Abstract
This paper presents a transactive energy management framework for decentralized energy trading among different prosumers within and among the microgrids in a macrogrid. In this framework, the participants of the energy market would maximize their utility by trading the excess energy to the peers within the microgrid. Afterwards, the overall excess energy available in the microgrid is traded with other microgrids in the system. In both cases, the market participants including those having energy surplus, i.e. sellers, and energy shortage, i.e. buyers, initiate the energy trading. In addition, a ranking system is proposed which is based on creating the optimal seller-buyer pair. The framework is applied a modified IEEE 37 node distribution system with five microgrids and the financial benefits of both sellers and buyers are verified using the simulation studies.
| Original language | English |
|---|---|
| Title of host publication | 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| Pages | 824-830 |
| Number of pages | 7 |
| ISBN (Electronic) | 9781538674345 |
| DOIs | |
| Publication status | Published - May 15 2019 |
| Event | 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019 - Bangkok, Thailand Duration: Mar 19 2019 → Mar 23 2019 |
Publication series
| Name | 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019 |
|---|
Conference
| Conference | 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019 |
|---|---|
| Country | Thailand |
| City | Bangkok |
| Period | 3/19/19 → 3/23/19 |
Fingerprint
Keywords
- Distributed Generation
- Electricity Markets
- Microgrids
- Smart Distribution Systems
- Transactive Energy
ASJC Scopus subject areas
- Computer Networks and Communications
- Energy Engineering and Power Technology
- Electrical and Electronic Engineering
Cite this
A Decentralized Transactive Energy Trading Framework for Prosumers in a Microgrid Cluster. / Kumar Nunna, H. S.V.S.; Amanbek, Yerasyl; Satuyeva, Botazhan; Doolla, Suryanarayana.
2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019. Institute of Electrical and Electronics Engineers Inc., 2019. p. 824-830 8715872 (2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019).Research output: Chapter in Book/Report/Conference proceeding › Conference contribution
}
TY - GEN
T1 - A Decentralized Transactive Energy Trading Framework for Prosumers in a Microgrid Cluster
AU - Kumar Nunna, H. S.V.S.
AU - Amanbek, Yerasyl
AU - Satuyeva, Botazhan
AU - Doolla, Suryanarayana
PY - 2019/5/15
Y1 - 2019/5/15
N2 - This paper presents a transactive energy management framework for decentralized energy trading among different prosumers within and among the microgrids in a macrogrid. In this framework, the participants of the energy market would maximize their utility by trading the excess energy to the peers within the microgrid. Afterwards, the overall excess energy available in the microgrid is traded with other microgrids in the system. In both cases, the market participants including those having energy surplus, i.e. sellers, and energy shortage, i.e. buyers, initiate the energy trading. In addition, a ranking system is proposed which is based on creating the optimal seller-buyer pair. The framework is applied a modified IEEE 37 node distribution system with five microgrids and the financial benefits of both sellers and buyers are verified using the simulation studies.
AB - This paper presents a transactive energy management framework for decentralized energy trading among different prosumers within and among the microgrids in a macrogrid. In this framework, the participants of the energy market would maximize their utility by trading the excess energy to the peers within the microgrid. Afterwards, the overall excess energy available in the microgrid is traded with other microgrids in the system. In both cases, the market participants including those having energy surplus, i.e. sellers, and energy shortage, i.e. buyers, initiate the energy trading. In addition, a ranking system is proposed which is based on creating the optimal seller-buyer pair. The framework is applied a modified IEEE 37 node distribution system with five microgrids and the financial benefits of both sellers and buyers are verified using the simulation studies.
KW - Distributed Generation
KW - Electricity Markets
KW - Microgrids
KW - Smart Distribution Systems
KW - Transactive Energy
UR - http://www.scopus.com/inward/record.url?scp=85066981276&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85066981276&partnerID=8YFLogxK
U2 - 10.1109/GTDAsia.2019.8715872
DO - 10.1109/GTDAsia.2019.8715872
M3 - Conference contribution
T3 - 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019
SP - 824
EP - 830
BT - 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019
PB - Institute of Electrical and Electronics Engineers Inc.
ER -