39 research outputs found

    Review of existing peer-to-peer energy trading projects

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    Peer-to-Peer (P2P) energy trading is a novel paradigm of power system operation, where people can generate their own energy from Renewable Energy Sources (RESs) in dwellings, offices and factories, and share it with each other locally. The number of projects and trails in this area has significantly increased recently all around the world. This paper elaborates main focuses and outcomes of those projects, and compares their similarities and differences. The results show that although many of the trails focus on the business models acting similarly to a supplier's role in the electricity sector, it is also necessary to design the necessary communication and control networks that could enable P2P energy trading in or among local Microgrids

    A bidding system for peer-to-peer energy trading in a grid-connected microgrid

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    Peer-to-Peer (P2P) energy trading is a novel paradigm of power system operation, where people can generate their own energy from Renewable Energy Sources (RESs) in dwellings, offices and factories, and share it with each other locally. An architecture model was proposed to present the design and interoperability aspects of components for P2P energy trading in a microgrid. A specific Customer-to-Customer business model was introduced in a benchmark grid-connected microgrid based on the architecture model. The core component of a bidding system, called Elecbay, was also proposed and simulated using game theory. Test results show that P2P energy trading is able to balance local generation and demand, therefore, has a potential to enable a large penetration of RESs in the power grid

    Performance evaluation of peer-to-peer energy sharing models

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    With the increasing installation of distributed generation at the demand side, an increasing number of consumers become prosumers, and many peer-to-peer (P2P) energy sharing models have been proposed to reduce the energy bill of the prosumers through stimulating energy sharing and demand response. In this paper, a three-stage evaluation methodology is proposed to assess the economic performance of P2P energy sharing models. First of all, joint and individual optimization are established to identify the value contained in the energy sharing region. The overall energy bill of the prosumer population is then estimated through an agent-based modelling with reinforcement learning for each prosumer. Finally, a performance index is defined to quantify the economic performance of P2P energy sharing models. Simulation results verify the effectiveness of the proposed evaluation methodology, and compare three existing P2P energy sharing models in a variety of electricity pricing environments

    Feasibility of peer-to-peer energy trading in low voltage electrical distribution networks

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    Peer-to-peer (P2P) energy trading is referred to as flexible energy trades between peers, where the excessive energy from many small-scale Distributed Energy Resources (DERs) including those in dwellings, offices, factories, etc., is traded among local customers. To assess the feasibility of P2P energy trading, where local electricity demand and supply balancing is desired, a so-called P2P index was developed. By clustering the historical smart metering data using the k-means method, customers were categorized by their electricity consumption patterns and representative demand profiles of low voltage electrical distribution networks were produced. A linear programming optimization was carried out to find the optimal capacity of different DERs to maximize the local demand and supply balancing. PV systems and combined heat and power units were considered as the renewable resources. This work provides network planners with guidelines of appropriate shares of DERs for better constructing their future networks, and facilitates a P2P energy trading market paradigm

    Peer-to-peer energy trading in a microgrid

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    Peer-to-Peer (P2P) energy trading describes flexible energy trades between peers, where the excess energy from many small-scale Distributed Energy Resources (DERs) is traded among local customers. The feasibility of applying P2P energy trading to reduce costs for energy consumers, and to increase income for DER producers in a community microgrid was investigated. Three representative market paradigms were proposed, i.e. bill sharing, mid-market rate and an auction based pricing strategy. Each of them specified detailed business models, local energy exchange prices, as well as quantified individual customer's energy costs. An example of each methodology applied to a residential community microgrid with PV systems, validated the effectiveness of the proposed P2P trading mechanisms and identified the benefits

    Combining local features for robust nose location in 3D facial data

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    Due to the wide use of human face images, it is significant to locate facial feature points. In this paper, we focus on 3D facial data and propose a novel method to solve a specific problem, i.e., locating the nose tip by one hierarchical filtering scheme combining local features. Based on the detected nose tip, we further estimate the nose ridge by a newly defined curve, the Included Angle Curve (IAC). The key features of our method are its automated implementation for detection, its ability to deal with noisy and incomplete input data, its invariance to rotation and translation, and its adaptability to different resolutions. The experimental results from different databases show the robustness and feasibility of the proposed method. (c) 2006 Elsevier B.V. All rights reserved
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