Bidding Agents for PV and Electric Vehicle-Owning Users in the Electricity P2P Trading Market

Daishi Sagawa, Kenji Tanaka, Fumiaki Ishida, Hideya Saito, Naoya Takenaga, Seigo Nakamura, Nobuaki Aoki, Misuzu Nameki and Kosuke Saegusa
Additional contact information
Daishi Sagawa: School of Engineering, The University of Tokyo, Tokyo 113-8656, Japan
Kenji Tanaka: School of Engineering, The University of Tokyo, Tokyo 113-8656, Japan
Fumiaki Ishida: The Kansai Electric Power Co., Inc., Osaka 530-8270, Japan
Hideya Saito: The Kansai Electric Power Co., Inc., Osaka 530-8270, Japan
Naoya Takenaga: Nihon Unisys, Ltd., Tokyo 135-8560, Japan
Seigo Nakamura: Nihon Unisys, Ltd., Tokyo 135-8560, Japan
Nobuaki Aoki: Nihon Unisys, Ltd., Tokyo 135-8560, Japan
Misuzu Nameki: Nihon Unisys, Ltd., Tokyo 135-8560, Japan
Kosuke Saegusa: Nihon Unisys, Ltd., Tokyo 135-8560, Japan

Energies, 2021, vol. 14, issue 24, 1-17

Abstract: As the world strives to decarbonize, the effective use of renewable energy has become an important issue, and P2P power trading is expected to unlock the value of renewable energy and encourage its adoption by enabling power trading based on user needs and user assets. In this study, we constructed a bidding agent that optimizes bids based on electricity demand and generation forecasts, user preferences for renewable energy (renewable energy-oriented or economically oriented), and owned assets in a P2P electricity trading market, and automatically performs electricity trading. The agent algorithm was used to evaluate the differences in trading content between different asset holdings and preferences by performing power sharing in a real scale environment. The demonstration experiments show that: EV-owning and economy-oriented users can trade more favorably in the market with a lower average execution price than non-EV-owning users; forecasting enables economy-enhancing moves to store nighttime electricity in batteries in advance in anticipation of future power generation and market prices; EV-owning and renewable energy-oriented users can trade more favorably in the market with other users. EV-owning and renewable energy-oriented users can achieve higher RE ratios at a cost of about +1 yen/kWh compared to other users. By actually issuing charging and discharging commands to the EV and controlling the charging and discharging, the agent can control the actual use of electricity according to the user’s preferences.

Keywords: P2P energy trading; bidding agent; electric vehicle (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: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/1996-1073/14/24/8309/pdf (application/pdf)
https://www.mdpi.com/1996-1073/14/24/8309/ (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:14:y:2021:i:24:p:8309-:d:698913

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 ().