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An optimal scheduling strategy for peer-to-peer trading in interconnected microgrids based on RO and Nash bargaining

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  • Wei, Chun
  • Shen, Zhuzheng
  • Xiao, Dongliang
  • Wang, Licheng
  • Bai, Xiaoqing
  • Chen, Haoyong

Abstract

Based on the peer-to-peer (P2P) trading framework of interconnected microgrids, this paper proposes an optimal scheduling strategy for interconnected microgrids considering the uncertainty of wind power, to minimize the operation cost of the individual microgrid and obtain profits through active energy trading with other microgrids. The proposed optimization model considers the grid structure of microgrids and uses the robust optimization (RO) method to express uncertainty. The incentive mechanism based on Nash bargaining is used to encourage the individual microgrid to trade energy actively and realize fair benefit sharing. In order to protect the privacy of the individual microgrid, the alternating direction method of multipliers (ADMM) is used to achieve the decentralized solution of the proposed model. Simulation analysis based on four interconnected microgrids shows that each microgrid can ultimately make profits in the trading, verifying the effectiveness and fairness of the proposed method.

Suggested Citation

  • Wei, Chun & Shen, Zhuzheng & Xiao, Dongliang & Wang, Licheng & Bai, Xiaoqing & Chen, Haoyong, 2021. "An optimal scheduling strategy for peer-to-peer trading in interconnected microgrids based on RO and Nash bargaining," Applied Energy, Elsevier, vol. 295(C).
    • Handle: RePEc:eee:appene:v:295:y:2021:i:c:s0306261921004888
    DOI: 10.1016/j.apenergy.2021.117024
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    21. Geeta Yadav & Dheeraj Joshi & Leena Gopinath & Mahendra Kumar Soni, 2022. "Reliability and Availability Optimization of Smart Microgrid Using Specific Configuration of Renewable Resources and Considering Subcomponent Faults," Energies, MDPI, vol. 15(16), pages 1-16, August.
    22. Wang, Beibei & Xu, Lun & Wang, Jialei, 2023. "A privacy-preserving trading strategy for blockchain-based P2P electricity transactions," Applied Energy, Elsevier, vol. 335(C).
    23. Ferahtia, Seydali & Rezk, Hegazy & Abdelkareem, Mohammad Ali & Olabi, A.G., 2022. "Optimal techno-economic energy management strategy for building’s microgrids based bald eagle search optimization algorithm," Applied Energy, Elsevier, vol. 306(PB).
    24. Alizadeh, Ali & Kamwa, Innocent & Moeini, Ali & Mohseni-Bonab, Seyed Masoud, 2023. "Energy management in microgrids using transactive energy control concept under high penetration of Renewables; A survey and case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 176(C).

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