TY - GEN
T1 - A Novel Peer-to-Peer Negawatt Trading Transactive Energy System for Prosumers
AU - Sypatayev, D.
AU - Kumar Nunna, H. S.V.S.
AU - Shintemirov, Almas
N1 - Funding Information:
Authors would like to acknowledge the financial support given by the Nazarbayev University through the Collaborative Research Grant (Ref. Id: 091019CRP2116) and the School of Engineering and Digital Sciences.
PY - 2020/7
Y1 - 2020/7
N2 - Increased interest in demand response programs to reduce energy consumption requires more advanced systems for demand-side managament. To address this problem, this paper presents the basic model of the transactive energy system with the increased roles of peers in the process of demand reduction and auction processing. The notion of the proposed system is based on the ability of the customers to propose their bids of demand reduction and, thereby, compete with each other for gaining more benefit from the demand response process. The combination of reverse and discriminatory k-DA auctions was applied for energy trading between the peers. The possibility of Blockchain framework implementation for peer-to-peer negawatt energy trading is discussed. A case study has shown the applicability of the proposed technique numerically.
AB - Increased interest in demand response programs to reduce energy consumption requires more advanced systems for demand-side managament. To address this problem, this paper presents the basic model of the transactive energy system with the increased roles of peers in the process of demand reduction and auction processing. The notion of the proposed system is based on the ability of the customers to propose their bids of demand reduction and, thereby, compete with each other for gaining more benefit from the demand response process. The combination of reverse and discriminatory k-DA auctions was applied for energy trading between the peers. The possibility of Blockchain framework implementation for peer-to-peer negawatt energy trading is discussed. A case study has shown the applicability of the proposed technique numerically.
KW - auction
KW - blockchain
KW - Demand-side management
KW - microgrids
KW - multi-agent systems
KW - transactive energy
UR - http://www.scopus.com/inward/record.url?scp=85090865640&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85090865640&partnerID=8YFLogxK
U2 - 10.1109/CPE-POWERENG48600.2020.9161457
DO - 10.1109/CPE-POWERENG48600.2020.9161457
M3 - Conference contribution
AN - SCOPUS:85090865640
T3 - Proceedings - 2020 IEEE 14th International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2020
SP - 181
EP - 186
BT - Proceedings - 2020 IEEE 14th International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2020
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 14th IEEE International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2020
Y2 - 8 July 2020 through 10 July 2020
ER -