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: Paudel, Amrit, Gooi, Hoay Beng
Other Authors: School of Electrical and Electronic Engineering
Format: Conference or Workshop Item
Language:English
Published: 2019
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
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spelling sg-ntu-dr.10356-885152020-03-07T13:24:45Z A hierarchical peer-to-peer energy trading in community microgrid distribution systems Paudel, Amrit Gooi, Hoay Beng School of Electrical and Electronic Engineering IEEE Power and Energy Society General Meeting 2018 Peer-To-Peer (HP2P) Energy Community Distribution System DRNTU::Engineering::Electrical and electronic engineering 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. Accepted version 2019-02-12T07:23:28Z 2019-12-06T17:05:00Z 2019-02-12T07:23:28Z 2019-12-06T17:05:00Z 2018 Conference Paper Paudel, A., & Gooi, H. B. (2018). A hierarchical peer-to-peer energy trading in community microgrid distribution systems. 2018 IEEE Power & Energy Society General Meeting (PESGM). doi:10.1109/PESGM.2018.8586168 https://hdl.handle.net/10356/88515 http://hdl.handle.net/10220/47642 10.1109/PESGM.2018.8586168 en © 2018 IEEE Power and Energy Society General Meeting 2018. All rights reserved. This paper was published in IEEE Power and Energy Society General Meeting 2018 and is made available with permission of Institute of Electrical and Electronics Engineers (IEEE). 6 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic Peer-To-Peer (HP2P) Energy
Community Distribution System
DRNTU::Engineering::Electrical and electronic engineering
spellingShingle Peer-To-Peer (HP2P) Energy
Community Distribution System
DRNTU::Engineering::Electrical and electronic engineering
Paudel, Amrit
Gooi, Hoay Beng
A hierarchical peer-to-peer energy trading in community microgrid distribution systems
description 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.
author2 School of Electrical and Electronic Engineering
author_facet School of Electrical and Electronic Engineering
Paudel, Amrit
Gooi, Hoay Beng
format Conference or Workshop Item
author Paudel, Amrit
Gooi, Hoay Beng
author_sort Paudel, Amrit
title A hierarchical peer-to-peer energy trading in community microgrid distribution systems
title_short A hierarchical peer-to-peer energy trading in community microgrid distribution systems
title_full A hierarchical peer-to-peer energy trading in community microgrid distribution systems
title_fullStr A hierarchical peer-to-peer energy trading in community microgrid distribution systems
title_full_unstemmed A hierarchical peer-to-peer energy trading in community microgrid distribution systems
title_sort hierarchical peer-to-peer energy trading in community microgrid distribution systems
publishDate 2019
url https://hdl.handle.net/10356/88515
http://hdl.handle.net/10220/47642
_version_ 1681041996773326848