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A decentralized peer-to-peer energy trading strategy considering flexible resource involvement and renewable energy uncertainty.
- Source :
-
International Journal of Electrical Power & Energy Systems . Oct2023, Vol. 152, pN.PAG-N.PAG. 1p. - Publication Year :
- 2023
-
Abstract
- • A strategy for distributed Peer-to-Peer (P2P) energy trading was proposed. • A quantification strategy for flexible resources was proposed. • A pricing strategy with privacy and intelligence was proposed. • The impact of renewable energy uncertainty on bidding decisions was considered. • The strategy protects privacy, improves benefits, and enhances local energy balance. With the widespread application of distributed power generation, traditional energy consumers are becoming active prosumers. Giving full play to the role of the electricity market in resource allocation, peer-to-peer (P2P) energy trading between multiple prosumers and consumers helps increase the revenue of electricity sales and reduce the cost of electricity consumption. The participation of flexible resources in P2P energy trading achieves local power complementarity, improves benefits, and reduces the operating pressure of lines. To ensure the benefits of prosumers and stimulate their enthusiasm, it is necessary to propose an effective trading strategy to fully allow flexible resources to participate in P2P energy trading. Therefore, this paper establishes a P2P energy market based on the continuous double auction (CDA) mechanism. Based on the model predictive control (MPC) theory, we propose a minimum cost rolling optimization model to optimize the bidding quantity of flexible resources. Moreover, the Automatic Learning (AL) pricing strategy with privacy and learning is proposed. The AL bidding price strategy enables interactive learning among prosumers. In addition, the influence of bidding price on bidding quantity during the trading process is also considered. Furthermore, this paper considers the impact of renewable energy source (RES) uncertainty on the bidding decisions of prosumers. Finally, the effectiveness of the proposed strategy is verified by the simulation results of cases. The simulation results demonstrate that the proposed strategy can improve the benefits for prosumers, enhance the local balance ability, achieve price learning, and increase the transaction rate. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01420615
- Volume :
- 152
- Database :
- Academic Search Index
- Journal :
- International Journal of Electrical Power & Energy Systems
- Publication Type :
- Academic Journal
- Accession number :
- 164258040
- Full Text :
- https://doi.org/10.1016/j.ijepes.2023.109275