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Prosumer-centric P2P energy market under network constraints with TDF’s penalization | IEEE Conference Publication | IEEE Xplore

Prosumer-centric P2P energy market under network constraints with TDF’s penalization


Abstract:

The global trend guided by the energy systems decarbonization, decentralization and digitalization combined with the increase of distributed Renewable Energy Sources (RES...Show More

Abstract:

The global trend guided by the energy systems decarbonization, decentralization and digitalization combined with the increase of distributed Renewable Energy Sources (RES) are allowing prosumers to take a more active role in the electricity markets. In this context, a market structure based on Peer-to-Peer (P2P) transactions is very promising but presents challenges for the network’s operation. A critical challenge is to ensure that network constraints are not violated during energy trade between peers. Thus, the main contribution of this paper is the development of a methodology for the optimization of P2P energy transactions, accounting for network operation. The paper proposes a three-step approach (P2PTDF), using Topological Distribution Factors (TDF) to penalize peers responsible for violations that may occur, ensuring a feasible solution. Simulations were performed with the modified IEEE 14-bus system with 19 peers, including the possibility of exchanging energy with an external grid.
Date of Conference: 28 June 2021 - 02 July 2021
Date Added to IEEE Xplore: 29 July 2021
ISBN Information:
Conference Location: Madrid, Spain

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