2023
DOI: 10.1155/2023/3979662
|View full text |Cite
|
Sign up to set email alerts
|

Novel Architecture for Transactive Energy Management Systems with Various Market Clearing Strategies

Abstract: The recent advancements in demand-side management techniques add significant benefits to the distribution systems. One such technique is transactive energy management systems (TEMS) which motivate the energy end-users to take part in local energy trading. The end-users can effectively increase the monetary benefits by trading the surplus generation/demand within the local energy market (LEM). The LEM operator frames a viable market clearing strategy to fix the market clearing price to enhance the monetary bene… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1

Citation Types

0
3
0

Year Published

2023
2023
2024
2024

Publication Types

Select...
2
2

Relationship

1
3

Authors

Journals

citations
Cited by 4 publications
(3 citation statements)
references
References 35 publications
0
3
0
Order By: Relevance
“…Furthermore, Bokkisam et al introduced a periodic iterative double auction strategy with demand response in the transactive pooled market [25]. In a recent study, Arun et al emphasized strategies focused on the supply-to-demand ratio to enhance market liquidity for residential-based TES [26]. However, concerns arose regarding the uncertainty and default behavior associated with energy sharing, potentially undermining the energy market [27].…”
Section: B Relevant Literature Reviewmentioning
confidence: 99%
See 2 more Smart Citations
“…Furthermore, Bokkisam et al introduced a periodic iterative double auction strategy with demand response in the transactive pooled market [25]. In a recent study, Arun et al emphasized strategies focused on the supply-to-demand ratio to enhance market liquidity for residential-based TES [26]. However, concerns arose regarding the uncertainty and default behavior associated with energy sharing, potentially undermining the energy market [27].…”
Section: B Relevant Literature Reviewmentioning
confidence: 99%
“…In the proposed LTES, the notations CCS n i,b and CCS n j,s are taken as Calculated Credit Score (CCS) for buyer i and seller j during trading interval n, respectively. The CCS for any trading interval n can be mathematically computed with due consideration to the previous interval CCS and present interval credit points as shown in ( 25) and (26).…”
Section: E Computing Participants' Credit Ratingmentioning
confidence: 99%
See 1 more Smart Citation