Search

This paper designs and models a fully decentralized peer-to-peer (P2P) energy token market for small-scale prosumers using blockchain technology in a smart grid environment in the presence of the demand response (DR) program and demurrage mechanism. As the market players, prosumers in the local distribution network are considered in two groups, producers (sellers) and consumers (buyers). Using smart contracts, all sellers and buyers in the proposed market can engage in bilateral energy token transactions (P2P) with each other under an agreed price and with the retail market at a certain price. Furthermore, the local consumers can participate in price-based DR programs and shift their consuming load to the periods with high local generation. Demurrage mechanism is applied to avoid energy token accumulation and enhance attraction for local transactions. With demurrage in place, the redemption value of energy-backed tokens reduces with time. A fully decentralized approach called the primal-dual sub-gradient method is developed to clear this fully decentralized energy market in the presence of DR programs and demurrage. The proposed market-clearing scheme guarantees the global and feasible solution without requiring the players' private information. Numerical studies demonstrated the feasibility and effectiveness of the proposed energy token market and the decentralized approach for its clearing.

In this paper, the energy management of a microgrid including wind turbine, PhotoVoltaic (PV) modules, Combined Heat and Power (CHP) systems, fuel cells, power only units, heat only unit, Plug-in Electric Vehicles (PEVs), and thermal energy storage resources for supplying electrical and thermal loads is presented. For achieving a better management on demand side, both price-based and incentive-based Demand Response Programs (DRPs) have been used and their impacts on reducing the operational cost of microgrid in both grid-connected and island modes have been investigated. Also, the uncertainty of price, load, wind speed and solar radiation are taken into account in order to obtain more realistic results. By discretization of Probability Distribution Function (PDF) of each uncertain parameter, a set of scenarios is generated. Then, using a scenario reduction method based on mixed-integer linear optimization, the set of reduced scenarios is obtained. Two-stage stochastic programming approach is used to minimize the operational cost in microgrid energy management. The proposed method for microgrid energy management has been evaluated in three modes: grid-connected, grid-connected with DRPs, and island mode with DRPs.