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 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.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.