Peer-to-Peer Market with Energy Storage Systems

Tatiana Chernova, Elena Gryazina

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

With the growth of a distributed generation special attention is paid to the possibilities of its utilization in the network including new market architectures. One of the possible options is the creation of a peer-to-peer market. This paper proposes a peer-to-peer market design with user preferences and energy storage systems and its mixed-integer modifications and investigates market-clearing results for multiple time units. We introduce dynamically changing costs and observe the need for additional market rules to ensure user preferences in the peer-to-peer market with storages. Besides that, it is required to define the regulations related to the arbitraging, including possible arbitraging of non-storage agents. The work demonstrates the relevance of the proposed algorithm and suggests its further development.

Original languageEnglish
Title of host publication2021 IEEE Madrid PowerTech, PowerTech 2021 - Conference Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781665435970
DOIs
Publication statusPublished - 28 Jun 2021
Event2021 IEEE Madrid PowerTech, PowerTech 2021 - Madrid, Spain
Duration: 28 Jun 20212 Jul 2021

Publication series

Name2021 IEEE Madrid PowerTech, PowerTech 2021 - Conference Proceedings

Conference

Conference2021 IEEE Madrid PowerTech, PowerTech 2021
Country/TerritorySpain
CityMadrid
Period28/06/212/07/21

Keywords

  • energy arbitraging
  • energy storage system
  • network constraints
  • peer-to-peer market
  • user preference

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