Prosumer Participation in a Transactive Energy Marketplace: A Game-Theoretic Approach

Rao, B. Hanumantha; P, Selvan M.

doi:10.1109/iprecon49514.2020.9315274

Cited by 8 publications

(5 citation statements)

References 14 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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“…For variant (1), it was assumed that the planning of load using the day-ahead forecast was possible.…”

Section: (In Parentheses) Monthly Energy Values Permentioning

confidence: 99%

“…A considerable share of PVSs falls on local objects (LO) for various purposes, where hybrid solar power plants with connection to the alternating current distribution grid (DG) are used. This corresponds to the current trend of localizing consumption at the generation site [1]. The issue of localization of the consumption of energy, generated by PV, can be solved when using a PVS to increase the load power of the LO above the limit on consumption from the grid.…”

Section: Introductionmentioning

confidence: 99%

Use of Hybrid Photovoltaic Systems with a Storage Battery for the Remote Objects of Railway Transport Infrastructure

et al. 2022

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The use of a grid-tied photovoltaic system with a storage battery to increase the power of objects of railway transport infrastructure above the limit on consumption from the grid with the possibility of energy saving is considered. The methods of analysis of energy processes in photovoltaic systems with a storage battery are used. They are added via the processing of archival data of power generation of a photovoltaic battery and computer modeling results. A technique of system parameter calculation to increase the power according to the given load schedule of the object at constant and maximum possible degree of power increasing is developed. The values of the average monthly generation of a photovoltaic battery at the location point of the object based on archival data are used. The principle of the control of power, consumed from the grid, according to the given values of the added and total load is developed. Using the basic schedule of added load power in connection with the graph of photovoltaic battery generation allows reducing the installed power of the storage battery. The additional reduction in the installed power of the photovoltaic and storage batteries is possible at the corresponding choice of the degree of power load increasing. The joint formation of current schedules with reference to the added power value and state of charge of the battery according to the short-term forecast of the generation of a photovoltaic battery is proposed. The value of added power at certain intervals of time is set according to the graph of actual generation of the photovoltaic battery, which contributes to the maximum use of its energy. With the average monthly generation of a photovoltaic battery in the spring–autumn period, the discharge of the battery during the hours of the morning load peak is not used. This reduces the number of deep discharge cycles and extends the battery life. The description of energy processes in steady-state conditions for the daily cycle of system functioning is formalized. On this basis, a mathematical model is developed in MATLAB with an estimation of the costs of electricity consumed from the grid. When modeling, archival data are used for days when the generation of a photovoltaic battery over time intervals is close to average monthly values. This makes it possible to evaluate the effectiveness of system management under conditions close to real during the year.

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“…TE technology provides new ways for energy management in MGs by designing a local transactive market. TE market can be designed inside an MG where prosumers of the MG can transact their energy to balance demand and supply 31 . In case of shortage/excess of power from TE market settlement, the TE market operator can exchange power with the main grid, as shown by the bold line connection of individual MG with the main grid/DSO in Figure 3.…”

Section: Transactive Energy Management For Microgridsmentioning

confidence: 99%

Transactive energy management for microgrids considering techno‐economic perspectives of utility – a review

Kumar

Jain

Sharma

2022

Intl J of Energy Research

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In a power system, distributed energy resources, including renewables, are advantageous for reducing power transmission losses and environmental pollution. However, increasing penetration of distributed renewable energy sources is challenging as they may pose security issues to the grid and centralized control of quantum number of such sources is quite impossible. Microgrid based distribution system is facilitating integration of distributed renewable energy sources as they can supply the local loads and reduce burden on the grid. Moreover, distributed control mechanism of different microgrids enhances the functioning efficiency of the grid. However, intermittent and uncertain nature of renewables leads into demand-supply imbalance in a microgrid. Networked microgrids is new concept where the energy sharing between the microgrids may encourage renewable integration and reduce demand-supply imbalance. In order to manage such energy sharing among the different components in a microgrid or different microgrids in a networked structure, an appropriate energy management approach is necessitated. Transactive energy is an emerging technology for energy management in the distribution system, which uses market mechanisms for energy management. This paper discusses various types of market structures and market clearing approaches in transactive energy framework for energy management. Moreover, techno-economic perspectives of utility in transactive energy trading, such as network constraints and network usage charges, are elaborated.Finally, this review details the challenges and future scope in the transactive energy management of microgrids and networked microgrids.

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Prosumer Participation in a Transactive Energy Marketplace: A Game-Theoretic Approach

Cited by 8 publications

References 14 publications

Transactive energy management systems: Mathematical models and formulations

Transactive energy management systems: Mathematical models and formulations

Use of Hybrid Photovoltaic Systems with a Storage Battery for the Remote Objects of Railway Transport Infrastructure

Transactive energy management for microgrids considering techno‐economic perspectives of utility – a review

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