Peer-to-Peer Energy Trading among Microgrids with Multidimensional Willingness

Ning Wang, Weisheng Xu, Zhiyu Xu and Weihui Shao
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Ning Wang: School of Electronics and Information Engineering, Tongji University, Shanghai 201804, China
Weisheng Xu: School of Electronics and Information Engineering, Tongji University, Shanghai 201804, China
Zhiyu Xu: School of Electronics and Information Engineering, Tongji University, Shanghai 201804, China
Weihui Shao: Education Technology and Computing Center, Tongji University, Shanghai 200092, China

Energies, 2018, vol. 11, issue 12, 1-22

Abstract: Networked microgrids are emerging for coordinating distributed energy resources in distribution networks in the future Energy Internet, for which developing an efficient energy market model is crucial for facilitating multi-directional trading among microgrids. In this paper, a peer-to-peer energy trading mechanism is presented using non-cooperative bidding among microgrids. Multidimensional willingness, including time pressure and counter behavior for mimicking the personalized behaviors of microgrids, was taken into account in the design of the bidding strategy. Under a parallel trading framework based on a blockchain, the proposed multidimensional willingness bidding strategy turns out to be able to make rational decisions with sufficient flexibility in the bidding process. The simulation results of a realistic case of microgrids from Guizhou Province, China, validate that the proposed peer-to-peer energy trading mechanism is capable of raising the microgrids’ profits and renewable energy source utilization.

Keywords: microgrids; distributed energy resource; peer-to-peer energy trading; multidimensional willingness; bidding strategy (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: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

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