Journal ArticleDOI
Multi-Round Double Auction-Enabled Peer-to-Peer Energy Exchange in Active Distribution Networks
Hamed Haggi,Wei Sun +1 more
TLDR
The framework of P2P energy exchange in active distribution networks is developed using a multi-round double auction (MRDA) with average pricing mechanism (APM) integrated with distributional locational marginal price and validated by testing on the 33-node and 141-node distribution test systems.Abstract:
Distributed energy resources, together with information and communication technologies, have transformed the traditional electricity consumers into proactive consumers, namely prosumers. Prosumers can exchange their surplus energy with consumers through peer-to-peer (P2P) energy sharing. In this paper, the framework of P2P energy exchange in active distribution networks is developed using a multi-round double auction (MRDA) with average pricing mechanism (APM) integrated with distributional locational marginal price. The advantages of the proposed P2P framework include, 1) modeling and integration of the costs of voltage regulation, congestion, and power loss into the payments of agents for each transaction; 2) the entire distribution network clustered into multiple zones with transactions cleared at different levels, which decreases the additional costs for successful transactions, reduces the computational time, and increases the number of successful transactions; and 3) the matching algorithm encourages more prosumers and consumers to participate in P2P energy sharing and increases the efficiency and benefit from P2P market. The proposed MRDA-APM framework is validated by testing on the 33-node and 141-node distribution test systems. Simulation results demonstrate the effectiveness of the proposed mechanism for P2P energy exchange from both technical and computational viewpoints.read more
Citations
More filters
Journal ArticleDOI
A peer-to-peer energy trading market embedded with residential shared energy storage units
TL;DR: In this article , a peer-to-peer energy trading market mechanism with shared energy storage units is proposed, in which a non-cooperative game among P2P market participants is presented.
Journal ArticleDOI
Hierarchical approach for coordinating energy and flexibility trading in local energy markets
TL;DR: A hierarchical approach for local energy and flexibility trading among prosumers in distribution networks is proposed, in which prosumers are able to trade energy via P2P manner and transact flexibility in the local energy market to maintain distribution network constraints.
Journal ArticleDOI
Sustainable Solutions for Advanced Energy Management System of Campus Microgrids: Model Opportunities and Future Challenges
Hafiz Abd ul Muqeet,H Javed,Muhammad Naveed Akhter,M. Ahsan Shahzad,Hafiz Mudassir Munir,Muhammad Usama Nadeem,Syed Sabir Hussain Bukhari,Mikulas Huba +7 more
TL;DR: A comprehensive review of the energy management system of campus microgrids is presented in this paper , where the existing literature review of different objective functions, renewable energy resources and solution tools are also reviewed.
Journal ArticleDOI
Recent Trends, Challenges, and Future Aspects of P2P Energy Trading Platforms in Electrical-Based Networks Considering Blockchain Technology: A Roadmap Toward Environmental Sustainability
H Javed,Muhammad Irfan,Moazzam Shehzad,Hafiz Abdul Muqeet,Jumshed Akhter,Vishal Dagar,Josep M. Guerrero +6 more
TL;DR: In this article , a thorough examination of peer-to-peer studies of energy trade literature is presented, where the essential characteristics of P2P energy trading and comparatively analyzed with multiple advantages for the utility grid and individual prosumers.
Journal ArticleDOI
Peer-to-peer kilowatt and negawatt trading: A review of challenges and recent advances in distribution networks
TL;DR: In this article , the authors present an up-to-date literature review in regard to the reliable application of P2P kilowatt and negawatt trading in distribution networks.
References
More filters
Journal ArticleDOI
MATPOWER: Steady-State Operations, Planning, and Analysis Tools for Power Systems Research and Education
TL;DR: The details of the network modeling and problem formulations used by MATPOWER, including its extensible OPF architecture, are presented, which are used internally to implement several extensions to the standard OPF problem, including piece-wise linear cost functions, dispatchable loads, generator capability curves, and branch angle difference limits.
Journal ArticleDOI
Network reconfiguration in distribution systems for loss reduction and load balancing
Mesut E. Baran,Felix F. Wu +1 more
TL;DR: Accuracy analysis and the test results show that estimation methods can be used in searches to reconfigure a given system even if the system is not well compensated and reconfiguring involves load transfer between different substations.
Journal ArticleDOI
Enabling Localized Peer-to-Peer Electricity Trading Among Plug-in Hybrid Electric Vehicles Using Consortium Blockchains
TL;DR: Numerical results indicate that the double auction mechanism can achieve social welfare maximization while protecting privacy of the PHEVs and security analysis shows that the proposed PETCON improves transaction security and privacy protection.
Journal ArticleDOI
Consortium Blockchain for Secure Energy Trading in Industrial Internet of Things
TL;DR: This work exploits the consortium blockchain technology to propose a secure energy trading system named energy blockchain, which can be widely used in general scenarios of P2P energy trading getting rid of a trusted intermediary and a credit-based payment scheme to support fast and frequent energy trading.
Journal ArticleDOI
Peer-to-peer and community-based markets: A comprehensive review
TL;DR: An overview of these new P2P electricity markets that starts with the motivation, challenges, market designs moving to the potential future developments in this field is contributed, providing recommendations while considering a test-case.
Related Papers (5)
Coordinated Market Design for Peer-to-Peer Energy Trade and Ancillary Services in Distribution Grids
Peer-to-Peer Energy Trading in Transactive Markets Considering Physical Network Constraints
Habib Ullah,Jae-Do Park +1 more