Peer-to-Peer Energy Trading of a Community Connected with an AC and DC Microgrid

Kuruseelan S and Vaithilingam C
Additional contact information
Kuruseelan S: School of Electrical Engineering, Vellore Institute of Technology, Chennai, Tamil Nadu 632014, India
Vaithilingam C: School of Electrical Engineering, Vellore Institute of Technology, Chennai, Tamil Nadu 632014, India

Energies, 2019, vol. 12, issue 19, 1-15

Abstract: The awareness of self-consumption of grid-connected roof-top solar photovoltaic (PV) owners in a community and the advancement in information and communication technologies (ICT) led to the development of a novel peer-to-peer energy trading mechanism for next-generation power systems. In the peer-to-peer (P2P) energy trading landscape, the prosumers and consumers self-organize and trade energy among themselves. In recent years, the large penetration of distributed energy resources, as well as the advancement of technologies in the fields of protection, power electronics, and storage devices, led to the use of direct current (DC) home appliances by the end-users, i.e., consumers in a community. In this paper, the operational costs of an individual household and community when operated with alternating current (AC) and DC home appliances are calculated using bill sharing and the mid-market rate method for various degrees of PV penetration. The bill sharing method shares the operational cost and income among all the peers in proportion to the amount of energy they consume/generate. The mid-market rate method calculates the P2P internal price at the median of the import and export price based on the relationship between total generation and demand. In terms of operational cost, both producers and consumers benefit fairly when the mid-market rate method is used when the households in a community are operated with DC home appliances.

Keywords: peer-to-peer energy trading; AC community; DC community; PV penetration (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: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.mdpi.com/1996-1073/12/19/3709/pdf (application/pdf)
https://www.mdpi.com/1996-1073/12/19/3709/ (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:12:y:2019:i:19:p:3709-:d:271631

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 ().