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

A Novel Multi-Layer Framework for Dynamic Operation of Prosumers in Peer-to-Peer (P2P) Energy Markets

Research in transactive energy systems, in recent years, has been primarily focused on the financial aspects of peer-to-peer (P2P) energy trade with little attention paid to the operational and practical aspects of how this energy trade should occur in a system. Practical prosumer behavior in such systems should be subject to their own internal status and the external conditions of the electrical network. Moreover, for such practical realization of a prosumer to be feasible, they should be primed to operate through system disturbances and parameter uncertainties. In this thesis, a novel mathematical model is presented to enable prosumers to partake in P2P energy trades with full operational freedom over their own consumption, energy storage system (ESS) operation and their distributed power generation capability. The proposed model integrates a physical system (physical layer) with prosumer operations (virtual layer) to evolve a multi-layer framework which allows physical network constraints to be implemented with relative ease. The formulation is implemented on a 33-Bus test system considering various system objectives and the results demonstrably prove the significance and applicability of the proposed framework in P2P energy markets. The multi-layer framework is then further extended to enable the prosumer to respond to uncertainties in the local grid or its distributed energy resources, through an MPC based approach. The considered uncertainties are further split into categories termed as ’known uncertainty’ and ’unknown uncertainty’; with the former referring to forecasting errors and the latter referring to unexpected system disturbances. Several cases are developed considering combinations of system parameters to be uncertain and by introducing disturbances to observe prosumer responses. The simulation results prominently show the prosumers responding to unexpected disturbances by adjusting their behavior and P2P energy trade while maintaining their optimal objectives. Such results demonstrate the viability of this MPC approach for the realization of a practical prosumer

Electric Vehicle (EV)-Assisted Demand-Side Management in Smart Grid

While relieving the dependency on diminishing fossil fuels, Electric Vehicles (EVs) provide a promising opportunity to realise an eco-friendly and cost-effective means of transportation. However, the enormous electricity demand imposed by the wide-scale deployment of EVs can put power infrastructure under critical strain, potentially impacting the efficiency, resilience, and safety of the electric power supply. Interestingly, EVs are deferrable loads with flexible charging requirements, making them an ideal prospect for the optimisation of consumer demand for energy, referred to as demand-side management. Furthermore, with the recent introduction of Vehicle-to-Grid (V2G) technology, EVs are now able to act as residential battery systems, enabling EV customers to store energy and use them as backup power for homes or deliver back to the grid when required. Hence, this thesis studies Electric Vehicle (EV)-assisted demand-side management strategies to manage peak electricity demand, with the long-term objective of transforming to a fully EV-based transportation system without requiring major upgrades in existing grid infrastructure. Specifically, we look at ways to optimise residential EV charging and discharging for smart grid, while addressing numerous requirements from EV customer's perspective and power system's perspective. First, we develop an EV charge scheduling algorithm with the objective of tracking an arbitrary power profile. The design of the algorithm is inspired by water-filling theory in communication systems design, and the algorithm is applied to schedule EV charging following a day-ahead renewable power generation profile. Then we extend that algorithm by incorporating V2G operation to shape the load curve in residential communities via valley-filling and peak-shaving. In the proposed EV charge-discharge algorithm, EVs are distributedly coordinated by implementing a non-cooperative game. Our numerical simulation results demonstrate that the proposed algorithm is effective in flattening the load curve while satisfying all heterogeneous charge requirements across EVs. Next, we propose an algorithm for network-aware EV charging and discharging, with an emphasis on both EV customer economics and distribution network aspects. The core of the algorithm is a Quadratic Program (QP) that is formulated to minimise the operational costs accrued to EV customers while maintaining distribution feeder nodal voltage magnitudes within prescribed thresholds. By means of a receding horizon control approach, the algorithm implements the respective QP-based EV charge-discharge control sequences in near-real-time. Our simulation results demonstrate that the proposed algorithm offers significant reductions in operational costs associated with EV charging and discharging, while also mitigating under-voltage and over-voltage conditions arising from peak power flows and reverse power flows in the distribution network. Moreover, the proposed algorithm is shown to be robust to non-deterministic EV arrivals and departures. While the previous algorithm ensures a stable voltage profile across the entire distribution feeder, it is limited to balanced power distribution networks. Therefore, we next extend that algorithm to facilitate EV charging and discharging in unbalanced distribution networks. The proposed algorithm also supports distributed EV charging and discharging coordination, where EVs determine their charge-discharge profiles in parallel, using an Alternating Direction Method of Multipliers (ADMM)-based approach driven by peer-to-peer EV communication. Our simulation results confirm that the proposed distributed algorithm is computationally efficient when compared to its centralised counterpart. Moreover, the proposed algorithm is shown to be successful in terms of correcting any voltage violations stemming from non-EV load, as well as, satisfying all EV charge requirements without causing any voltage violations

Modeling and Communicating Flexibility in Smart Grids Using Artificial Neural Networks as Surrogate Models

Increasing shares of renewable energies and the transition towards electric vehicles pose major challenges to the energy system. In order to tackle these in an economically sensible way, the flexibility of distributed energy resources (DERs), such as battery energy storage systems, combined heat and power plants, and heat pumps, needs to be exploited. Modeling and communicating this flexibility is a fundamental step when trying to achieve control over DERs. The literature proposes and makes use of many different approaches, not only for the exploitation itself, but also in terms of models. In the first step, this thesis presents an extensive literature review and a general framework for classifying exploitation approaches and the communicated models. Often, the employed models only apply to specific types of DERs, or the models are so abstract that they neglect constraints and only roughly outline the true flexibility. Surrogate models, which are learned from data, can pose as generic DER models and may potentially be trained in a fully automated process. In this thesis, the idea of encoding the flexibility of DERs into ANNs is systematically investigated. Based on the presented framework, a set of ANN-based surrogate modeling approaches is derived and outlined, of which some are only applicable for specific use cases. In order to establish a baseline for the approximation quality, one of the most versatile identified approaches is evaluated in order to assess how well a set of reference models is approximated. If this versatile model is able to capture the flexibility well, a more specific model can be expected to do so even better. The results show that simple DERs are very closely approximated, and for more complex DERs and combinations of multiple DERs, a high approximation quality can be achieved by introducing buffers. Additionally, the investigated approach has been tested in scheduling tasks for multiple different DERs, showing that it is indeed possible to use ANN-based surrogates for the flexibility of DERs to derive load schedules. Finally, the computational complexity of utilizing the different approaches for controlling DERs is compared