Optimizing Peer-to-Peer Energy Transactions: Determining the Allowable Maximum Trading Power for Participants

Pikkanate Angaphiwatchawal and Surachai Chaitusaney ()
Additional contact information
Pikkanate Angaphiwatchawal: Department of Electrical Engineering, Chulalongkorn University, Bangkok 10330, Thailand
Surachai Chaitusaney: Department of Electrical Engineering, Chulalongkorn University, Bangkok 10330, Thailand

Energies, 2024, vol. 17, issue 6, 1-23

Abstract: This paper presents a comprehensive study on the impacts of peer-to-peer (P2P) energy markets on distribution systems, specifically focusing on voltage, power loss, and congestion. While P2P energy markets create opportunities for direct trading between prosumers and consumers, ensuring compliance with distribution system constraints remains a challenge. This paper proposes an iterative method and graphical interpretation in order to assess complex interactions, addressing the persistent issue of network constraints. Additionally, this paper proposes a method to determine distribution locational marginal prices (DLMPs) for real-time traditional energy markets. This ensures effective coordination among sellers, buyers, and the distribution system operator. The proposed method aims to prevent negative impacts on distribution system operation via the determination of the allowable maximum trading power (MTP), ensuring empirical validity and practical implementation via operating conditions and forecast errors, thus distinguishing it from prior studies. This paper also establishes a model for P2P energy market interactions, utilizing linear estimations for efficient DLMP updates. The contributions of this paper enhance the understanding and operation of P2P energy markets, and is supported by simulation results validating the proposed method.

Keywords: allowable maximum trading power; distribution locational marginal price; distribution system operator; network constraint; peer-to-peer energy market (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: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/17/6/1423/pdf (application/pdf)
https://www.mdpi.com/1996-1073/17/6/1423/ (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:17:y:2024:i:6:p:1423-:d:1357623

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 ().