AUTHOR=Cai Ye , Liu Ying , Tang Xiafei , Tan Yudong , Cao Yijia 

TITLE=Increasing Renewable Energy Consumption Coordination With the Monthly Interprovincial Transaction Market

JOURNAL=Frontiers in Energy Research

VOLUME=Volume 9 - 2021

YEAR=2021

URL=https://www.frontiersin.org/journals/energy-research/articles/10.3389/fenrg.2021.719419

DOI=10.3389/fenrg.2021.719419

ISSN=2296-598X

ABSTRACT=The limited regulation capacity of the power grid, coupled with the imperfect market mechanism, has squeezed the space for renewable energy consumption in China. This paper proposes a renewable energy consumption mechanism through the monthly inter-provincial transactions market, to balance the revenue of each market participant and improve the consumption of renewable energy. A new player named “inter-provincial traders” is introduced to serve as the middleman for the renewable generation, users, and the power grid company. The main function of “inter-provincial traders” is to coordinate and match the user load with the output of renewable energy. In such a market mechanism, the social factors, influenced by the revenue of each trading cycle, are considered in the user responding model from the perspective of consumer psychology. Finally, a two-phase optimization model is proposed to promote renewable energy consumption coordination with the monthly inter-provincial market. The optimization model is simulated in a provincial power grid example. The results show that the model can effectively increase the consumption of renewable energy as well as improving the profit of power grid companies and users.