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Peer-to-Peer Energy Trading among Microgrids with Multidimensional Willingness

Author

Listed:
  • Ning Wang

    (School of Electronics and Information Engineering, Tongji University, Shanghai 201804, China)

  • Weisheng Xu

    (School of Electronics and Information Engineering, Tongji University, Shanghai 201804, China)

  • Zhiyu Xu

    (School of Electronics and Information Engineering, Tongji University, Shanghai 201804, China)

  • Weihui Shao

    (Education Technology and Computing Center, Tongji University, Shanghai 200092, China)

Abstract

Networked microgrids are emerging for coordinating distributed energy resources in distribution networks in the future Energy Internet, for which developing an efficient energy market model is crucial for facilitating multi-directional trading among microgrids. In this paper, a peer-to-peer energy trading mechanism is presented using non-cooperative bidding among microgrids. Multidimensional willingness, including time pressure and counter behavior for mimicking the personalized behaviors of microgrids, was taken into account in the design of the bidding strategy. Under a parallel trading framework based on a blockchain, the proposed multidimensional willingness bidding strategy turns out to be able to make rational decisions with sufficient flexibility in the bidding process. The simulation results of a realistic case of microgrids from Guizhou Province, China, validate that the proposed peer-to-peer energy trading mechanism is capable of raising the microgrids’ profits and renewable energy source utilization.

Suggested Citation

  • Ning Wang & Weisheng Xu & Zhiyu Xu & Weihui Shao, 2018. "Peer-to-Peer Energy Trading among Microgrids with Multidimensional Willingness," Energies, MDPI, vol. 11(12), pages 1-22, November.
    • Handle: RePEc:gam:jeners:v:11:y:2018:i:12:p:3312-:d:185959
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    References listed on IDEAS

    as
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