scholarly journals Local energy markets design for integrated distribution energy systems based on the concept of transactive peer‐to‐peer market

2021 ◽  
Author(s):  
Mehdi Davoudi ◽  
Moein Moeini‐Aghtaie
Keyword(s):  
Energy Systems ◽  
Energy Markets ◽  
Peer To Peer ◽  
Local Energy ◽  
Distribution Energy

scholarly journals Automated Negotiation for Peer-to-Peer Electricity Trading in Local Energy Markets

Energies ◽  
2020 ◽  
Vol 13 (4) ◽  
pp. 920 ◽  
Author(s):  
Christie Etukudor ◽  
Benoit Couraud ◽  
Valentin Robu ◽  
Wolf-Gerrit Früh ◽  
David Flynn ◽  
...  
Keyword(s):  
Developing Countries ◽  
Low Cost ◽  
Energy Markets ◽  
Peer To Peer ◽  
Sub Saharan Africa ◽  
Local Energy ◽  
Automated Negotiation ◽  
Solar Pv ◽  
Negotiation Strategies ◽  
Alternating Offers

Reliable access to electricity is still a challenge in many developing countries. Indeed, rural areas in sub-Saharan Africa and developing countries such as India still encounter frequent power outages. Local energy markets (LEMs) have emerged as a low-cost solution enabling prosumers with power supply systems such as solar PV to sell their surplus of energy to other members of the local community. This paper proposes a one-to-one automated negotiation framework for peer-to-peer (P2P) local trading of electricity. Our framework uses an autonomous agent model to capture the preferences of both an electricity seller (consumer) and buyer (small local generator or prosumer), in terms of price and electricity quantities to be traded in different periods throughout a day. We develop a bilateral negotiation framework based on the well-known Rubinstein alternating offers protocol, in which the quantity of electricity and the price for different periods are aggregated into daily packages and negotiated between the buyer and seller agent. The framework is then implemented experimentally, with buyers and sellers adopting different negotiation strategies based on negotiation concession algorithms, such as linear heuristic or Boulware. Results show that this framework and agents modelling allow prosumers to increase their revenue while providing electricity access to the community at low cost.

scholarly journals Peer-to-Peer Energy Trading in Microgrids and Local Energy Systems

2021 ◽  
Author(s):  
Yue Zhou ◽  
Jianzhong Wu
Keyword(s):  
Energy Systems ◽  
Economic Benefits ◽  
Peer To Peer ◽  
Local Energy ◽  
Energy Trading ◽  
General Evaluation ◽  
Trading Mechanisms ◽  
Ict Infrastructure ◽  
Trade And Exchange ◽  
Key Aspects

Peer-to-peer (P2P) energy trading is an innovative approach for managing increasing numbers of Distributed Energy Resources in microgrids or local energy systems. In P2P energy trading, prosumers and consumers directly trade and exchange power and energy with each other. The development of P2P energy trading is described in five key aspects, that is, market design, trading platforms, power and ICT infrastructure, regulation and policy, and from a social science perspective. A general multiagent framework is established to simulate the behaviour of and interaction between multiple entities in P2P energy trading. A general evaluation index hierarchy is proposed to assess various P2P energy trading mechanisms. Finally, a residential community that is set in the context of Great Britain is studied using multiagent simulation and hierarchical evaluation methods. Both the technical and economic benefits of P2P energy trading are demonstrated.

scholarly journals Local Energy Markets: Paving the Path Toward Fully Transactive Energy Systems

2019 ◽  
Vol 34 (5) ◽  
pp. 4081-4088 ◽  
Author(s):  
Fernando Lezama ◽  
Joao Soares ◽  
Pablo Hernandez-Leal ◽  
Michael Kaisers ◽  
Tiago Pinto ◽  
...  
Keyword(s):  
Energy Systems ◽  
Energy Markets ◽  
Local Energy ◽  
Transactive Energy

Integrated energy systems and local energy markets

Energy Policy ◽  
2006 ◽  
Vol 34 (10) ◽  
pp. 1152-1160 ◽  
Author(s):  
Henrik Lund ◽  
Ebbe Münster
Keyword(s):  
Energy Systems ◽  
Energy Markets ◽  
Local Energy ◽  
Integrated Energy Systems
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