Peer-to-peer (P2P) energy trading is a promising energy trading mechanism due to the deployment of distributed energy resources in recent years. Trading energy between prosumers and consumers in the local energy market is undergoing massive research and development, paying significant attention to the business model of the energy market. In this paper, an extensive review was conducted on the current research in P2P energy trading to understand the business layer of the energy market concerning business model dimensions: bidding strategies and the market-clearing approach. Different types of game theoretical-based and auction-based market-clearing mechanisms are investigated, including a detailed classification of auctions. This study considers the possibility of employing the P2P technique in developing countries and reviewing existing business models and trading policies. The business layer of the P2P structure plays a vital role in developing an effective trading mechanism based on interactive energy markets.

Measuring resiliency of smart grid systems is one of the vital topics towards maintaining a reliable and efficient operation under attacks. This paper introduces a set of factors that are utilized for resiliency quantification of microgrid (MG) systems. The level of resilience (LoR) measure is determined by examining the voltage sag percentage, the level of performance reduction (LoPR) as measured by percentage of reduction of load served, recovery time (RT), which is the time system takes to detect and recover from an attack/fault, and the time to reach Power Balance state (Tb) during the islanded mode. As an illustrative example, a comparison based on the resiliency level is presented for two topologies of MGs under an attack scenario.

Microgrid (MG) systems effectively integrate a generation mix of solar, wind, and other renewable energy resources. The intermittent nature of renewable resources and the unpredictable weather conditions contribute largely to the unreliability of microgrid real-time operation. This paper investigates the behavior of microgrid for different intermittent scenarios of photovoltaic generation in real-time. Reactive power coordination control and load shedding mechanisms are used for reliable operation and are implemented using OPAL-RT simulator integrated with Matlab. In an islanded MG, load shedding can be an effective mechanism to maintain generation-load balance. The microgrid of the German Jordanian University (GJU) is used for illustration. The results show that reactive power coordination control not only stabilizes the MG operation in real-time but also reduces power losses on transmission lines. The results also show that the power losses at some substations are reduced by a range of 6%-9.8%.

Microgrid systems are built to integrate a generation mix of solar and wind renewable energy resources that are generally intermittent in nature. This paper presents a novel decentralized multi-agent system to securely operate microgrids in real-time while maintaining generation, load balance. Agents provide a normal operation in a grid-connected mode and a contingency operation in an islanded mode for fault handling. Fault handling is especially critical in microgrid operation to simulate possible contingencies and microgrid outages in a real-world scenario. A robust agent design has been implemented using MATLAB-Simulink and Java Agent Development Framework technologies to simulate microgrids with load management and distributed generators control. The microgrid of the German Jordanian University has been used for simulation for Summer and Winter photovoltaic generation and load profiles. The results show agent capabilities to operate microgrid in real-time and its ability to coordinate and adjust generation and load. In a simulated fault incident, agents coordinate and adjust to a normal operation in 0.012 seconds, a negligible time for microgrid restoration. This clearly shows that the multi-agent system is a viable solution to operate MG in real-time.

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