Multi-agent based energy trading platform for energy storage systems in distribution systems with inter-connected microgrids

Anudeep Sesetti, H. S.V.S. Kumar Nunna, Suryanarayana Doolla, Akshay K. Rathore

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

3 Citations (Scopus)

Abstract

This paper presents an intelligent agent based energy market management system to incorporate energy storage systems into onsite energy markets in the distribution systems with microgrids. Using this platform two different types of storage market models are proposed to promote storage systems participation in the onsite intra or inter microgrid energy trading markets. The paper also proposes bidding strategies for energy storage systems to participate in onsite-energy markets. The efficacy of the proposed market management system is proved using a distribution system with two microgrids simulated on OpenDSS. The necessary agents in the proposed system are developed using Java Agent DEvelopment (JADE) framework. From simulation results, it is found that the proposed system brings in harmony between supply and demand of the microgrid by engaging local or global or both storage systems and thereby reduces the price of the electricity in the system.

Original languageEnglish
Title of host publication2018 IEEE Industry Applications Society Annual Meeting, IAS 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781538645369
DOIs
Publication statusPublished - Nov 26 2018
Externally publishedYes
Event2018 IEEE Industry Applications Society Annual Meeting, IAS 2018 - Portland, United States
Duration: Sep 23 2018Sep 27 2018

Publication series

Name2018 IEEE Industry Applications Society Annual Meeting, IAS 2018

Conference

Conference2018 IEEE Industry Applications Society Annual Meeting, IAS 2018
CountryUnited States
CityPortland
Period9/23/189/27/18

Keywords

  • Auction Mechanisms
  • Electricity Markets
  • Energy Storage Systems
  • Microgrids
  • Multi-Agent Systems
  • Transactive Energy

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Renewable Energy, Sustainability and the Environment

Fingerprint Dive into the research topics of 'Multi-agent based energy trading platform for energy storage systems in distribution systems with inter-connected microgrids'. Together they form a unique fingerprint.

  • Cite this

    Sesetti, A., Kumar Nunna, H. S. V. S., Doolla, S., & Rathore, A. K. (2018). Multi-agent based energy trading platform for energy storage systems in distribution systems with inter-connected microgrids. In 2018 IEEE Industry Applications Society Annual Meeting, IAS 2018 [8544691] (2018 IEEE Industry Applications Society Annual Meeting, IAS 2018). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/IAS.2018.8544691