“Energy Red Packet” Incentive-based Bidding Mechanism and Its Benefit Sharing in the Transactive Energy Market

In order to accommodate redundant renewable energy during load valley periods within an industrial park, this paper proposes the “energy red packet” incentive-based bidding mechanism to strategically motivate industrial electric power and heat consumers to get demand response autonomously. A benefit sharing mechanism is designed based on the Shapley value method to give participants bonuses regarding their contribution to the system cost savings within the industrial park. A realistic case in China is studied to verify that the proposed mechanisms are able to utilize resources most efficiently and give the DR participants their bonuses allocated in a fair manner.