Energy management in microgrids using transactive energy control concept under high penetration of Renewables; A survey and case study

Ali Alizadeh, Innocent Kamwa, Ali Moeini and Seyed Masoud Mohseni-Bonab

Renewable and Sustainable Energy Reviews, 2023, vol. 176, issue C

Abstract: Transactive Energy Control (TEC) paradigm enables involving Microgrids (MGs) in the energy management procedure to realize the transition of energy systems using market-based mechanisms. This paper, in this regard, proposes a review including state-of-the-art energy management using the TEC concept in MGs, highlighting the types of interactions among prosumers and MG operators, uncertainty models, and Energy Management System (EMS) designs. The proposed review illustrates that the distributed style of interactions with prosumer-centric uncertainty management has scarcely been investigated, while it is more beneficial in terms of financial, computational, and communication aspects. Hence, to pave the path for future research, a distributed TEC is proposed based on the consensus Alternative Direction Method of Multipliers (ADMM), wherein prosumers can solve their prosumption problem using a novel EMS and the MG operator acts as a coordinator to oversee system constraints. The EMS relies on a two-stage stochastic model, whereby prosumers can personally manage the associated risk using conditional value-at-risk (CVaR). The implementation results indicate that the accuracy, runtime, and communication burden are improved using the proposed distributed TEC by 32.76%, 15.68%, and 1094.6% compared to the decentralized TEC. Moreover, prosumers can save a further 5.75% on their bills using prosumer-centric uncertainty management. Consequently, the proposed review illuminates the research direction, while the proposed distributed TEC with the prosumer-centric uncertainty management elaborates on the identified gaps to accelerate the pace of improvement in this area.

Keywords: transactive energy control; Prosumer-side energy management systems; Networked microgrids; Consensus alternative direction method of multipliers (ADMM); Stochastic programming; Distributed transactive energy control; Risk management; Uncertainties management; Conditional value at risk (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032123000175
Full text for ScienceDirect subscribers only

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:eee:rensus:v:176:y:2023:i:c:s1364032123000175

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2023.113161

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().