A New Method for Peer-to-Peer Energy Exchange in Distribution Grids

Ehsan Reihani, Pierluigi Siano and Michael Genova
Additional contact information
Ehsan Reihani: Department of Computer and Electrical Engineering and Computer Science, California State University Bakersfield, 9001 Stockdale Hwy, Bakersfield, CA 93311, USA
Pierluigi Siano: Department of Management & Innovation Systems, University of Salerno Via Giovanni Paolo II, 132, 84084 Fisciano (SA), Italy
Michael Genova: Department of Computer and Electrical Engineering and Computer Science, California State University Bakersfield, 9001 Stockdale Hwy, Bakersfield, CA 93311, USA

Energies, 2020, vol. 13, issue 4, 1-16

Abstract: In this paper, distribution-level peer-to-peer energy exchange is proposed that allows increased matching between load and generation nodes. Contributions of the proposed improved matching system between the local load and generation nodes aim at making efficient use of unused power generation, reducing the cost of electrical energy for consumers, and assisting utility companies by reducing transmission line congestion. The proposed system for matching the load and generation nodes consists of a financial layer and technical layer. In the financial layer, nodes with an excess of energy provide a price to sell energy, while the nodes needing energy bid on a price to purchase energy. A market-clearing mechanism using pool clearing is applied to determine a final price for peer-to-peer exchange. The technical layer determines the connection of energy transfer between the generation and load nodes while considering the distance, power flow constraints, and specified time windows. The proposed approach is verified in a five-node system and the results are discussed.

Keywords: peer-to-peer energy exchange; power optimization; Nash equilibrium; distribution system; microgrids (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 (8)

Downloads: (external link)
https://www.mdpi.com/1996-1073/13/4/799/pdf (application/pdf)
https://www.mdpi.com/1996-1073/13/4/799/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:13:y:2020:i:4:p:799-:d:319545

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().