Towards collective energy Community: Potential roles of microgrid and blockchain to go beyond P2P energy trading

Wu, Ying; Wu, Yanpeng; Çimen, Halil; Vasquez, Juan C.; Guerrero, Josep M.

doi:10.1016/j.apenergy.2022.119003

Cited by 97 publications

(38 citation statements)

References 49 publications

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“…It realizes P2P energy transaction among prosumers. Wu et al . (2022a, b) delve into the socio-technical mechanisms and interactions necessary for sustainable P2P energy trading, considering the cooperation of multiple market players, the technical aspects of flexibility exchange and the economic aspects of decentralized/regulatory marketplaces.…”

Section: Related Workmentioning

confidence: 99%

Trading excess consumption certificates on the blockchain using the cooperative game theory

Ergün

2023

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PurposeThe purpose of this study is to propose a decentralized multi-party cross-trading scheme based on a certificate transaction mechanism for the transaction of excess consumption certificates (ECCs) of renewable energy. The aim is to address the problems associated with the existing centralized transaction mode and to promote the development of the green electricity industry.Design/methodology/approachThe proposed scheme involves calculating the quotation difference for the same type of certificate transaction based on the quotations of all users of both buyers and sellers. The transaction volume is then determined based on the order of quotation difference from large to small, and the total interests of cooperation are calculated. The nucleolus method is adopted to allocate the total interests to each member of the alliance and calculate the final transaction price. The blockchain technology is used for the transaction to achieve accurate traceability and efficient supervision, and a corresponding smart contract is designed and simulated in the Ethereum consortium chain.FindingsThe results of the simulation show the rationality and effectiveness of the proposed scheme. The decentralized multi-party cross-trading scheme can overcome the problems associated with the existing centralized transaction mode, such as low transaction efficiency, difficulty in obtaining the optimal transaction strategy and efficient supervision. The proposed scheme can promote the development of the green electricity industry by stimulating users' demand potential for green electricity.Originality/valueThe proposed scheme is original in its use of a certificate transaction mechanism to facilitate the trading of ECCs of renewable energy. The scheme adopts a decentralized multi-party cross-trading approach that overcomes the problems associated with the existing centralized transaction mode. The use of the nucleolus method for the allocation of total interests to each member of the alliance is also original. Finally, the use of blockchain technology for accurate traceability and efficient supervision of the transaction is an original contribution to the field.

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Section: Related Workmentioning

confidence: 99%

Trading excess consumption certificates on the blockchain using the cooperative game theory

Ergün

2023

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“…These systems meet energy demands for electrical and/or thermal energy typically supplied by the natural gas or electric utility company. Microgrid components can sometimes be found in the following list [ 6 ]: Distributed energy resources (DERs): include traditional generators like Gensets or natural gas generators that mechanically transform fuel into electricity and heat, as well as renewable energy technologies, including solar and wind power, which operate on natural renewable resources. Energy storage systems (ESSs): electrochemical (batteries), mechanical (flywheels), and thermal (hot water) systems are examples of systems.…”

Section: Introductionmentioning

confidence: 99%

Advanced Energy Management Strategy of Photovoltaic/PEMFC/Lithium-Ion Batteries/Supercapacitors Hybrid Renewable Power System Using White Shark Optimizer

Alhumade

Rezk

Louzazni

et al. 2023

Sensors

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The slow dynamic response of a proton exchange membrane fuel cell (PEMFC) to high load change during deficit periods must be considered. Therefore, integrating the hybrid system with energy storage devices like battery storage and/or a supercapacitor is necessary. To reduce the consumed hydrogen, an energy management strategy (EMS) based on the white shark optimizer (WSO) for photovoltaic/PEMFC/lithium-ion batteries/supercapacitors microgrid has been developed. The EMSs distribute the load demand among the photovoltaic, PEMFC, lithium-ion batteries, and supercapacitors. The design of EMSs must be such that it minimizes the use of hydrogen while simultaneously ensuring that each energy source performs inside its own parameters. The recommended EMS-based-WSO was evaluated in regard to other EMSs regarding hydrogen fuel consumption and effectiveness. The considered EMSs are state machine control strategy (SMCS), classical external energy maximization strategy (EEMS), and optimized EEMS-based particle swarm optimization (PSO). Thanks to the proposed EEMS-based WSO, hydrogen utilization has been reduced by 34.17%, 29.47%, and 2.1%, respectively, compared with SMCS, EEMS, and PSO. In addition, the efficiency increased by 6.05%, 9.5%, and 0.33%, respectively, compared with SMCS, EEMS, and PSO.

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“…Prosumers and consumers can aggregate in ECs, which can potentially act as nodes in a decentralized, polycentric system of energy production, management, and consumption (Gui et al, 2017;Moroni and Tricarico, 2017), in which they can dynamically trade energy via P2P trading, thus encouraging a sustainable and reliable generation and consumption of energy within the EC (Azim et al, 2020; D'Alpaos and Andreolli, 2021). P2P trading permits not only prosumers to obtain benefits from exchanging surplus energy locally, but also to minimize transmission losses and preserve the stability of the grid and energy supply (Zhang et al, 2018;An et al, 2020;Karami and Madlener, 2022;Wu et al, 2022). Battery storage and P2P trading provide, therefore, valuable opportunities to improve selfconsumption in PV generation, reduce energy costs and decrease peak demand.…”

Section: Introductionmentioning

confidence: 99%

Does P2P Trading Favor Investments in PV-Battery Systems?

D’Alpaos

Andreolli²,

Kort

2023

SSRN Journal

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Towards collective energy Community: Potential roles of microgrid and blockchain to go beyond P2P energy trading

Cited by 97 publications

References 49 publications

Trading excess consumption certificates on the blockchain using the cooperative game theory

Trading excess consumption certificates on the blockchain using the cooperative game theory

Advanced Energy Management Strategy of Photovoltaic/PEMFC/Lithium-Ion Batteries/Supercapacitors Hybrid Renewable Power System Using White Shark Optimizer

Does P2P Trading Favor Investments in PV-Battery Systems?

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