A Novel Peer-to-Peer Negawatt Trading Transactive Energy System for Prosumers

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

Abstract

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.

Original languageEnglish
Title of host publicationProceedings - 2020 IEEE 14th International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages181-186
Number of pages6
ISBN (Electronic)9781728142180
DOIs
Publication statusPublished - Jul 2020
Event14th IEEE International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2020 - Virtual, Online, Portugal
Duration: Jul 8 2020Jul 10 2020

Publication series

NameProceedings - 2020 IEEE 14th International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2020

Conference

Conference14th IEEE International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2020
CountryPortugal
CityVirtual, Online
Period7/8/207/10/20

Keywords

  • auction
  • blockchain
  • Demand-side management
  • microgrids
  • multi-agent systems
  • transactive energy

ASJC Scopus subject areas

  • Artificial Intelligence
  • Computer Science Applications
  • Software
  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering
  • Media Technology
  • Health Informatics

Fingerprint Dive into the research topics of 'A Novel Peer-to-Peer Negawatt Trading Transactive Energy System for Prosumers'. Together they form a unique fingerprint.

Cite this