Constrained Bidding of Shared Transportation Hubs for Renewable Fuels and Refined Oil Participating Within Energy, Regulation and Pipeline Logistics Markets[C]:Institute of Electrical and Electronics Engineers, 2024, 204483.
APA Wang, Shengshi., Li, Hongyi., Huang, Danji., Li, Kun., Cui, Shichang., Ai, Xiaomeng., Fang, Jiakun., & Wen, Jinyu (2024). On Security-Constrained Bidding of Shared Transportation Hubs for Renewable Fuels and Refined Oil Participating Within Energy, Regulation and Pipeline Logistics Markets. IEEE Student Conference on Electric Machines and Systems (SCEMS), 204483.
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