Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “renewable to grid integration”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 433 records · Page 24
All sourcesNASA NTRSDOE OSTI
DOE OSTI2022

Deep reinforcement learning based optimization for a tightly coupled nuclear renewable integrated energy system

New ways to integrate energy systems to maximize efficiency are being sought to meet carbon emissions goals. Nuclear-renewable integrated energy system (NR-IES) concepts are a leading solution that couples a nuclear power plant with renewable energy, hydrogen generation plants, and energy storage systems, such that thermal and electrical power are dispatchable to fulfill grid-flexibility requirements while also producing hydrogen and maximizing revenue. Here, this paper introduces a deep reinforcement learning (DRL)-based framework to address the complex decision-making tasks for NR-IES. The objective is to maximize revenue by generating and selling hydrogen and electricity simultaneously according to their time-varying prices while keeping the energy flow in the subsystems in balance. A Python-based simulator for a NR-IES concept has been developed to integrate with OpenAI Gym and Ray/RLlib to enable an efficient and flexible computational framework for DRL research and development. Three state-of-the-art DRL algorithms have been investigated, including two-delayed deep deterministic policy gradient (TD3), soft-actor critic (SAC), proximal policy optimization (PPO), to illustrate DRL’s superiority for controlling NR-IES by comparing it with a conventional control approach, particle swarm optimization (PSO). In this effort, PPO has shown more-stable performance and also better generalization capability than SAC and TD3. Comparisons with PSO have demonstrated that, on average, PPO can achieve 13.9% more mean episode returns from the training process and 29.4% more mean episode returns from the testing process when different hydrogen-production targets are applied.

08 HYDROGEN↗
DOE OSTI2022

Application of Advanced Metering Infrastructure Data to Advanced Utility System Operations: Cooperative Research and Development, CRADA Number CRD-17-00712 (Final Report)

The primary objective of the proposed project is to evaluate the capabilities of Advanced Metering Infrastructure (AMI) based controls for grid operations. This includes monitoring and control at the secondary transformer level using existing AMI infrastructure. In addition, some of the challenges of using a model-less control will also be identified. The lessons learned will be disseminated to other utilities around the country through peer-reviewed publications with the consent of SDG&E. The scope of the work includes using data from SDG&E's existing AMI infrastructure and working with third party vendors selected by SDG&E. The grid edge monitoring systems and controls provided by the selected vendors will perform grid operations using AMI data. The National Renewable Energy Laboratory (NREL) will perform a software and controller-based evaluation of the grid edge controller, intelligent devices and sensors, at the Energy System Integration Facility (ESIF) laboratory.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2023

Small Reactors in Microgrids: Technology Modeling and Selection (Net-Zero Microgrid Program Project Report)

This report demonstrates the capabilities of the net-zero microgrid (NZM) Xendee platform for modeling an SR module with electricity, heat extraction and thermal storage in microgrids configurations. The model effectively captures the most important technical and economic considerations for SR technology specific analysis: cost and operational characteristics of SR technology and financial costs and incentives. The model can analyze multiple scenarios to establish metrics for cost-competitive and zero-carbon microgrids connected to the grid or completely isolated. The model is fully integrated within the Xendee platform for modeling and analysis of clean energy microgrids with storage and generation from renewable energy sources. The model captures the capabilities, constraints, and nuances of SR by incorporating parameters related to plant economics, design efficiency and performance, plant operation and component and fuel lifespan. The cost and operational parameters modeled in the SR module are specific to the technology selected for integration in the microgrid. Cost parameters recognize advanced nuclear technology for modular production and installation based on economies of scale from factory manufacture and related commissioning, and cost reduction through technology maturation—first-of-a-kind (FOAK) and nth-of-a-Kind (NOAK). The cost parameters include installation, operations and maintenance (O&M), fuel refueling cycle, and reactor life. Installation cost reflects economies of scale due to unit sizing at scale and colocation. O&M economies of scale for both fixed- and variable-cost fuel life-cycle costs are incurred at every refueling interval, with separate front- and back-end fuel costs, as well as waste-handling and disposition costs. This report investigates key characteristics of different SR technologies suitable for microgrid applications, including design principles, sizing, coolant properties, temperature ratings, fuel structures, and life-cycle considerations. This also includes fuel technologies applicable to these SR systems, alongside strategies for nuclear-waste and spent-fuel management and approaches to address safety, security, and proliferation challenges. Four primary groups of SR technologies are examined: water-cooled, liquid-metal-cooled, high-temperature gas-cooled, and molten-salt-cooled systems. In this report, an initial guideline for technology selection is established, aligning the characteristics of the technologies with the requirements of microgrids. The selection of technology in a microgrid is influenced by various factors, including financial capacity, location and accessibility, demand type and characteristics, reliability and resilience requirements, area constraints, and the lifespan of the microgrid. The types of electrical and non-electrical applications within the microgrid also play a significant role in technology selection. The characteristics of SRs, such as their smaller size, modularity, transportability, long refueling interval, improved safety features, ability to operate in autonomous or semi-autonomous mode, and provision of high-grade heat, are particularly appealing for microgrids. Furthermore, a list of considerations for implementing SRs in microgrids is outlined. The SR model is created to be continuously improved with the acquisition of actual data on investment and operational costs, experience with supply chains, production at scale, and field deployments. In the near term, performance data on applications in microgrids will become available from lessons learned from laboratory tests, such as those planned for the Microreactor Applications Research Validation and Evaluation Project (MARVEL), led by Idaho National Laboratory (INL). The SR model incorporates scenario data and known SR design specifications, enabling technoeconomic analysis for SR deployment in microgrids. It specifically considers the distinctive attributes of SRs as generators in technoeconomic studies. SRs can be modeled and analyzed with generation from renewable-energy sources, energy storage, and flexible loads over a range of functionality and applications. This offers a comprehensive tool for feasibility studies, scenario development, and sensitivity analysis for “what-if” consideration of any range of assumptions about SRs in microgrids and other aggregations of distributed-energy resources, including virtual power plants.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗
DOE OSTI2023

Grid Strength Analysis for Integrating 30 GW of Offshore Wind Generation by 2030 in the U.S. Eastern Interconnection

Offshore wind is a key player in the transition to a decarbonized electric gird, and the United States has set ambitious goals of integrating 30 GW of offshore wind capacity by 2030 and 110 GW by 2050. To facilitate this integration, the National Renewable Energy Laboratory and the Pacific Northwest National Laboratory are conducting the Atlantic Offshore Wind Transmission Study to assess transmission solutions. To achieve the 110-GW target by 2050, meticulous planning for network expansion and resource allocation is essential; however, meeting the 2030 goals requires integrating offshore wind power with minimal system upgrades, thus necessitating a careful study of grid strength and stability. The study team developed the Automated System-wide Strength Evaluation Tool (ASSET) to assess system strength under various operating conditions and contingencies, focusing on the proposed integration of 30 GW of offshore wind power by 2030. In this paper, we provide a summary of key features of the ASSET software and results of the grid strength analysis for integrating 30 GW of offshore wind generation by 2030 in the U.S. Eastern Interconnection.

Automated System-wide Strength Evaluation Tool (AS↗
DOE OSTI2023

Grid Strength Analysis for Integrating 30 GW of Offshore Wind Generation by 2030 in the U.S. Eastern Interconnection: Preprint

Offshore wind is a key player in the transition to a decarbonized electric gird, and the United States has set ambitious goals of integrating 30 GW of offshore wind capacity by 2030 and 110 GW by 2050. To facilitate this integration, the National Renewable Energy Laboratory and the Pacific Northwest National Laboratory are conducting the Atlantic Offshore Wind Transmission Study to assess transmission solutions. To achieve the 110-GW target by 2050, meticulous planning for network expansion and resource allocation is essential; however, meeting the 2030 goals requires integrating offshore wind power with minimal system upgrades, thus necessitating a careful study of grid strength and stability. The study team developed the Grid Strength Analysis Tool (GSAT) to assess system strength under various operating conditions and contingencies, focusing on the proposed integration of 30 GW of offshore wind power by 2030. In this paper, we provide a summary of key features of the GSAT software and results of the grid strength analysis for integrating 30 GW of offshore wind generation by 2030 in the U.S. Eastern Interconnection.

Automated System-wide Strength Evaluation Tool (AS↗
DOE OSTI2023

Storage Effectiveness in Enabling Variable Generation and Avoiding Fossil Emissions

In this paper, we investigate the relationship between storage and variable generation (VG) and how they can be used to replace fossil-fired technologies and their associated emissions. Unlike fossil generation, VG relies on variable resources (wind, solar, etc.), and the timing of these resources does not always match system needs, creating challenges both in terms of when energy is delivered and the reliability of that delivery. These challenges are typically addressed in one of two ways: paring VG with storage to provide firmed, time-shiftable energy or by building additional VG throughout an interconnection so that adequate amounts of VG are always available. The choice of how much to build of each (storage and VG) is typically an economic one. In this work, we focus on the former case - investigating the role of storage in bringing renewables onto the grid.

13 HYDRO ENERGY↗
DOE OSTI2022

Synchronization in electric power networks with inherent heterogeneity up to 100% inverter-based renewable generation

The synchronized operation of power generators is the foundation of electric power network stability and a key to the prevention of undesired power outages and blackouts. Here, we derive the conditions that guarantee synchronization in power networks with inherent generator heterogeneity when subjected to small perturbations, and perform a parametric sensitivity analysis to understand synchronization with varied types of generators. As inverter-based resources, which are the primary interfacing technology for many renewable sources of energy, have supplanted synchronous generators in ever growing numbers, the center of attention on associated integration challenges have resided primarily on the role of declining system inertia. Our results instead highlight the critical role of generator damping in achieving a stable state of synchronization. Additionally, we report the feasibility of operating interconnected electric grids with up to 100% power contribution from inverter-based renewable generation technologies. Our study has important implications as it sets the basis for the development of advanced control architectures and grid optimization methods that ensure synchronization and further pave the path towards the decarbonization of the electric power sector.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2026

Intelligent industrial demand response to increase grid flexibility and reliability: A review

The rapid transition toward renewable energy has introduced challenges in grid stability due to the intermittency of non-dispatchable sources like solar and wind. Industrial Demand Response (IDR) offers a promising, cost-effective solution that adjusts energy consumption patterns to align with supply, increases renewable utilization, and reduces costs. This review provides an updated analysis of IDR, sorting technologies into five categories: energy storage, scheduled energy usage, operational flexibility, on-site generation, and intelligent operations. Energy storage solutions, while requiring little flexibility, often have the longest payback periods. While slightly better, on-site generation also has longer payback periods, ranging from 5 to 20 years or more. Scheduled energy usage, operational flexibility, and intelligent operations allow significant peak reduction at lower capital costs but require greater flexibility. While 15–20 % peak reduction is within the range of all five categories, scheduled energy use and on-site energy generation are shown to have reductions of up to 70–80 % in select scenarios. Combining multiple IDR strategies from these five categories maximizes both financial and operational benefits. Synergistic approaches are shown to enhance grid stability while reducing costs. As the grid evolves, IDR will enable a more flexible, renewable-powered future that will benefit industrial facilities and the broader energy system.

Demand flexibility↗
DOE OSTI2024

The Use of High-Density UN Fuel in Heat-Pipe Microreactors

Heat-pipe microreactors (HPMRs) are very small-scale nuclear reactors that employ heat pipes (HPs) for heat removal. HPMRs can be easily integrated with other forms of renewable energies, can be used for emergency responses to disaster relief zones, can be deployed in remote locations not connected to the grid, and can be removed from sites and replaced by new ones. HPMRs can also be used for space missions as HPs do not rely on gravity for heat transfer. Conventional fuel materials, such as uranium oxide (UO 2 ) and uranium oxycarbide (UCO), are currently considered in most existing HPMR designs, but ceramic uranium nitride (UN) fuel that has high uranium density, high thermal conductivity, and high melting point may become a better fuel candidate. Through neutronics calculations, this paper assesses the impact of using UN fuel in HPMRs with two different neutron spectra (fast and thermal) and two different fuel forms [traditional solid fuel pellets and TRi-structural-ISOtropic (TRISO) fuel compacts]. It was concluded that retrofitting HPMRs with UN fuel has the potential to reduce the initial 235 U enrichment requirement by ~3 wt% (to keep the same cycle length) or increase the cycle length (by keeping the same initial 235 U enrichment), which enables more compact and transportable HPMR core designs. However, using UN fuel decreases the control element worth [by up to 20% for the Special Purpose Reactor (SPR) and 5% for HP-MR] and is up to 80% more costly. Increasing 15 N enrichment can further decrease the initial 235 U enrichment requirement and increase the control element worth but is more costly. In conclusion, compared to fast-spectrum HPMRs fueled with solid pellet fuels, retrofitting UN fuel is more suitable for thermal-spectrum HPMRs fueled with TRISO fuel compacts, where the neutron spectrum hardening caused by using UN is less significant.

73 NUCLEAR PHYSICS AND RADIATION PHYSICS↗
DOE OSTI2023

BuildingsBench: A Benchmark for Universal Building Load Forecasting [SWR-23-51]

The residential and commercial building stock in the United States is responsible for a significant percentage of energy consumption and greenhouse gas emissions. Electrification of end-uses, as well as decarbonizing the electrical grid through renewable energy sources such as solar and wind, constitutes the pathway to zero-emission buildings. Forecasting day-ahead building energy consumption is an integral part of this solution. Currently, specialized forecasting models are hand-made for each individual building, which is time-consuming, expensive, and leads to duplicated efforts. BuildingsBench is a Python software framework for training and comparing generalized machine learning models for universal building load forecasting. This challenge tasks a single foundational model to generalize its forecasts for a wide variety of buildings, across geographic regions, building types, weather patterns, and more. This software provide code for pre-training such models and subsequently evaluating their performance on a suite of hundreds of diverse real and synthetic buildings. BuildingsBench is a platform for: - Large-scale pretraining with the synthetic Buildings-900K dataset for short-term load forecasting (STLF). Buildings-900K is statistically representative of the entire U.S. building stock and is extracted from the NREL End-Use Load Profiles database. - Benchmarking on two tasks evaluating generalization: zero-shot STLF and transfer learning for STLF. We provide an index-based PyTorch Dataset for large-scale pretraining, easy data loading for multiple real building energy consumption datasets as PyTorch Tensors or Pandas DataFrames, simple (persistence) to advanced (transformer) baselines, metrics management, and more.

Emami, Patrick↗
DOE OSTI2024

Salt Hydrate Eutectic Thermal Energy Storage for Building Thermal Regulation (Final Technical Report)

Thermal energy storage is anticipated to play an important role in developing the power grid of the future - a power grid that meets increasing demands of users, is resistant to disruptions, but also allows for greater penetration of renewable resources. Specifically, thermal energy storage materials can be integrated into HVAC systems and building envelopes, where they can be used to shift power demands for building climate control from periods of peak demand to periods of low demand. Phase change materials (PCMs) are compelling as low-cost, high energy density thermal energy storage materials for building thermal management. However, there is a lack of high performance low-cost PCMs within the specific temperature ranges which would most effectively allow for power load shifting. Inorganic salt hydrates represent a promising class of PCMs, but their inherent limitations cause them to be currently unavailable for reliable building applications. The overarching goals of this research effort are to: 1) Discover low-cost, high volumetric density salt hydrate eutectic PCMs to store low-quality heat (10 to 40 °C); 2) Introduce a high thermal conductivity matrix to reduce the time constant for energy storage to ~0.1 to 1 hr, incorporate nucleation catalysts to decrease undercooling, and utilize microencapsulation and shape stabilization approaches, minimizing moisture loss/gain, mitigating phase separation, and maintaining stable melting behavior over the lifetime of the compounds; 3) Evaluate the impact these systems have on peak load shifting, and the potential for overall energy savings under different climatic scenarios and building configurations. These goals will be achieved by an integrated research program consisting of six cohesive research subtasks: 1) Materials discovery of eutectic salt hydrate PCMs by using computationally predicted thermodynamic equilibria, coupled with high-throughput experimental validation, 2) Rapid experimental screening of nucleation catalysts identified through robust computational databases, 3) Embedding salt hydrate PCM into a low cost and scalable high conductivity matrix, 4) Microencapsulation of salt hydrate microspheres using hybrid inorganic-polymer microencapsulation approach, 5) Shape stabilization by thermoreversible salt hydrate salogels, and 6) Analysis of end-use using thermal simulations, and characterization of mock-up energy storage finished components.

25 ENERGY STORAGE↗
DOE OSTI2026

A State-Space Model for Stability Boundary Analysis of Grid-Following Voltage Source Converters Considering Grid Conditions

With the growing significance of renewable energy resources and energy storage systems, the number of grid-connected inverters has been rising at an increasingly rapid pace. Generally, these inverters are directly integrated with the distribution network by synchronizing with the grid voltage at the point of common coupling. However, the low grid strength and varying R/X ratios, as the common characteristics of most distribution networks or weak grids, can lead to dynamic interactions that comprise stability and limit the power transfer capacity of grid-connected inverters. To ensure stable operation of the inverters, researchers must determine the stability boundary, described as the maximum power transfer capacity of grid-connected inverters under the premise of maintaining system small-signal stability. For this purpose, we propose to formulate a state-space model of the system in the synchronously rotating dq-frame of reference and perform eigenvalue analysis to determine the stability boundary. With a detailed model of the control structure and parameters of the grid-connected inverters, the stability boundary is identified as a surface with respect to different grid strengths and R/X ratios. Case study results of proposed eigenvalue analysis are compared with those of admittance model-based stability analysis as well as time-domain simulation using a switching model in Matlab/Simulink, validating the effectiveness and accuracy of the proposed eigenvalue analysis for stability boundary identification.

grid-connected inverters↗
DOE OSTI2021

Towards a Robust Sampling Approach: A Computational Review and Design

As pointed out in several other works, the estimation of the reliability of the electrical grid can not be conducted without the estimation of the stochastic phenomena of electicity demand and electricity production by variable renewable sources. Therefore, sampling procedures have become integral in the design of engineering structures and analysis. Commonly referred to as Monte Carlo uncertainty analysis or integration, the general objective of these procedures is to establish specifics about the uncertainty of an output characteristic of such an engineering system, given uncertainty about its input characteristics. These sampling procedures are applied in a context in which establishing such specifics cannot be performed through other means. Variance-reduction techniques are designed to lessen the variability among estimators to estimate statistics of those output uncertainties. Importance-sampling techniques, on the other hand, are designed to reduce the number of samples needed to estimate a particular statistic—e.g., a tail probability. The combination of these approaches can reduce the computational burden considerably for a particular estimator and statistic. Importance sampling—geared and designed as it is toward improving a particular estimator—suffers, unfortunately, from the unintended consequence of reducing the performance of other estimators in terms of their variance. The objective of this paper is to offer an alternative sampling procedure where this variance does not grow unacceptably large for a suite of estimators. Moreover, it is anticipated that, with additional knowledge of how an engineering output characteristic responds to its input characteristics, tuning parameters of the input’s sampling procedure can be set to improve the output characteristic’s estimation. This work proves the effectiveness of the suggested alternative approach. Such positive outcome will lead to a decrease of the computational burden of performing stochastic optimization of integrated energy systems (e.g., components dispatch, and portfolio composition). In particular, capturing the contribution to the overall system cost of rare and unlikely events and patterns of the electricity demand and production will become less computationally expensive. This is due to the fact that the approach demonstrated here will allow the sampling of those rare occurrences more frequently without misrepresenting their probabilistic impacts.

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗
DOE OSTI2025

Modeling of Microgrid for Critical Data Center Applications

As part of continuing efforts to develop support, understanding, and infrastructure of data center integration onto the electric grid, our work aims to model and analyze the behavior of data center loads in a microgrid power system. Our model consists of renewable energy sources, batteries, and a nuclear reactor-steam Rankine cycle to power data center loads. The simulation studies investigate the electrical behavior of the microgrid system to assess its ability in supporting large data center electrical demands.

14 - SOLAR ENERGY↗
DOE OSTI2024

Representative Period Selection for Robust Capacity Expansion Planning in Low-carbon Grids

With the increasing urgency to decarbonize power systems, while mitigating extreme events, capacity expansion models can play a vital role in reliably planning the expansion of power systems and facilitating the integration of renewable energy sources. Optimizing capacity expansion generally involves selecting surrogate representative days from forecasts of load and the generation profiles of variable renewable energy resources. To properly select those representative days, we propose a novel input-based approach in combination with the k-means clustering algorithm that utilize three unique operational inputs: load shedding, renewable curtailment, and transmission congestion. The proposed method allows for more robust and cost-effective capacity planning. The method is validated using a capacity expansion model and a production cost model based on California Independent System Operator (CAISO)'s decarbonization goals, and results in reduced costs and drastically lower load shedding.

Anderson, Osten P.↗
DOE OSTI2024

Minimizing grid energy consumption in wastewater treatment plants: Towards green energy solutions, water sustainability, and cleaner environment

Wastewater treatment plants (WWTPs) consume significant amount of energy to sustain their operation. From this point, the current study aims to enhance the capacity of these facilities to meet their energy needs by integrating renewable energy sources. The study focused on the investigation of two primary solar energy systems in As Samra WWTP in Jordan. The first system combines parabolic trough collectors (PTCs) with thermal energy storage (TES). This system primarily serves to fulfill the thermal energy demands of the plant by reducing the demands from boiler units, which allows more biogas for electricity generation. The second system is a photovoltaic (PV) system with Lithium-Ion batteries, which directly produces electricity that will be used to cover part of the electrical energy demands of plant. To assess the optimal configuration, two distinct scenarios have been formulated and compared to the current case scenario (SC#1). The first scenario focuses on maximizing the net present value (NPV) and minimizing the levelized cost of electricity (LCOE). The second scenario is centred on minimizing the levelized cost of heat (LCOH). The findings indicate that both scenarios succeeded in reducing the reliance on the grid to a value that reach 1 %. Moreover, they both reduced biogas percentage in energy production from 88 % to approximately 65 % through the integration of the PV system. In terms of thermal demand, SC#2 reduced the reliance on biogas boiler units from 100 % to 25 %, while SC#3 achieved an even more impressive reduction to just 8 %. The best LCOE value was attained in SC#2, at 0.0895 USD/kWh, with an NPV of 10.54 million USD. Conversely, SC# 3 yielded an LCOH value of 0.0432 USD/kWh th compared to 0.0534 USD/kWh th USD for SC#2. In conclusion, despite their relatively high capital and operating costs, SC#2 and SC#3 managed to substantially decrease the annual electricity expenditure from approximately 2 million USD to 86,000 USD and 0 USD, respectively.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2020

Chapter Ten - Power, Buildings, and Other Critical Networks: Integrated Multisystem Operation

The electrifying transportation sector, the increasing grid interactivity of the built environment, the rapidly expanding number of devices within the Internet-of-Things, and the overall trend toward highly connected systems and interdependent networks is revolutionizing the operation of the electric power grid. While these changes are presenting grid operators with new challenges to ensure an efficient, reliable, and sustainable operation of the grid, they also enable a new suite of resources that can be utilized for assisting the grid in times of need. In this chapter, we explore how these recent changes and trends are affecting modern power systems and discuss the benefits and challenges of an increasingly electrified and interconnected world. We will observe how various critical infrastructure, that is, buildings, water and gas, transportation, and telecommunication networks are highly dependent on power network operations but, with improved coordination and control, can also provide valuable assets to the grid in times of need.

electricity markets↗
DOE OSTI2020

A comparison study on trading behavior and profit distribution in local energy transaction games

With the increasing integration of distributed energy resources, localized peer-to-peer energy transactions are receiving more attention since they could absorb more distributed renewables locally and stabilize the power grid. To better study the trading behavior and provide guidance for a viable local market design, different game-theoretical frameworks including cooperative and non-cooperative games are established and compared here. For the cooperative grand coalition, the maximum social welfare is guaranteed, the Shapley value and bargaining based approaches are implemented for further profit redistribution. It is shown that the asymmetrical bargaining power can be critical in the final payment clearing and it is equivalent to the Shapley value allocation if prosumers bargain based on their marginal contributions. Non-cooperative trading is formulated by using a Stackelberg bilevel model in which the upper level has the privilege in internal price setting. However, system optimum is not obtained due to competition, and the selfish leader could take away 89% of the collective benefit by price-gap based arbitraging. Aiming for a long-lasting trading market, a virtual benevolent leader and a uniform price structure in which purchase price equals selling price are tested. Experimental results indicate that maximum social welfare and a fairer profit allocation can be achieved with a uniform price structure, regardless of the selfish or benevolent attitude.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗