Daily rolling estimation of carbon emission cost of coal-fired units considering long-cycle interactive operation simulation of carbon-electricity market

The high overlap of participants in the carbon emissions trading and electricity markets couples the operations of the two markets.The carbon emission cost(CEC)of coal-fired units becomes part of the power generation cost through market coupling.The accuracy of CEC calculation affects the clearing capacity of coal-fired units in the electric power market.Study of carbon–electricity market interaction and CEC calculations is still in its initial stages.This study analyzes the impact of carbon emissions trading and compliance on the operation of the electric power market and defines the cost transmission mode between the carbon emissions trading and electric power markets.A long-period interactive operation simulation mechanism for the carbon–electricity market is established,and operation and trading models of the carbon emissions trading market and electric power market are established.A daily rolling estimation method for the CEC of coal-fired units is proposed,along with the CEC per unit electric quantity of the coal-fired units.The feasibility and effectiveness of the proposed method are verified through an example simulation,and the factors influencing the CEC are analyzed.

Model of Simulation for Optimizing Marketing Mix Through Conjoint Analysis Case Study： Launching a Product on a New Market

This paper applies conjoint analysis approach to simulate and determine the optimal marketing mix for a Romanian company that struggles to face the market higher competition. The company intends to launch its product into a new market and surveys the likelihood of getting international. The survey helps the company to gather information from clients regarding product characteristics, price, method of distribution, and promotion, according to customer preferences. Having these data, it is made a marketing simulation using conjoint analysis in order to get the optimal marketing mix in launching the product on a new market. The optimal marketing mix is given by the highest mix of utility for the clients, but sometimes the marketing manager would choose a little bit lower utility mix, forced by the company restrictions.

Agent-Based Simulation for Interconnection-Scale Renewable Integration and Demand Response Studies

This paper collects and synthesizes the technical requirements, implementation, and validation methods for quasi-steady agent-based simulations of interconnectionscale models with particular attention to the integration of renewable generation and controllable loads. Approaches for modeling aggregated controllable loads are presented and placed in the same control and economic modeling framework as generation resources for interconnection planning studies. Model performance is examined with system parameters that are typical for an interconnection approximately the size of the Western Electricity Coordinating Council(WECC) and a control area about 1/100 the size of the system. These results are used to demonstrate and validate the methods presented.

Optimal allocation method of energy storage for integrated renewable generation plants based on power market simulation

This study designs and proposes a method for evaluating the configuration of energy storage for integrated re-newable generation plants in the power spot market,which adopts a two-level optimization model of“system simulation+plant optimization”.The first step is“system simulation”which is using the power market simu-lation model to obtain the initial nodal marginal price and curtailment of the integrated renewable generation plant.The second step is“plant optimization”which is using the operation optimization model of the integrated renewable generation plant to optimize the charge-discharge operation of energy storage.In the third step,“sys-tem simulation”is conducted again,and the combined power of renewable and energy storage inside the plant is brought into the system model and simulated again for 8,760 h of power market year-round to quantify and compare the power generation and revenue of the integrated renewable generation plant after applying energy storage.In the case analysis of the provincial power spot market,an empirical analysis of a 1 GW wind-solar-storage integrated generation plant was conducted.The results show that the economic benefit of energy storage is approximately proportional to its capacity and that there is a slowdown in the growth of economic benefits when the capacity is too large.In the case that the investment benefit of energy storage only considers the in-come of electric energy-related incomes and does not consider the income of capacity mechanism and auxiliary services,the income of energy storage cannot fulfill the economic requirements of energy storage investment.

An intelligent market making strategy in algorithmic trading

Market making （MM） strategies have played an important role in the electronic stock market. However, the MM strategies without any forecasting power are not safe while trading. In this paper, we design and implement a twotier framework, which includes a trading signal generator based on a supervised learning approach and an event-driven MM strategy. The proposed generator incorporates the information within order book microstructure and market news to provide directional predictions. The MM strategy in the second tier trades on the signals and prevents itself from profit loss led by market trending. Using half a year price tick data from Tokyo Stock Exchange （TSE） and Shanghai Stock Exchange （SSE）, and corresponding Thomson Reuters news of the same time period, we conduct the back-testing and simulation on an industrial near-to-reality simulator. From the empirical results, we find that 1） strategies with signals perform better than strategies without any signal in terms of average daily profit and loss （PnL） and sharpe ratio （SR）, and 2） correct predictions do help MM strategies readjust their quoting along with market trending, which avoids the strategies triggering stop loss procedure that further realizes the paper loss.