A novel energy-reliability market framework for participation of microgrids in transactive energy system

Smart transactive energy based approach for planning and scheduling in multi-looped microgrid distribution network across planning horizon

“…For optimization, one of the adaptive heuristic search algorithms named Genetic Algorithm (GA) is used [ 25 ]. The GA is constructed on natural selection and genetics.…”

“…A reputation index based framework on long-term TE history has proposed in Ref. [ 25 ] that enforces energy suppliers to honor their generation commitments and prevents them from greedy behavior in the market. A quadratically constrained programing based programming based planning framework is proposed for profit on investments by determining the installation year of new distribution feeders and energy resources, distributed energy resource (DER) placements and sizes considered by corresponding DSOs.…”

“…However, despite the work done so far in transactive field, there are some gaps where the performance of the electrical system where transactive energy being implemented has to be done [ [7] , [8] , [9] , [10] , [11] , [12] , [13] , [14] , [15] , [16] , [17] , [18] , [19] , [20] , [21] , [22] , [23] , [24] , [25] , [26] ]. The effect of creating an electrical market for the introduction of transactive energy on system performance considering the consumers and sellers on the voltage profile and system power losses needs to addressed.…”

Decentralized transactive energy management of multi-microgrid distribution systems based on ADMM

“…Recently, transactive energy (TE) concept is introduced to develop energy management schemes to be implemented in multi-agent systems [16]- [17]. TE facilitates the participation of DERs and prosumers in local electricity markets using a set of economic-based mechanisms [18].…”

Centralized Blockchain-Based Energy Trading Platform for Interconnected Microgrids

“…Energy management strategies for IMGs can be categorized into two main schemes: centralized and decentralized. In centralized management, information flows from each MG to a central decision-maker (e.g., Distributed System Operator [DSO]) [6]- [9]. The DSO then distributes settlements and commitments to the MGs.…”