A Decentralized Transactive Energy Trading Framework for Prosumers in a Microgrid Cluster

H. S.V.S. Kumar Nunna, Yerasyl Amanbek, Botazhan Satuyeva, Suryanarayana Doolla

Research output: Chapter in Book/Report/Conference proceedingConference contribution

3 Citations (Scopus)

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 languageEnglish
Title of host publication2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages824-830
Number of pages7
ISBN (Electronic)9781538674345
DOIs
Publication statusPublished - May 15 2019
Event2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019 - Bangkok, Thailand
Duration: Mar 19 2019Mar 23 2019

Publication series

Name2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019

Conference

Conference2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019
CountryThailand
CityBangkok
Period3/19/193/23/19

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

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