Journal
IEEE TRANSACTIONS ON SMART GRID
Volume 12, Issue 5, Pages 4403-4414Publisher
IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
DOI: 10.1109/TSG.2021.3088309
Keywords
Peer-to-peer computing; Games; Tools; Energy exchange; Distribution networks; Blockchain; Voltage control; Distribution market; distributional locational marginal pricing; double auction; energy exchange; peer-to-peer market
Categories
Funding
- UCF Siemens Digital Grid Lab [TSG-01516-2020]
Ask authors/readers for more resources
This paper develops a framework for P2P energy exchange in active distribution networks using a multi-round double auction (MRDA) with average pricing mechanism (APM) integrated with distributional locational marginal price. The advantages of the proposed framework include: integration of voltage regulation, congestion, and power loss costs into agent payments; clustering of the network into zones for more efficient transactions; and a matching algorithm to encourage more participants and increase efficiency in P2P energy sharing. Validation of the MRDA-APM framework is done on distribution test systems, demonstrating effectiveness from technical and computational perspectives.
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.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available