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Cooperative negawatt P2P energy trading for low-voltage distribution networks

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  • Azim, M. Imran
  • Tushar, Wayes
  • Saha, Tapan K.

Abstract

In this paper, the formation and feasibility of negawatt (nW) peer-to-peer (P2P) energy trading in a grid-connected energy network are studied. In particular, a framework is presented to introduce nW P2P trading concept in the local electricity market in order to provide cost savings to each participating prosumer. To capture the decision-making strategy of various nW prosumers, a coalition game model is proposed whereby prosumers can trade energy frequently in a collaborative way. The proposed nW P2P trading framework satisfies the beneficial criterion of the coalition game. Also, it confirms the stability and prosumer-focused feature of the structured coalition. To distribute the total coalition payoff between nW prosumers, Shapley value and Nucleolus are used. Finally, simulation results are provided to examine the effectiveness of the developed nW P2P trading on an actual distribution network. The simulation results emphasise that the proposed nW P2P trading can (1) enable prosumers to minimise notable portion of their electricity costs compared to the grid’s-facilitated demand response scheme, (2) keep total power loss and voltage profiles within permissible ranges, and (3) avoid network protection arrangements required for voltage regulation as opposed to kilowatt P2P trading.

Suggested Citation

  • Azim, M. Imran & Tushar, Wayes & Saha, Tapan K., 2021. "Cooperative negawatt P2P energy trading for low-voltage distribution networks," Applied Energy, Elsevier, vol. 299(C).
    • Handle: RePEc:eee:appene:v:299:y:2021:i:c:s0306261921007121
    DOI: 10.1016/j.apenergy.2021.117300
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    References listed on IDEAS

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    3. Bian, Yifan & Xie, Lirong & Ye, Jiahao & Ma, Lan & Cui, Chuanshi, 2024. "Peer-to-peer energy sharing model considering multi-objective optimal allocation of shared energy storage in a multi-microgrid system," Energy, Elsevier, vol. 288(C).
    4. Azim, M. Imran & Tushar, Wayes & Saha, Tapan K. & Yuen, Chau & Smith, David, 2022. "Peer-to-peer kilowatt and negawatt trading: A review of challenges and recent advances in distribution networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 169(C).
    5. Seyedhossein, Seyed Saeed & Moeini-Aghtaie, Moein, 2022. "Risk management framework of peer-to-peer electricity markets," Energy, Elsevier, vol. 261(PB).
    6. Bochun Zhan & Changsen Feng & Zhemin Lin & Xiaoyu Shao & Fushuan Wen, 2023. "Peer-to-Peer Energy Trading among Prosumers with Voltage Regulation Services Provision," Energies, MDPI, vol. 16(14), pages 1-22, July.
    7. Liu, Yun & Gao, Yunqiang & Borghetti, Alberto & Li, Yuanzheng & Gooi, Hoay Beng & Sun, Chao & Wu, Ting & Zhu, Jizhong, 2024. "A decentralized approach for time-of-use network utilization pricing in peer-to-peer energy markets," Applied Energy, Elsevier, vol. 361(C).
    8. Shinji Kuno & Kenji Tanaka & Yuji Yamada, 2022. "Effectiveness and Feasibility of Market Makers for P2P Electricity Trading," Energies, MDPI, vol. 15(12), pages 1-24, June.
    9. Adisorn Leelasantitham & Thammavich Wongsamerchue & Yod Sukamongkol, 2024. "Economic Pricing in Peer-to-Peer Electrical Trading for a Sustainable Electricity Supply Chain Industry in Thailand," Energies, MDPI, vol. 17(5), pages 1-19, March.

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