A Robust Decentralized Peer-to-Peer Energy Trading in Community of Flexible Microgrids

This article proposes a novel platform for microgrid (MG) prosumers that can actively trade energy with the power grid and each other directly. This platform provides Peer-to-Peer (P2P) energy trading among MG prosumers to achieve a win-win outcome in the presence of emerging energy resources, such as electric vehicles (EVs), energy storage systems (ESSs), and demand response programs (DRPs). P2P energy trading, from the power system perspective, can facilitate energy balance locally and self-sufficiency. Despite the conventional noncooperative game that players act individually, prosumers can cooperate in exchanging energy and reaping economic benefits in the proposed model. To this end, a bargaining cooperative game is adopted due to MGs autonomy and self-interest. Besides, to avoid prosumers' private data launching, the fast-alternating direction method of multipliers is introduced to solve MGs' energy management problem in a decentralized manner. A robust optimization method is also applied to manage electricity market uncertainty, allowing MGs operators to decide how much risk they want to consider by adjusting the uncertainty budget parameter. The numerical results show that MGs can actively trade with each other and achieve economic benefits. Moreover, many of the utilized technologies such as ESS, DRP, and EVs assist MGs in sharing more energy with each other.

Automated summary

This article proposes a novel platform for MG prosumers to actively trade energy with each other directly. P2P energy trading is introduced to achieve a win-win outcome and facilitate energy balance locally. The numerical results show that prosumers can actively trade with each other and achieve economic benefits.