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Design of P2P trading mechanism for multi-energy prosumers based on generalized nash bargaining in GCT-CET market

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  • Meng, Yuxiang
  • Ma, Gang
  • Ye, Yujian
  • Yao, Yunting
  • Li, Weikang
  • Li, Tianyu

Abstract

Under the background of green certificate trading (GCT)‑carbon emission trading (CET) market, the application of P2P trading in regional integrated energy system (RIES) has not been fully explored, and it is urgent to design a reasonable prosumer P2P trading mechanism to adapt to the development of diversified electricity market. Therefore, this paper proposes a prosumer P2P cooperative trading model based on generalized Nash bargaining. Specifically, based on the differential modeling of various types of prosumers, this paper constructs a prosumer P2P cooperative trading model based on generalized Nash bargaining theory, and quantifies the bargaining power of prosumers through the contribution value of interactive operation. The GCT-CET collaborative mechanism is introduced to promote the consumption of distributed energy by transforming carbon quotas through green certificates. In addition, this paper designs a warm start and adaptive step alternating direction multiplier method decentralized algorithm (WAS-ADMM) to improve the solution efficiency and protect the trading privacy of prosumers. Through a case study, it analyzes the impact of prosumers' P2P cooperative trading on the consumption of distributed energy, prosumers' GCT-CET costs and comprehensive costs in the context of GCT and CET market. The simulation results show that the proposed trading model reduces the GCT-CET costs of the prosumers' alliance by about 24.98%.

Suggested Citation

  • Meng, Yuxiang & Ma, Gang & Ye, Yujian & Yao, Yunting & Li, Weikang & Li, Tianyu, 2024. "Design of P2P trading mechanism for multi-energy prosumers based on generalized nash bargaining in GCT-CET market," Applied Energy, Elsevier, vol. 371(C).
    • Handle: RePEc:eee:appene:v:371:y:2024:i:c:s0306261924010237
    DOI: 10.1016/j.apenergy.2024.123640
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    References listed on IDEAS

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