Peer-to-Peer energy trading in a Microgrid

Chenghua Zhang, Jianzhong Wu, Yue Zhou, Meng Cheng and Chao Long

Applied Energy, 2018, vol. 220, issue C, 12 pages

Abstract: Peer-to-Peer (P2P) energy trading represents direct energy trading between peers, where energy from small-scale Distributed Energy Resources (DERs) in dwellings, offices, factories, etc, is traded among local energy prosumers and consumers. A hierarchical system architecture model was proposed to identify and categorize the key elements and technologies involved in P2P energy trading. A P2P energy trading platform was designed and P2P energy trading was simulated using game theory. Test results in a LV grid-connected Microgrid show that P2P energy trading is able to improve the local balance of energy generation and consumption. Moreover, the increased diversity of generation and load profiles of peers is able to further facilitate the balance.

Keywords: Peer-to-Peer energy trading; Distributed Energy Resources (DER); Bidding system; Game theory; Demand flexibility; Microgrid (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (247)

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DOI: 10.1016/j.apenergy.2018.03.010

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