A Study of Integrated Model for Electricity Supply Chain Considering Renewable Energy Fraction and Demand Variation

Authors

  • Kosuke Takahashi Department of Civil Engineering and Systems Management, Nagoya Institute of Technology, Japan
  • Jing Sun Department of Civil Engineering and Systems Management, Nagoya Institute of Technology, Japan

DOI:

https://doi.org/10.14738/abr.111.13768

Keywords:

Green Energy Coefficient (GEC), Electricity Supply Chain, Renewable Energy

Abstract

This paper aims to derive integrated model for electricity supply chain considering renewable energy fraction and demand variation. Currently, attention is being paid to increasing the ratio of renewable energy generation in the electric power market which called Green Energy Coefficient (GEC). This paper aims to derive an integrated model of electricity supply chain considering renewable energy fraction and demand variation using multi-agent reinforcement learning. The subjects of the models are the consumption market model, the electricity market model, and the production market model. Also, the pricing process in electricity supply chain is analyzed using the proposed multi-agent simulations.

References

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Yumiko Watanabe and Kenji Yamaji (2006): "Construction of a Long-Term Electricity Supply and Demand Model by Multi-Agent Reinforcement Learning," Master's thesis

Taki Kanetaka and Yukiyo Arai (2009): "A Q-learning model of U.S. electricity market trading strategy using multi-agent simulation", 9th MAS Competition

Kenji Inagaki and Kenji Yamaji (2004): "Analysis of Power Generators' Behavior in a Liberalized Electricity Market Using a Multi-Agent Model", Master's thesis, Department of Advanced Energy Engineering, Graduate School of Frontier Sciences, The University of Tokyo

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Electricity Market Development Office, Electricity and Gas Industry Department, Agency for Natural Resources and Energy, Ministry of Economy, Trade and Industry, "Electric Power System Reform.

Yuto Takahashi, Hideyuki Suzuki, Kazuyuki Aihara (2014): "Analysis of Electricity Market Pricing Methodology Considering Renewable Energy".

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Agency for Natural Resource and Energy, Ministry of Economy, Trade and Industry: https://www.enecho.meti.go.jp/category/electricity_and_gas/electric/electricity_liberalization/(5/5/2022)

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Published

2023-01-12

How to Cite

Takahashi, K., & Sun, J. (2023). A Study of Integrated Model for Electricity Supply Chain Considering Renewable Energy Fraction and Demand Variation. Archives of Business Research, 11(1), 12–21. https://doi.org/10.14738/abr.111.13768