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Fraudulent balancing operation strategy for multi-agent P2P electricity trading considering neighborhood scene public energy storage

Author

Listed:
  • Dong, Min
  • Su, Juan
  • Zhao, Jing
  • Dong, Yanjun
  • Du, Songhuai

Abstract

The novel energy storage serves as a crucial infrastructure and a key enabling technology in shaping a new power system and advancing the green and low-carbon energy transformation. It stands as a vital support for achieving the dual-carbon strategy. In response to the high cost of deploying distributed energy storage and the potential for fraudulent behaviors in transactions, this research proposes an optimized operational strategy for fraudulent balancing in electricity trading considering the neighborhood scene public energy storage, taking into account potential fraudulent behaviors by market participants. Firstly, this research establishes a comprehensive framework for the joint operation of neighborhood scene public energy storage and multiple microgrids (MMG), developing the operational cost models for both MMG and public energy storage unit (PESU). Secondly, drawing upon the Nash bargaining theory, a cost minimization model is formulated to guide the collaborative operation of MMG and PESU. In addition, a transaction model is constructed to maximize profit distribution while considering fraudulent behaviors among market members. Finally, design a numerical example and solve it using the alternating direction method of multipliers (ADMM), the calculations suggest that the implementation of peer-to-peer (P2P) energy trading can increase the overall benefit by 65.45%, while the incorporation of PESU can boost the overall benefit by 49.93%, the fraudulent balancing model guarantees a sense of fairness in energy transactions. Addressing the potential obstacles to model expansion, further strategies involving the method of secondary distribution and setting an initial quotation range have been proposed to balance the fraudulent benefits among various entities and enhance participant enthusiasm. The fraudulent balancing strategy presented in this paper facilitates the achievement of fraud-balanced trading and maximization of profits among multi-energy entities, demonstrating considerable economic efficacy and high potential for widespread adoption.

Suggested Citation

  • Dong, Min & Su, Juan & Zhao, Jing & Dong, Yanjun & Du, Songhuai, 2024. "Fraudulent balancing operation strategy for multi-agent P2P electricity trading considering neighborhood scene public energy storage," Applied Energy, Elsevier, vol. 375(C).
    • Handle: RePEc:eee:appene:v:375:y:2024:i:c:s0306261924012923
    DOI: 10.1016/j.apenergy.2024.123909
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    References listed on IDEAS

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