Dynamic programming based peer-to-peer energy trading framework for smart microgrids

I. Kalysh, A. Alimkhan, I. Temirtayev, H. S.V.S. Kumar Nunna, Suryanarayana Doolla, Kizheppatt Vipin

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

1 Citation (Scopus)

Abstract

With a global increase of distributed generation, the power grids are becoming complex and demand more flexible and intelligent control systems. Distributed generation also creates need for effective peer-to-peer energy market where multiple sellers and buyers transact energy within. This paper suggests a trading market platform designed for making peer-to-peer (P2P) energy transactions. The problem is formulated in terms of Knapsack 0-1 Problem and Dynamic Programming Algorithm is implemented to bring maximum financial benefit to prosumers. Case study is presented for a microgrid of 1 seller and 4 buyers and simulation results show that during every auction seller gets the highest economic surplus, while consumers get locally produced energy at cheaper than grid price.

Original languageEnglish
Title of host publicationProceedings - 2019 IEEE 13th International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2019
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781728132020
DOIs
Publication statusPublished - Apr 2019
Event13th IEEE International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2019 - Sonderborg, Denmark
Duration: Apr 23 2019Apr 25 2019

Publication series

NameProceedings - 2019 IEEE 13th International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2019

Conference

Conference13th IEEE International Conference on Compatibility, Power Electronics and Power Engineering, CPE-POWERENG 2019
CountryDenmark
CitySonderborg
Period4/23/194/25/19

Keywords

  • Distributed energy resources
  • Microgrid
  • Multi-agent system
  • P2P electricity market
  • Transactive energy

ASJC Scopus subject areas

  • Electrical and Electronic Engineering
  • Control and Optimization
  • Energy Engineering and Power Technology
  • Renewable Energy, Sustainability and the Environment

Fingerprint Dive into the research topics of 'Dynamic programming based peer-to-peer energy trading framework for smart microgrids'. Together they form a unique fingerprint.

Cite this