Sharing Economy in Energy Markets : Modeling, Analysis and Mechanism Design

<div>This book aims to incorporate an emerging successful business model, i.e., sharing economy, into energy markets, thus digging out the potential merits and applications in multi-energy sectors. With the core idea “access over ownership”, sharing economy enables the collaborative consumption of idle resources through advanced information and communications technology. One critical challenge is to identify different market participants’ occupation while accordingly designing pricing mechanisms. This book begins with an overview about the recent development of sharing economy in energy fields, and summarizes two energy market-related issues that sharing economy can hopefully address. One is how to quantify a marginal generator’s contribution and thereby elicit truthful bidding under information asymmetry condition. The other is how to distinguish renewable and distributed energy resources’ contribution and thus incentivize efficient aggregation considering increasing scale and uncertainty. Then sharing economy mechanisms are proposed and designed from a game theory perspective. On this basis, the following chapters thoroughly investigate the specific problems in spot markets, multi-area markets, renewable energy aggregation and energy systems integration. Additionally, the benefits brought by sharing economy are evaluated in terms of regional market bidding and transmission expansion deferral. Finally, the information and communications technologies related to sharing economy are modeled and analyzed. Hopefully, this book can greatly benefit the readers who are interested in energy economics and engineering.</div><div><br></div><p></p>

<p>Jianxiao Wang</p><p>Assistant Professor in School of Electrical and Electronic Engineering at North China Electric Power University</p><p>Project Manager in Ministry of Science and Technology of China</p><p>IEEE Member</p><p>Standing Director and Secretary of IEEE PES China Conference Committee</p><p>Standing Director of IEEE PES China Power Market Subcommittee</p><p>Associate Editor of IET Renewable Power Generation</p><p>Associate Editor of IET Energy Conversion and Economics</p><p>Guest Editor of IEEE Transactions on Industry Applications</p><p>Member of Youth Committee of China Electrotechnical Society</p><p>Member of Chinese Society for Electrical Engineering</p><p>Member of China Energy Research Society</p><p>Member of IEEE Smart Buildings, Loads and Customer Systems Committee</p><p>Member of IEEE Working Group on IoT Technologies for Distributed Resources in a Clean Energy System</p><p>Research interests: Electricity Market and Mechanism Design, Hydrogen Supply Chain, Energy Storage, Renewable-powered Smart Grid and Data Analytics.</p><p>Multi-Energy and Cyber Physical System Planning, Data Analytics for Smart Grid</p><p>&nbsp;</p><p>Haiwang Zhong</p><p>Associate Professor in Department of Electrical Engineering at Tsinghua University</p><p>IEEE Senior Member</p><p>Editor of International Transactions on Electrical Energy Systems</p><p>Subject Editor of Journal of Modern Power System and Clean Energy</p><p>Editor of CSEE Journal of Power and Energy Systems</p><p>Co-Chair of IEEE Working Group on Demand Response</p><p>Secretary of IEEE Smart Buildings, Loads and Customer Systems Committee, Architecture Subcommittee</p><p>Secretary of CIGRE D2.53 Working Group on Technology and Application of Internet of Things in Power Systems</p><p>Research interests: Energy Internet, Smart Grid, Electricity Market, Power System Operations, Demand Response, Renewable Energy</p><p>&nbsp;</p><p>Qing Xia</p><p>Professor in Department of Electrical Engineering at Tsinghua University</p><p>IEEE Senior Member</p><p>Senior Member of Chinese Society for Electrical Engineering</p><p>Director of Energy Internet Research Institute of Tsinghua University</p><p>Consulting Expert on Electric Power Industry Reform of National Development and Reform Commission</p><p>Consulting Expert on Energy Resource Planning of National Energy Administration</p><p>Director of China Energy Research Society</p><p>Director of Chinese Society for Electrical Engineering</p><p>Editor of Automation of Electric Power Systems</p><p>Research interests: Power Economics and Electricity market, Power System Load Forecasting, Power System Economic Operation, Generation & Transmission Expansion Planning, Optimization Application in Power Systems</p><p><br></p><p>Gengyin Li</p><p>Professor in School of Electrical and Electronic Engineering at North China Electric Power University</p><p>IEEE Member</p><p>Senior Member of Chinese Society for Electrical Engineering</p><p>Director of Beijing Energy and Power Information Security Engineering Technology Research Center</p><p>Research interests: Power System Analysis and Control, HVDC Transmission, Power Quality, Power System Economics and Emerging Transmission and Distribution Technologies</p><p><br></p><p>Ming Zhou</p><p>Professor in School of Electrical and Electronic Engineering at North China Electric Power University</p><p>IEEE Senior Member</p><p>Director of Power System Research Institute at North China Electric Power University</p><p>Research interests: Renewables Power System Planning and Operation, Power System Economics, Energy Storage</p><div><br></div><p></p><p></p>