Towards a transactive energy system for integration of distributed energy resources: Home energy management, distributed optimal power flow, and peer-to-peer energy trading
Author
Abstract
Suggested Citation
DOI: 10.1016/j.rser.2020.110000
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Ma, Yiju & Azuatalam, Donald & Power, Thomas & Chapman, Archie C. & Verbič, Gregor, 2019. "A novel probabilistic framework to study the impact of photovoltaic-battery systems on low-voltage distribution networks," Applied Energy, Elsevier, vol. 254(C).
- Haque, M. Mejbaul & Wolfs, Peter, 2016. "A review of high PV penetrations in LV distribution networks: Present status, impacts and mitigation measures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 1195-1208.
- Azuatalam, Donald & Paridari, Kaveh & Ma, Yiju & Förstl, Markus & Chapman, Archie C. & Verbič, Gregor, 2019. "Energy management of small-scale PV-battery systems: A systematic review considering practical implementation, computational requirements, quality of input data and battery degradation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 555-570.
- Gode, Dhananjay K & Sunder, Shyam, 1993.
"Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality,"
Journal of Political Economy, University of Chicago Press, vol. 101(1), pages 119-137, February.
- Gode, D.K. & Sunder, S., 1991. "Allocative Efficiency of Markets with Zero Intelligence (Z1) Traders: Market as a Partial Substitute for Individual Rationality," GSIA Working Papers 1992-16, Carnegie Mellon University, Tepper School of Business.
- Mahmud, Nasif & Zahedi, A., 2016. "Review of control strategies for voltage regulation of the smart distribution network with high penetration of renewable distributed generation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 582-595.
- Sousa, Tiago & Soares, Tiago & Pinson, Pierre & Moret, Fabio & Baroche, Thomas & Sorin, Etienne, 2019. "Peer-to-peer and community-based markets: A comprehensive review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 104(C), pages 367-378.
- Thomas Morstyn & Niall Farrell & Sarah J. Darby & Malcolm D. McCulloch, 2018. "Using peer-to-peer energy-trading platforms to incentivize prosumers to form federated power plants," Nature Energy, Nature, vol. 3(2), pages 94-101, February.
- Moreno, Blanca & Díaz, Guzmán, 2019. "The impact of virtual power plant technology composition on wholesale electricity prices: A comparative study of some European Union electricity markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 99(C), pages 100-108.
- Lund, Peter D. & Lindgren, Juuso & Mikkola, Jani & Salpakari, Jyri, 2015. "Review of energy system flexibility measures to enable high levels of variable renewable electricity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 785-807.
- Zhang, Chenghua & Wu, Jianzhong & Zhou, Yue & Cheng, Meng & Long, Chao, 2018. "Peer-to-Peer energy trading in a Microgrid," Applied Energy, Elsevier, vol. 220(C), pages 1-12.
- Mengelkamp, Esther & Gärttner, Johannes & Rock, Kerstin & Kessler, Scott & Orsini, Lawrence & Weinhardt, Christof, 2018. "Designing microgrid energy markets," Applied Energy, Elsevier, vol. 210(C), pages 870-880.
- Kohlhepp, Peter & Harb, Hassan & Wolisz, Henryk & Waczowicz, Simon & Müller, Dirk & Hagenmeyer, Veit, 2019. "Large-scale grid integration of residential thermal energy storages as demand-side flexibility resource: A review of international field studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 101(C), pages 527-547.
- Yael Parag & Benjamin K. Sovacool, 2016. "Electricity market design for the prosumer era," Nature Energy, Nature, vol. 1(4), pages 1-6, April.
- Jian Wang & Qianggang Wang & Niancheng Zhou & Yuan Chi, 2017. "A Novel Electricity Transaction Mode of Microgrids Based on Blockchain and Continuous Double Auction," Energies, MDPI, vol. 10(12), pages 1-22, November.
- Wurman, Peter R. & Wellman, Michael P. & Walsh, William E., 2001. "A Parametrization of the Auction Design Space," Games and Economic Behavior, Elsevier, vol. 35(1-2), pages 304-338, April.
- Sani Hassan, Abubakar & Cipcigan, Liana & Jenkins, Nick, 2017. "Optimal battery storage operation for PV systems with tariff incentives," Applied Energy, Elsevier, vol. 203(C), pages 422-441.
- Tonkoski, Reinaldo & Lopes, Luiz A.C., 2011. "Impact of active power curtailment on overvoltage prevention and energy production of PV inverters connected to low voltage residential feeders," Renewable Energy, Elsevier, vol. 36(12), pages 3566-3574.
- Haider, Haider Tarish & See, Ong Hang & Elmenreich, Wilfried, 2016. "A review of residential demand response of smart grid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 166-178.
- Huda, A.S.N. & Živanović, R., 2017. "Large-scale integration of distributed generation into distribution networks: Study objectives, review of models and computational tools," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 974-988.
- Tushar, Wayes & Saha, Tapan Kumar & Yuen, Chau & Morstyn, Thomas & McCulloch, Malcolm D. & Poor, H. Vincent & Wood, Kristin L., 2019. "A motivational game-theoretic approach for peer-to-peer energy trading in the smart grid," Applied Energy, Elsevier, vol. 243(C), pages 10-20.
- Beaudin, Marc & Zareipour, Hamidreza, 2015. "Home energy management systems: A review of modelling and complexity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 318-335.
- Pudjianto, Danny & Djapic, Predrag & Aunedi, Marko & Gan, Chin Kim & Strbac, Goran & Huang, Sikai & Infield, David, 2013. "Smart control for minimizing distribution network reinforcement cost due to electrification," Energy Policy, Elsevier, vol. 52(C), pages 76-84.
- Anthony Papavasiliou, 2018. "Analysis of distribution locational marginal prices," LIDAM Reprints CORE 3045, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Andoni, Merlinda & Robu, Valentin & Flynn, David & Abram, Simone & Geach, Dale & Jenkins, David & McCallum, Peter & Peacock, Andrew, 2019. "Blockchain technology in the energy sector: A systematic review of challenges and opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 100(C), pages 143-174.
- Good, Nicholas & Martínez Ceseña, Eduardo A. & Heltorp, Christopher & Mancarella, Pierluigi, 2019. "A transactive energy modelling and assessment framework for demand response business cases in smart distributed multi-energy systems," Energy, Elsevier, vol. 184(C), pages 165-179.
- Nosratabadi, Seyyed Mostafa & Hooshmand, Rahmat-Allah & Gholipour, Eskandar, 2017. "A comprehensive review on microgrid and virtual power plant concepts employed for distributed energy resources scheduling in power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 341-363.
- Beck, T. & Kondziella, H. & Huard, G. & Bruckner, T., 2016. "Assessing the influence of the temporal resolution of electrical load and PV generation profiles on self-consumption and sizing of PV-battery systems," Applied Energy, Elsevier, vol. 173(C), pages 331-342.
- Ranaweera, Iromi & Midtgård, Ole-Morten, 2016. "Optimization of operational cost for a grid-supporting PV system with battery storage," Renewable Energy, Elsevier, vol. 88(C), pages 262-272.
- Yu, Songyuan & Fang, Fang & Liu, Yajuan & Liu, Jizhen, 2019. "Uncertainties of virtual power plant: Problems and countermeasures," Applied Energy, Elsevier, vol. 239(C), pages 454-470.
- Resch, Matthias & Bühler, Jochen & Klausen, Mira & Sumper, Andreas, 2017. "Impact of operation strategies of large scale battery systems on distribution grid planning in Germany," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 1042-1063.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Maarten Wolsink, 2020. "Framing in Renewable Energy Policies: A Glossary," Energies, MDPI, vol. 13(11), pages 1-31, June.
- Siripha Junlakarn & Phimsupha Kokchang & Kulyos Audomvongseree, 2022. "Drivers and Challenges of Peer-to-Peer Energy Trading Development in Thailand," Energies, MDPI, vol. 15(3), pages 1-25, February.
- Ableitner, Liliane & Tiefenbeck, Verena & Meeuw, Arne & Wörner, Anselma & Fleisch, Elgar & Wortmann, Felix, 2020. "User behavior in a real-world peer-to-peer electricity market," Applied Energy, Elsevier, vol. 270(C).
- Soto, Esteban A. & Bosman, Lisa B. & Wollega, Ebisa & Leon-Salas, Walter D., 2021. "Peer-to-peer energy trading: A review of the literature," Applied Energy, Elsevier, vol. 283(C).
- Esmat, Ayman & de Vos, Martijn & Ghiassi-Farrokhfal, Yashar & Palensky, Peter & Epema, Dick, 2021. "A novel decentralized platform for peer-to-peer energy trading market with blockchain technology," Applied Energy, Elsevier, vol. 282(PA).
- Zhou, Yue & Wu, Jianzhong & Song, Guanyu & Long, Chao, 2020. "Framework design and optimal bidding strategy for ancillary service provision from a peer-to-peer energy trading community," Applied Energy, Elsevier, vol. 278(C).
- Zade, Michel & Lumpp, Sebastian Dirk & Tzscheutschler, Peter & Wagner, Ulrich, 2022. "Satisfying user preferences in community-based local energy markets — Auction-based clearing approaches," Applied Energy, Elsevier, vol. 306(PA).
- Tushar, Wayes & Yuen, Chau & Saha, Tapan K. & Morstyn, Thomas & Chapman, Archie C. & Alam, M. Jan E. & Hanif, Sarmad & Poor, H. Vincent, 2021. "Peer-to-peer energy systems for connected communities: A review of recent advances and emerging challenges," Applied Energy, Elsevier, vol. 282(PA).
- Hahnel, Ulf J.J. & Herberz, Mario & Pena-Bello, Alejandro & Parra, David & Brosch, Tobias, 2020. "Becoming prosumer: Revealing trading preferences and decision-making strategies in peer-to-peer energy communities," Energy Policy, Elsevier, vol. 137(C).
- Kobashi, Takuro & Yoshida, Takahiro & Yamagata, Yoshiki & Naito, Katsuhiko & Pfenninger, Stefan & Say, Kelvin & Takeda, Yasuhiro & Ahl, Amanda & Yarime, Masaru & Hara, Keishiro, 2020. "On the potential of “Photovoltaics + Electric vehicles” for deep decarbonization of Kyoto’s power systems: Techno-economic-social considerations," Applied Energy, Elsevier, vol. 275(C).
- Wolsink, Maarten, 2020. "Distributed energy systems as common goods: Socio-political acceptance of renewables in intelligent microgrids," Renewable and Sustainable Energy Reviews, Elsevier, vol. 127(C).
- Tushar, Wayes & Saha, Tapan Kumar & Yuen, Chau & Azim, M. Imran & Morstyn, Thomas & Poor, H. Vincent & Niyato, Dustin & Bean, Richard, 2020. "A coalition formation game framework for peer-to-peer energy trading," Applied Energy, Elsevier, vol. 261(C).
- Capper, Timothy & Gorbatcheva, Anna & Mustafa, Mustafa A. & Bahloul, Mohamed & Schwidtal, Jan Marc & Chitchyan, Ruzanna & Andoni, Merlinda & Robu, Valentin & Montakhabi, Mehdi & Scott, Ian J. & Franci, 2022. "Peer-to-peer, community self-consumption, and transactive energy: A systematic literature review of local energy market models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
- Francesca Andreolli & Chiara D'Alpaos & Peter Kort, 2023.
"Does P2P Trading Favor Investments in PV-Battery Systems?,"
Working Papers
2023.02, Fondazione Eni Enrico Mattei.
- Andreolli, Francesca & D'Alpaos, Chiara & Kort, Peter, 2023. "Does P2P Trading Favor Investments in PV-Battery Systems?," FEEM Working Papers 330498, Fondazione Eni Enrico Mattei (FEEM).
- Seyedhossein, Seyed Saeed & Moeini-Aghtaie, Moein, 2022. "Risk management framework of peer-to-peer electricity markets," Energy, Elsevier, vol. 261(PB).
- Karami, Mahdi & Madlener, Reinhard, 2022.
"Business models for peer-to-peer energy trading in Germany based on households’ beliefs and preferences,"
Applied Energy, Elsevier, vol. 306(PB).
- Karami, Mahdi & Madlener, Reinhard, 2021. "Business Models for Peer-to-Peer Energy Trading in Germany Based on Households’ Beliefs and Preferences," FCN Working Papers 3/2021, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised Oct 2021.
- 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).
- Schwidtal, J.M. & Piccini, P. & Troncia, M. & Chitchyan, R. & Montakhabi, M. & Francis, C. & Gorbatcheva, A. & Capper, T. & Mustafa, M.A. & Andoni, M. & Robu, V. & Bahloul, M. & Scott, I.J. & Mbavarir, 2023. "Emerging business models in local energy markets: A systematic review of peer-to-peer, community self-consumption, and transactive energy models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 179(C).
- Jiang, Yanni & Zhou, Kaile & Lu, Xinhui & Yang, Shanlin, 2020. "Electricity trading pricing among prosumers with game theory-based model in energy blockchain environment," Applied Energy, Elsevier, vol. 271(C).
- López, Iraide & Goitia-Zabaleta, Nerea & Milo, Aitor & Gómez-Cornejo, Julen & Aranzabal, Itxaso & Gaztañaga, Haizea & Fernandez, Elvira, 2024. "European energy communities: Characteristics, trends, business models and legal framework," Renewable and Sustainable Energy Reviews, Elsevier, vol. 197(C).
More about this item
Keywords
Transactive energy; Virtual power plants; Distributed optimization; Peer-to-peer energy trading; Behind-the-meter distributed energy resources; Prosumers; Smart grids;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:132:y:2020:i:c:s1364032120302914. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.