Weekly bidding strategy and selling price determination for a energy internet zone

Abstract

Energy internet zones, which supply and manage multiple energy kinds to customers simultaneously, attract more and more attentions for its high energy efficiency. This paper discussed the optimal weekly bidding strategy for a energy internet zone in midterm timescale. The optimal amount of bilateral contract and selling prices of multiple energy kinds can be obtained for expected profit maximization. Stochastic optimization is adopted to manage the uncertainties of electricity market prices and load demands. A energy internet zone in shanghai, China is adopted to illustrate the proposed model. The result shows that the energy internet zones prefer to supply the base load by signing bilateral contracts. The signed contracts increase with the decrease of contract prices and local photovoltaic system’s installed capacity.

Keywords

• Energy internet zone
• Bilateral contract
• Bidding strategy
• Pool market
• Selling price