This article presents a novel two-tier peer-to-peer (P2P) market paradigm for energy sharing between multiregional proactive prosumers (producer+consumer) in transactive energy systems. In the proposed approach, interactions between prosumers can be achieved in inter-area markets as well as intra-area markets. A dual decomposition based and a consensus-based distributed market-clearing approaches are designed for the proposed double-layered hierarchical intra- and inter-area markets. The proposed approach preserves prosumers' privacy by sharing only partial information with the fellow prosumers while settling the trade. Compared to the conventional P2P approaches, the proposed two-tier market-clearing scheme allows more prosumer participation in energy trading and significantly enhances their economic benefits in certain situations. The effectiveness of the proposed approach is validated through software simulations.
All Science Journal Classification (ASJC) codes
- Control and Systems Engineering
- Information Systems
- Computer Science Applications
- Electrical and Electronic Engineering