P2P2G Coordinated Energy Sharing in Grid-Interactive Transactive Systems

Md Habib Ullah, Jae Do Park

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Recently, the rapid deployment of renewable energy resources in distribution networks has led to a paradigm shift in the modern power system wherein the traditional electricity consumers become energy-sharing-capable active prosumers (producer+consumer). This paper presents a peer-to-peer-to-grid (P2P2G) energy trading system for prosumer-centric local electricity markets. We developed a coordinated transactive energy management strategy for grid-interactive prosumers with iterative distribution locational marginal pricing (iDLMP) scheme. Firstly, we designed a network-constrained cost minimization problem in a residential power network and solved it in a distributed manner using the Alternating Direction Method of Multipliers (ADMM) algorithm. Secondly, a non-cooperative energy pricing game is formulated at the Rosen-Nash equilibrium point and solved by Nikaido-Isoda relaxation and ADMM algorithms. The effectiveness of the proposed scheme has been validated in an IEEE 14-bus distribution system through simulations.

Original languageEnglish (US)
Title of host publication2021 IEEE Power and Energy Society General Meeting, PESGM 2021
PublisherIEEE Computer Society
ISBN (Electronic)9781665405072
DOIs
StatePublished - 2021
Event2021 IEEE Power and Energy Society General Meeting, PESGM 2021 - Washington, United States
Duration: Jul 26 2021Jul 29 2021

Publication series

NameIEEE Power and Energy Society General Meeting
Volume2021-July
ISSN (Print)1944-9925
ISSN (Electronic)1944-9933

Conference

Conference2021 IEEE Power and Energy Society General Meeting, PESGM 2021
Country/TerritoryUnited States
CityWashington
Period7/26/217/29/21

All Science Journal Classification (ASJC) codes

  • Energy Engineering and Power Technology
  • Nuclear Energy and Engineering
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering

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