Multi-level Coordinated Energy Management for Energy Hub in Hybrid Markets with Distributionally Robust Scheduling
Jiaxin Cao, Bo Yang, Shanying Zhu, Chi Yung Chung, Xinping Guan

TL;DR
This paper proposes a multi-level, distributionally robust energy management framework for energy hubs in hybrid markets, effectively balancing cost, robustness, and emissions amid uncertainties.
Contribution
It introduces a novel two-stage chance-constrained model with distributional robustness for coordinated energy management under uncertainty.
Findings
Reduces carbon emissions by 37%
Decreases energy costs by 3%
Enhances robustness against uncertain market conditions
Abstract
Maintaining energy balance and economical operation is significant for multi-energy systems such as the energy hub. However, it is usually challenged by the frequently changing and unpredictable uncertainties at different timescales. Under this scope, this paper investigates the coordinated energy management problem for day-ahead and intra-day conditions considering uncertainties of source-load and market prices concurrently. Note that the precise knowledge of distributions about uncertainties may be unaccessible before the decision-making in day-ahead phase. A two-stage chance-constrained model based on distributionally robust approach with ambiguous moment information is proposed to immunize scheduling strategies against the worst-case probability distributions. The first stage is dedicated to obtaining more energy arbitrage and operation flexibility by optimizing bidding strategies…
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