Peer-to-peer market with network constraints, user preferences and network charges

Tatiana Chernova, Elena Gryazina

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

With an increase of distributed generation growing attention is paid to the possibilities of its utilization in the network. The peer-to-peer market represents one of the possible ways to address this question. Largely driven by distributed ledger technologies, the peer-to-peer market architectures ignored network constraints for a long time, paying more attention to the organization of the financial transactions. In this paper we propose a peer-to-peer market design, incorporating network constraints, user preferences, and trade-independent network fees. In this way, we ensure a meeting of three requirements critical to the practical implementation of the peer-to-peer market as secure operation, consumer-centric nature of the market, and the provision of benefits for the grid. We develop a distributed procedure and demonstrate the applicability of the proposed algorithm using the IEEE 39-bus power system, and compare it with the correction-based algorithm.

Original languageEnglish
Article number106981
JournalInternational Journal of Electrical Power and Energy Systems
Volume131
DOIs
Publication statusPublished - Oct 2021

Keywords

  • Congestion management
  • Distributed optimization
  • Network charges
  • Peer-to-peer market
  • Power market
  • User preferences

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