Day-Ahead Power Pricing Approach for Regional Consolidated Power Systems Including Power Cascade Utilization

Abstract

The conventional energy system (ES) is characterized by excessive energy usage and elevated emissions. The
Regional Consolidated Power Systems (RCPS) can meet diverse energy needs and attain clean, effective energy use
via the connectivity of several ESs and variable energy transformation. The link between demand and supply for RCPS
is intricate. RCPS struggles to optimize economic and effective operations without a rational energy supply
framework. The multi-energy trade and service mechanisms remain ambiguous. The advancement of RCPS presents
difficulties and opportunities within the energy industry. This research proposes a day-ahead energy trading approach
for RCPS that incorporates Energy Cascade (EC) usage to resolve the promotion concerns associated with RCPS. The
system categorizes the energy grades (EG) of manufacturing, transformation, and storage equipment while delineating
the EG requirements of various energy demands. The energy-cascading efficiency trading system is simulated using
empirical data. The simulation findings indicate that the trading plan is viable, and using the EC utilization method
can enhance the effectiveness of electrical power utilization RCPS.