Transactive energy market in distribution systems: A case study of energy trading between transactive nodes

2016 ◽  
Author(s):  
Sayyid Mohssen Sajjadi ◽  
Paras Mandal ◽  
Tzu-Liang Bill Tseng ◽  
Miguel Velez-Reyes
Keyword(s):  
Distribution Systems ◽  
Energy Market ◽  
Energy Trading ◽  
Transactive Energy

scholarly journals Transactive Energy Market for Energy Management in Microgrids: The Monash Microgrid Case Study

Energies ◽  
2020 ◽  
Vol 13 (8) ◽  
pp. 2010 ◽  
Author(s):  
Mohsen Khorasany ◽  
Donald Azuatalam ◽  
Robert Glasgow ◽  
Ariel Liebman ◽  
Reza Razzaghi
Keyword(s):  
Energy Management ◽  
Market Mechanism ◽  
Energy Market ◽  
Distributed Energy ◽  
Novel Approach ◽  
Transactive Energy ◽  
Developing Area ◽  
Microgrid Energy Management ◽  
The Impact

Transactive energy is a novel approach for energy management and trading, which can be used in microgrids to facilitate the integration of distributed energy resources (DERs) in existing networks. The key feature in transactive energy is using market-based solutions for energy management. Hence, an appropriate transactive energy market (TEM) framework should be designed to enable and incentivize DER owners to participate in different markets. The efficient implementation of TEM for microgrid energy management encompasses the application of a variety of design principles. In this rapidly developing area, this paper presents a complete proposal of the TEM as a framework for the design, implementation, and deployment of transactive energy solutions for energy management in microgrids. In particular, we outline the requirements to design an effective market mechanism for the TEM. The applicability of this perspective is demonstrated through the introduction of the Monash Microgrid as a real-world implementation of a TEM solution, where a complete hardware and software foundation is presented as a platform to deploy a market-based solution for microgrid energy management. This is further illustrated through an example scenario, where the application of TEM is discussed to demonstrate the impact of considered design choices on achieving desired objectives.

scholarly journals Photovoltaics Enabling Sustainable Energy Communities: Technological Drivers and Emerging Markets

Energies ◽  
2021 ◽  
Vol 14 (7) ◽  
pp. 1862
Author(s):  
Alexandros-Georgios Chronis ◽  
Foivos Palaiogiannis ◽  
Iasonas Kouveliotis-Lysikatos ◽  
Panos Kotsampopoulos ◽  
Nikos Hatziargyriou
Keyword(s):  
State Of The Art ◽  
Research Question ◽  
Economic Benefits ◽  
Energy Market ◽  
Small Scale ◽  
Local Energy ◽  
Community Members ◽  
Open Research ◽  
Energy Community

In this paper, we investigate the economic benefits of an energy community investing in small-scale photovoltaics (PVs) when local energy trading is operated amongst the community members. The motivation stems from the open research question on whether a community-operated local energy market can enhance the investment feasibility of behind-the-meter small-scale PVs installed by energy community members. Firstly, a review of the models, mechanisms and concepts required for framing the relevant concepts is conducted, while a clarification of nuances at important terms is attempted. Next, a tool for the investigation of the economic benefits of operating a local energy market in the context of an energy community is developed. We design the local energy market using state-of-the-art formulations, modified according to the requirements of the case study. The model is applied to an energy community that is currently under formation in a Greek municipality. From the various simulations that were conducted, a series of generalizable conclusions are extracted.

A Case Study of the UK Energy Market

2017 ◽  
pp. 75-101
Author(s):  
Jean-François Chassagneux ◽  
Hinesh Chotai ◽  
Mirabelle Muûls
Keyword(s):  
Energy Market ◽  
The Uk
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