A Novel Scheme for P2P Energy Trading Considering Energy Congestion in Microgrid

Ehjaz, Muhammad; Iqbal, Muhammad; Zaidi, Syed Sajjad Haider; Khan, Bilal

doi:10.1109/access.2021.3124792

Cited by 10 publications

(4 citation statements)

References 47 publications

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“…and the proposed algorithm considers the privacy of prosumers and can be scalable to large systems. Further research on the modelling of P2P energy trading among smart homes is presented in [83,84]. Table 2 presents a comparison between the level-2 reviewed literature works according to the formulation of the objective function, consideration of risk measures in the objective function, the type of market in which the transactive agent (smart buildings) participated, trading with peers or with the grid, and the modelling of uncertain parameters such as price, load, and uncontrollable DG generation.…”

Section: • Electricity From Aggregatorsmentioning

confidence: 99%

Transactive energy management systems: Mathematical models and formulations

Thangavelu

2023

Energy Conversion and Econom

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Restructuring the power system with higher penetration of distributed energy resources (DERs) and intelligent devices offers the potential for more efficient, reliable, and better resource utilisation of power systems through the transactive energy framework (TEF). This article provides a general overview of the mathematical models and formulations of the TEF reported in the literature. TEF concepts can be applied to various levels of the power system. Here, the TEF-related literature is divided into individual DER-, building-, microgrid-, and macrogrid-level TEF. The mathematical models of transactive agents corresponding to each level and power system network models are presented. Furthermore, TEF models for energy management and trading of integrated multi-energy systems are analysed. Finally, the potential challenges and future research directions for transactive energy are discussed.

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Section: • Electricity From Aggregatorsmentioning

confidence: 99%

Transactive energy management systems: Mathematical models and formulations

Thangavelu

2023

Energy Conversion and Econom

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“…An algorithm is developed to solve optimization problem considering various input parameters of prosumers community. The research work is an extension of P2P energy trading mechanism in microgrid, presented in [40]. Proposed MMN algorithm creates contracts among MGs, manages power transactions among MGs, monitors power transactions from/to main grid to/from MMN, calculates penalties upon violations of contracts, calculates energy cost for each microgrid.…”

Section: Solution Scheme For P2p Energy Trading In Mmnmentioning

confidence: 99%

Design and implementation of a peer-to-peer energy trading scheme in multi-microgrid network with photovoltaics and wind energy

Ehjaz

IQBAL

Zaidi

et al. 2023

Journal of Energy Systems

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Expected widespread deployment of Peer-to-Peer energy transactions through affective utilization of Renewable Energy Sources require efficient energy transaction mechanism among the microgrids. We propose a scheme to establish peer-to-peer energy trading in multi-microgrid network by considering photovoltaic and wind energy systems. The research objectives are to minimize overall cost of all microgrids in multi-microgrid network and minimize the loading on centralized power network. Various parameters of photovoltaics and wind energy systems are modeled to explore their impact on P2P energy trading. Energy Management Unit establishes the smart contracts among microgrids, manages power transactions and calculates the cost based on dynamic pricing scheme in the multi-microgrid network. Two different cases are considered with respect to the types of power transaction among the microgrids in the multi-microgrid network and main grid. The effectiveness of the proposed scheme is validated by implementing on local small-scale power distribution system.

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“…The coordinated interaction between the medium-to-long-term market and the spot market, as well as the coordinated interaction between the single-energy market and the multi-energy coupled market, are the main aspects involved in the multi-energy coupled energy trading process. Various types of energy markets comprehensively evaluate network congestion levels [17] and market maturity, and based on supply demand conditions, develop a series of financial products derived from energy trading, such as financial transmission rights [18,19], green certificates [20], carbon credits [21], and other products. In terms of complementary solution for multi-energy coupling, Ashwani Kumar et al [22] constructed an energy hub model, while Xu, Y et al [23] developed a comprehensive energy system model, approaching the coupling relationship between energy sources from different perspectives and transforming them into quantitative mathematical models.…”

Section: Introductionmentioning

confidence: 99%

A Multi-Agent Integrated Energy Trading Strategy Based on Carbon Emission/Green Certificate Equivalence Interaction

Tian,

Huang,

Wang

et al. 2023

Sustainability

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To meet the demand for constructing a market mechanism that adapts to the integrated energy system and promotes market-oriented reforms in the energy sector, in-depth research on integrated energy trading strategies is required. This study focused on the integrated energy trading problem and clarify the relationships among participants in the integrated energy market. A regional integrated energy system model was established that enables trading of electricity, gas, heat, and cold, and propose a integrated energy trading strategy based on the carbon emissions/green certificate equivalence interaction. Firstly, the trading process of carbon emissions and green certificates, the underlying representation of green attributes, and market transaction prices are analyzed. Combining with a tiered carbon trading system that includes rewards and penalties, a carbon emissions/green certificate equivalence interaction mechanism is constructed. Secondly, the paper utilized the flexible characteristics of loads within the industrial park to establish a integrated energy demand response model for electricity, heat, and cold. Finally, with the objective of minimizing regional operating costs, a integrated energy trading model considering the carbon emissions/green certificate equivalence interaction mechanism was developed. In the simulation, the operating cost of the system is reduced by 4%, and the carbon emission is reduced by 11.4%, which verifies the effectiveness of the model.

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A Novel Scheme for P2P Energy Trading Considering Energy Congestion in Microgrid

Cited by 10 publications

References 47 publications

Transactive energy management systems: Mathematical models and formulations

Transactive energy management systems: Mathematical models and formulations

Design and implementation of a peer-to-peer energy trading scheme in multi-microgrid network with photovoltaics and wind energy

A Multi-Agent Integrated Energy Trading Strategy Based on Carbon Emission/Green Certificate Equivalence Interaction

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