TY - GEN
T1 - A Decentralized Transactive Energy Trading Framework for Prosumers in a Microgrid Cluster
AU - Kumar Nunna, H. S.V.S.
AU - Amanbek, Yerasyl
AU - Satuyeva, Botazhan
AU - Doolla, Suryanarayana
N1 - Funding Information:
The authors would like to acknowledge the support of Nazarbayev University, Astana, Republic of Kazakhstan.
Publisher Copyright:
© 2019 IEEE.
Copyright:
Copyright 2019 Elsevier B.V., All rights reserved.
PY - 2019/5/15
Y1 - 2019/5/15
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.
KW - Distributed Generation
KW - Electricity Markets
KW - Microgrids
KW - Smart Distribution Systems
KW - Transactive Energy
UR - https://www.scopus.com/pages/publications/85066981276
UR - https://www.scopus.com/pages/publications/85066981276#tab=citedBy
U2 - 10.1109/GTDAsia.2019.8715872
DO - 10.1109/GTDAsia.2019.8715872
M3 - Conference contribution
AN - SCOPUS:85066981276
T3 - 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019
SP - 824
EP - 830
BT - 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2019 IEEE PES GTD Grand International Conference and Exposition Asia, GTD Asia 2019
Y2 - 19 March 2019 through 23 March 2019
ER -