472 research outputs found
Peer-to-peer and community-based markets: A comprehensive review
The advent of more proactive consumers, the so-called "prosumers", with
production and storage capabilities, is empowering the consumers and bringing
new opportunities and challenges to the operation of power systems in a market
environment. Recently, a novel proposal for the design and operation of
electricity markets has emerged: these so-called peer-to-peer (P2P) electricity
markets conceptually allow the prosumers to directly share their electrical
energy and investment. Such P2P markets rely on a consumer-centric and
bottom-up perspective by giving the opportunity to consumers to freely choose
the way they are to source their electric energy. A community can also be
formed by prosumers who want to collaborate, or in terms of operational energy
management. This paper contributes with an overview of these new P2P markets
that starts with the motivation, challenges, market designs moving to the
potential future developments in this field, providing recommendations while
considering a test-case
Optimal Economic Schedule for a Network of Microgrids With Hybrid Energy Storage System Using Distributed Model Predictive Control
Artículo Open Access en el sitio web el editor. Pago por publicar en abierto.In this paper, an optimal procedure for the economic schedule of a network of interconnected microgrids with hybrid energy storage system is carried out through a control algorithm based on distributed model predictive control (DMPC). The algorithm is specifically designed according to the criterion of improving the cost function of each microgrid acting as a single system through the network mode operation. The algorithm allows maximum economical benefit of the microgrids, minimizing the degradation causes of each storage system, and fulfilling the different system constraints. In order to capture both continuous/discrete dynamics and switching between different operating conditions, the plant is modeled with the framework of mixed logic dynamic. The DMPC problem is solved with the use of mixed integer linear programming using a piecewise formulation, in order to linearize a mixed integer quadratic programming problem.Ministerio de Economía, Industria y Competitivadad DPI2016-78338-RComisión Europea 0076-AGERAR-6-
Transforming Energy Networks via Peer to Peer Energy Trading: Potential of Game Theoretic Approaches
Peer-to-peer (P2P) energy trading has emerged as a next-generation energy
management mechanism for the smart grid that enables each prosumer of the
network to participate in energy trading with one another and the grid. This
poses a significant challenge in terms of modeling the decision-making process
of each participant with conflicting interest and motivating prosumers to
participate in energy trading and to cooperate, if necessary, for achieving
different energy management goals. Therefore, such decision-making process
needs to be built on solid mathematical and signal processing tools that can
ensure an efficient operation of the smart grid. This paper provides an
overview of the use of game theoretic approaches for P2P energy trading as a
feasible and effective means of energy management. As such, we discuss various
games and auction theoretic approaches by following a systematic classification
to provide information on the importance of game theory for smart energy
research. Then, the paper focuses on the P2P energy trading describing its key
features and giving an introduction to an existing P2P testbed. Further, the
paper zooms into the detail of some specific game and auction theoretic models
that have recently been used in P2P energy trading and discusses some important
finding of these schemes.Comment: 38 pages, single column, double spac
State-Of-The-Art and Prospects for Peer-To-Peer Transaction-Based Energy System
Transaction-based energy (TE) management and control has become an increasingly relevant topic, attracting considerable attention from industry and the research community alike. As a result, new techniques are emerging for its development and actualization. This paper presents a comprehensive review of TE involving peer-to-peer (P2P) energy trading and also covering the concept, enabling technologies, frameworks, active research efforts and the prospects of TE. The formulation of a common approach for TE management modelling is challenging given the diversity of circumstances of prosumers in terms of capacity, profiles and objectives. This has resulted in divergent opinions in the literature. The idea of this paper is therefore to explore these viewpoints and provide some perspectives on this burgeoning topic on P2P TE systems. This study identified that most of the techniques in the literature exclusively formulate energy trade problems as a game, an optimization problem or a variational inequality problem. It was also observed that none of the existing works has considered a unified messaging framework. This is a potential area for further investigation
State-of-the-art analysis and perspectives for peer-to-peer energy trading
As a promising solution to address the “energy trilemma” confronting human society, peer-to-peer (P2P) energy trading has emerged and rapidly developed in recent years. When carrying out P2P energy trading, customers with distributed energy resources (DERs) are able to directly trade and share energy with each other. This paper summarizes and analyzes the global development of P2P energy trading based on a comprehensive review of related academic papers, research projects, and industrial practice. Key aspects in P2P energy trading are identified and discussed, including market design, trading platforms, physical infrastructure and information and communication technology (ICT) infrastructure, social science perspectives, and policy. For each key aspect, existing research and practice are critically reviewed and insights for future development are presented. Comprehensive concluding remarks are provided at the end, summarizing the major findings and perspectives of this paper. P2P energy trading is a growing field with great potential and opportunities for both academia and industry across the world
Reinforcement Learning Based Cooperative P2P Energy Trading between DC Nanogrid Clusters with Wind and PV Energy Resources
In order to replace fossil fuels with the use of renewable energy resources,
unbalanced resource production of intermittent wind and photovoltaic (PV) power
is a critical issue for peer-to-peer (P2P) power trading. To resolve this
problem, a reinforcement learning (RL) technique is introduced in this paper.
For RL, graph convolutional network (GCN) and bi-directional long short-term
memory (Bi-LSTM) network are jointly applied to P2P power trading between
nanogrid clusters based on cooperative game theory. The flexible and reliable
DC nanogrid is suitable to integrate renewable energy for distribution system.
Each local nanogrid cluster takes the position of prosumer, focusing on power
production and consumption simultaneously. For the power management of nanogrid
clusters, multi-objective optimization is applied to each local nanogrid
cluster with the Internet of Things (IoT) technology. Charging/discharging of
electric vehicle (EV) is performed considering the intermittent characteristics
of wind and PV power production. RL algorithms, such as deep Q-learning network
(DQN), deep recurrent Q-learning network (DRQN), Bi-DRQN, proximal policy
optimization (PPO), GCN-DQN, GCN-DRQN, GCN-Bi-DRQN, and GCN-PPO, are used for
simulations. Consequently, the cooperative P2P power trading system maximizes
the profit utilizing the time of use (ToU) tariff-based electricity cost and
system marginal price (SMP), and minimizes the amount of grid power
consumption. Power management of nanogrid clusters with P2P power trading is
simulated on the distribution test feeder in real-time and proposed GCN-PPO
technique reduces the electricity cost of nanogrid clusters by 36.7%.Comment: 22 pages, 8 figures, to be submitted to Applied Energy of Elsevie
Peer-to-peer energy trading in a prosumer based community microgrid: a game-theoretic model
This paper proposes a novel game-theoretic model for peer-to-peer (P2P) energy trading among the prosumers in a community. The buyers can adjust the energy consumption behavior based on the price and quantity of the energy offered by the sellers. There exist two separate competitions during the trading process: 1) price competition among the sellers; and 2) seller selection competition among the buyers. The price competition among the sellers is modeled as a noncooperative game. The evolutionary game theory is used to model the dynamics of the buyers for selecting sellers. Moreover, an M-leader and N-follower Stackelberg game approach is used to model the interaction between buyers and sellers. Two iterative algorithms are proposed for the implementation of the games such that an equilibrium state exists in each of the games. The proposed method is applied to a small community microgrid with photo-voltaic and energy storage systems. Simulation results show the convergence of the algorithms and the effectiveness of the proposed model to handle P2P energy trading. The results also show that P2P energy trading provides significant financial and technical benefits to the community, and it is emerging as an alternative to cost-intensive energy storage systems
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