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

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

doi:10.1109/GTDAsia.2019.8715872

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 proceeding › Conference contribution

16 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 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	https://doi.org/10.1109/GTDAsia.2019.8715872
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/Territory	Thailand
City	Bangkok
Period	3/19/19 → 3/23/19

Funding

The authors would like to acknowledge the support of Nazarbayev University, Astana, Republic of Kazakhstan.

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

Access to Document

10.1109/GTDAsia.2019.8715872

Cite this

Kumar Nunna, H. S. V. S., Amanbek, Y., Satuyeva, B., & Doolla, S. (2019). A Decentralized Transactive Energy Trading Framework for Prosumers in a Microgrid Cluster. In 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019 (pp. 824-830). Article 8715872 (2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/GTDAsia.2019.8715872

A Decentralized Transactive Energy Trading Framework for Prosumers in a Microgrid Cluster. / Kumar Nunna, H. S.V.S.; Amanbek, Yerasyl; Satuyeva, Botazhan et al.
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

Kumar Nunna, HSVS, Amanbek, Y, Satuyeva, B & Doolla, S 2019, A Decentralized Transactive Energy Trading Framework for Prosumers in a Microgrid Cluster. in 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019., 8715872, 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019, Institute of Electrical and Electronics Engineers Inc., pp. 824-830, 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019, Bangkok, Thailand, 3/19/19. https://doi.org/10.1109/GTDAsia.2019.8715872

Kumar Nunna HSVS, Amanbek Y, Satuyeva B, Doolla S. A Decentralized Transactive Energy Trading Framework for Prosumers in a Microgrid Cluster. In 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). doi: 10.1109/GTDAsia.2019.8715872

Kumar Nunna, H. S.V.S. ; Amanbek, Yerasyl ; Satuyeva, Botazhan et al. / A Decentralized Transactive Energy Trading Framework for Prosumers in a Microgrid Cluster. 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019. Institute of Electrical and Electronics Engineers Inc., 2019. pp. 824-830 (2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019).

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AU - Doolla, Suryanarayana

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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.

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KW - Electricity Markets

KW - Microgrids

KW - Smart Distribution Systems

KW - Transactive Energy

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

Abstract

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Keywords

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