A network-secure peer-to-peer trading framework for electricity-carbon integrated market among local prosumers

The emergence of prosumers with considerable renewables promotes the lower-carbon operation of distribution network. However, prosumers' flexible roles also bring new challenges to establish a fairness distribution-level transactive market and ensure the security in distribution network. To address this issue, this paper presents a network-secure peer-to-peer (P2P) market with two-stage framework. In the first stage, a multi leaders multi followers (MLMF) Stackelberg game is utilized to establish the P2P electricity-carbon integrated market, which considers stakeholders' changeable roles between producer and consumer in the energy and carbon allowance transaction. The existence and uniqueness of the market equilibrium are also verified. In the second stage, network reconfiguration is taken into consideration to support the transactive results and avoid the restriction on node injected power to the largest extent. Numerical results show that the established P2P electricity-carbon integrated market can reduce carbon emissions by over 6% without harming prosumers' total revenues.

Automated summary

This paper proposes a two-stage framework of a network-secure peer-to-peer (P2P) market to address the new challenges of establishing a fairness distribution-level transactive market and ensuring security in the distribution network. The first stage employs a multi leaders multi followers (MLMF) Stackelberg game to establish a P2P electricity-carbon integrated market, considering stakeholders' changing roles between producer and consumer in energy and carbon allowance transactions. The second stage considers network reconfiguration to support transactive results and minimize restrictions on node injected power. Numerical results show that the established P2P electricity-carbon integrated market can reduce carbon emissions by over 6% without harming prosumers' total revenues.