Research Article
The Design of Shared Energy Storage Trading Models
@INPROCEEDINGS{10.4108/eai.24-5-2024.2350158, author={Yimin Shen and Nvgui Lin and Ming Xu and Yuanzheng Xiao and Qinwu Liao}, title={The Design of Shared Energy Storage Trading Models}, proceedings={Proceedings of the 3rd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2024, May 24--26, 2024, Jinan, China}, publisher={EAI}, proceedings_a={MSEA}, year={2024}, month={10}, keywords={energy market; shared energy storage; trading models; continuous double auction}, doi={10.4108/eai.24-5-2024.2350158} }- Yimin Shen
Nvgui Lin
Ming Xu
Yuanzheng Xiao
Qinwu Liao
Year: 2024
The Design of Shared Energy Storage Trading Models
MSEA
EAI
DOI: 10.4108/eai.24-5-2024.2350158
Abstract
This study aims to enhance efficiency and credit risk management in the shared energy storage trading market. This paper designs three types of shared energy storage trading models including contract trading, auction trading, and spot trading. It innovatively proposes the “Price Priority, Credit Priority, Time Priority” trading rule, incorporating credit assessment into transaction matching to significantly reduce trading risks. Then, this paper introduces an improved Continuous Double Auction (ICDA) mechanism to meet the real-time trading needs of shared energy storage transaction. These findings enrich theoretical understanding and offer practical solutions, fostering sustainable energy market development and efficient resource allocation.