Skip to main content

Goal-Based Automation of Peer-to-Peer Electricity Trading

  • Conference paper
  • First Online:
Book cover From Science to Society

Part of the book series: Progress in IS ((PROIS))

Abstract

As the uptake of microgeneration increases, the centralised model of electricity generation will be significantly altered. One of the new models that is being investigated is the notion of a peer-to-peer electricity market in which prosumers can market their electricity exports to any other household. This paper investigates this model and proposes a new algorithm for automating the sale and purchase of electricity in this market aiming to optimise the market while providing increased control to householders.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Brooklyn Microgrid. http://brooklynmicrogrid.com/ Accessed 28 Apr 2017

  • DECC: Monthly Central Feed-in Tariff register statistics—Statistical data sets—GOV.UK (2016)

    Google Scholar 

  • Flexiblepower Alliance Network: The PowerMatcher Suite. http://flexiblepower.github.io/. Accessed 28 Apr 2017

  • Luo Y, Itaya S, Nakamura S, Davis P (2014) Autonomous cooperative energy trading between Prosumers for Microgrid systems, 693–696

    Google Scholar 

  • Murkin J, Chitchyan R, Byrne A (2016) Enabling peer-to-peer electricity trading. In: 4th International Conference on ICT for Sustainability

    Google Scholar 

  • Power Ledger-A New Decentralised Energy Marketplace—Where Power meets Blockchain (2016)

    Google Scholar 

  • Wang Y et al (2014) A game-theoretic approach to energy trading in the smart grid. IEEE Trans Smart Grid 5(3):1439–1450

    Article  Google Scholar 

  • Yaagoubi N, Mouftah HT (2015a) Energy trading in the smart grid: a game theoretic approach. In: IEEE SEGE, pp 1–6

    Google Scholar 

  • Yaagoubi N, Mouftah HT (2015b) A distributed game theoretic approach to energy trading in the smart grid. In: IEEE EPEC, pp 203–208

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Jordan Murkin .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG

About this paper

Cite this paper

Murkin, J., Chitchyan, R., Ferguson, D. (2018). Goal-Based Automation of Peer-to-Peer Electricity Trading. In: Otjacques, B., Hitzelberger, P., Naumann, S., Wohlgemuth, V. (eds) From Science to Society. Progress in IS. Springer, Cham. https://doi.org/10.1007/978-3-319-65687-8_13

Download citation

Publish with us

Policies and ethics