Profitable Energy Transaction in a Smart Distribution Network Through Transactive Energy Systems

Abstract

To successfully balance supply and demand across electrical distribution networks in a dispersed way, the concept of a peer-to-peer energy market has been introduced under transactive energy systems (TES). The TES allows the end user to exchange energy with other neighboring end users. Trading energy between exporters who have excess generation and importers who have unmet demand through the local energy market is undergoing extensive study and development, with a strong emphasis on the energy market's business model. In this chapter, a detailed evaluation of existing research in TES energy trading was undertaken. This study investigates the feasibility of using the TES technology in developing nations, as well as an assessment of existing business structures and trading rules.