P2P2G Coordinated Energy Sharing in Grid-Interactive Transactive Systems

Md Habib Ullah; Jae Do Park

doi:10.1109/PESGM46819.2021.9637896

P2P2G Coordinated Energy Sharing in Grid-Interactive Transactive Systems

Md Habib Ullah
, Jae Do Park

School of Science, Engineering & Technology (Harrisburg)

Research output: Chapter in Book/Report/Conference proceeding › Conference 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 language	English (US)
Title of host publication	2021 IEEE Power and Energy Society General Meeting, PESGM 2021
Publisher	IEEE Computer Society
ISBN (Electronic)	9781665405072
DOIs	https://doi.org/10.1109/PESGM46819.2021.9637896
State	Published - 2021
Event	2021 IEEE Power and Energy Society General Meeting, PESGM 2021 - Washington, United States Duration: Jul 26 2021 → Jul 29 2021

Publication series

Name	IEEE Power and Energy Society General Meeting
Volume	2021-July
ISSN (Print)	1944-9925
ISSN (Electronic)	1944-9933

Conference

Conference	2021 IEEE Power and Energy Society General Meeting, PESGM 2021
Country/Territory	United States
City	Washington
Period	7/26/21 → 7/29/21

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

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

Access to Document

10.1109/PESGM46819.2021.9637896

Cite this

@inproceedings{f2322b51595547598fc1e646360fb70a,

title = "P2P2G Coordinated Energy Sharing in Grid-Interactive Transactive Systems",

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.",

author = "Ullah, \{Md Habib\} and Park, \{Jae Do\}",

note = "Publisher Copyright: {\textcopyright} 2021 IEEE.; 2021 IEEE Power and Energy Society General Meeting, PESGM 2021 ; Conference date: 26-07-2021 Through 29-07-2021",

year = "2021",

doi = "10.1109/PESGM46819.2021.9637896",

language = "English (US)",

series = "IEEE Power and Energy Society General Meeting",

publisher = "IEEE Computer Society",

booktitle = "2021 IEEE Power and Energy Society General Meeting, PESGM 2021",

address = "United States",

}

Ullah, MH & Park, JD 2021, P2P2G Coordinated Energy Sharing in Grid-Interactive Transactive Systems. in 2021 IEEE Power and Energy Society General Meeting, PESGM 2021. IEEE Power and Energy Society General Meeting, vol. 2021-July, IEEE Computer Society, 2021 IEEE Power and Energy Society General Meeting, PESGM 2021, Washington, United States, 7/26/21. https://doi.org/10.1109/PESGM46819.2021.9637896

TY - GEN

T1 - P2P2G Coordinated Energy Sharing in Grid-Interactive Transactive Systems

AU - Ullah, Md Habib

AU - Park, Jae Do

PY - 2021

Y1 - 2021

N2 - 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.

AB - 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.

UR - https://www.scopus.com/pages/publications/85124136754

UR - https://www.scopus.com/pages/publications/85124136754#tab=citedBy

U2 - 10.1109/PESGM46819.2021.9637896

DO - 10.1109/PESGM46819.2021.9637896

M3 - Conference contribution

AN - SCOPUS:85124136754

T3 - IEEE Power and Energy Society General Meeting

BT - 2021 IEEE Power and Energy Society General Meeting, PESGM 2021

PB - IEEE Computer Society

T2 - 2021 IEEE Power and Energy Society General Meeting, PESGM 2021

Y2 - 26 July 2021 through 29 July 2021

ER -

P2P2G Coordinated Energy Sharing in Grid-Interactive Transactive Systems

Abstract

Publication series

Conference

UN SDGs

All Science Journal Classification (ASJC) codes

Access to Document

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