A hierarchical peer-to-peer energy trading in community microgrid distribution systems
The concept of community microgrid distribution system presents a new framework for operation and management of the future distribution systems with various operating constraints and a business model. It aims at extending the benefits of traditional microgrid by sharing the energy resources among mu...
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| Main Authors: | , |
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| Other Authors: | |
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2019
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/88515 http://hdl.handle.net/10220/47642 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | The concept of community microgrid distribution system presents a new framework for operation and management of the future distribution systems with various operating constraints and a business model. It aims at extending the benefits of traditional microgrid by sharing the energy resources among multiple partners. Peer-to-peer (P2P) energy trading model seems to be one of the suitable models for energy trading in the future community microgrid distribution system. This paper proposes a hierarchical peer-to-peer (HP2P) energy trading framework for future community microgrid distribution networks to provide efficient energy trading in the microgrid energy market. The proposed HP2P framework is applied to a sample community microgrid distribution system. It results in cost saving and hence its effectiveness is verified by simulation study. |
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