A Stochastic MPC Based Energy Management System for Simultaneous Participation in Continuous and Discrete Prosumer-to-Prosumer Energy Markets

Pablo Baez-Gonzalez, Felix Garcia-Torres, Miguel A. Ridao and Carlos Bordons
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Pablo Baez-Gonzalez: Department of Systems Engineering and Automatic Control, Universidad de Sevilla, 41092 Sevilla, Spain
Felix Garcia-Torres: Applications Unit, Centro Nacional del Hidrógeno, 13500 Puertollano, Spain
Miguel A. Ridao: Department of Systems Engineering and Automatic Control, Universidad de Sevilla, 41092 Sevilla, Spain
Carlos Bordons: Department of Systems Engineering and Automatic Control, Universidad de Sevilla, 41092 Sevilla, Spain

Energies, 2020, vol. 13, issue 14, 1-23

Abstract: This article studies the exchange of self-produced renewable energy between prosumers (and with pure end consumers), through the discrete trading of energy packages and proposes a framework for optimizing this exchange. In order to mitigate the imbalances derived from discrepancies between production and consumption and their respective forecasts, the simultaneous continuous trading of instantaneous power quotas is proposed, giving rise to a time-ahead market running in parallel with a real-time one. An energy management system (EMS) based on stochastic model predictive control (SMPC) simultaneously determines the optimal bidding strategies for both markets, as well as the optimal utilisation of any energy storage system (ESS). Simulations carried out for a heterogeneous group of agents show that those with SMPC-EMS achieve savings of between 3% and 15% in their energy operation economic result. The proposed structures allows the peer-to-peer (P2P) energy trading between end users without ESS and constitute a viable alternative to avoid deviation penalties in secondary regulation markets.

Keywords: energy trading; microgrids; peer to peer; stochastic; model predictive control; energy management system; prosumers; continuous market; discrete market (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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