Electrification and Decarbonization of Commercial and Industrial Energy Systems

The field of energy systems research is moving towards a more integrated and decentralized approach, focusing on the electrification and decarbonization of commercial and industrial energy systems. Recent studies have highlighted the importance of aligning economic and emissions incentives to promote sustainable energy consumption and reduce carbon emissions. The development of new pricing mechanisms, such as congestion-dependent imbalance pricing and translation-symmetric markets, is expected to play a crucial role in achieving this goal. Additionally, the integration of demand response and carbon trading mechanisms is being explored to maximize carbon reduction potential in rural integrated energy systems. Noteworthy papers in this area include: The paper on 'Playing with Peaks' which compares the performance of anytime peak pricing and coincident peak pricing mechanisms, and finds that the latter can backfire and induce larger equilibrium peaks under imperfect information. The paper on 'Translation-Symmetric Market' which proposes a framework for enabling incentive-compatible profit allocation in virtual power plants, and demonstrates its effectiveness in securing transparent valuation of resource contributions. The paper on 'Carbon Reduction Potential and Sensitivity Analysis of Rural Integrated Energy System' which develops a multi-energy-coupled low-carbon optimal operation framework and identifies highly sensitive determinants of emission reduction in rural integrated energy systems.

Sources

Retail electricity costs and emissions incentives are misaligned for commercial and industrial power consumers

Playing with Peaks: A Game-Theoretic Comparison of Electricity Pricing Mechanisms

Translation-Symmetric Market: Enabling Incentive Compatibility For DER Aggregation

Carbon Reduction Potential and Sensitivity Analysis of Rural Integrated Energy System with Carbon Trading and Coordinated Electric-Thermal Demand Response

A congestion-dependent imbalance pricing mechanism for regions allowing passive balancing

How much can we save? Upper bound cost and emissions benefits from commercial and industrial load flexibility

Formulation and Experimental Validation of Price-Based Control of Flexible Prosumers in Distribution Grids with the Alternating Direction Method of Multipliers

Built with on top of