A Novel Prosumer-Based Energy Sharing and Management (PESM) Approach for Cooperative Demand Side Management (DSM) in Smart Grid

Razzaq, Sohail; Zafar, Rehman; Khan, Naveed Ahmed; Butt, Asif Raza; Mahmood, Anzar

doi:10.3390/app6100275

Cited by 45 publications

(15 citation statements)

References 25 publications

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“…There will be no trading between peers and the grid, which will result in no carbon emissions. In such scenario, the P2P-based trading prices are estimated by using equation 11 (11) Here, P2PSP(t), P2PBP(t), GSP , and GBP denote P2P selling price, P2P buying price, grid selling price, and grid buying price, respectively.…”

Section: System Model and Problem Formulationmentioning

confidence: 99%

“…The average benefit for a single prosumer in a coalition of 5 peers is 64 PKRs while it is 83 PKRs in the coalition of 12 peers in a FiT system. Figure 16 shows the per unit energy cost for P2P-based trading systems which is calculated by using equation (11)(12)(13)(14)(15). Here, P2P buying price is higher than grid buying price which will enhance energy trading within community to improve revenue.…”

Section: Figure 15 Peers' Earning In Dsm-based P2p Trading Systemmentioning

confidence: 99%

“…The use of renewable energy (RE) without an energy storage system (ESS) to optimize the costs and to reduce carbon emissions is not as helpful because of intermittent energy generation and variable load [11]. The high capital cost and short lifetime of an energy storage system are major concerns behind its less exploitation [12].…”

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Economic and Climatic Impacts of Different Peer-to-Peer Game Theoretic–Based Energy Trading Systems

et al. 2020

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Rising energy demand and the disproportionate utilization of fossil fuels not only result in power imbalance and economic drain but also raise environmental concerns. Under these challenging circumstances, microgrids provide a tactical solution by adopting distributed energy resources at user end. However, this solution is not effective without enough participation by these end users (prosumers) for sustainable energy growth in microgrids. This paper presents a behavioral control theory and various psychological motivational models to improve prosumers' participation up to the desired level. A framework for peers' management within a community is also presented. The coalition-based game theory is employed for fair and trustworthy inter-trading which lead to the formation of grand coalition by satisfying all the defined motivational models. Various trading systems i.e. feed in tariff system, peer-topeer trading with and without storage systems, and demand-side management-based peer-to-peer trading systems are used for energy inter-trading with minimum involvement with the grid. Finally, the proposed system is validated through simulations of various game theoretic-based peer-to-peer trading systems. Simulation results show a considerable reduction in average expenses for energy demand and carbon emissions with improved earnings for peers. INDEX TERMS peer-to-peer energy trading system, prosumers, demand-side management, game theory, motivational models I. INTRODUCTION Carbon emissions caused by disproportionate utilization of cost-inefficient fossil fuels have become a global concern. The world population is expected to rise by 50% in the next decade [1], resulting in a 25% upsurge in energy demand and a consequent huge gap between demand and supply. It seems difficult for the energy sector to meet such a high demand without the exploration of new generation techniques, the use of efficient plants, and adoption of bidirectional communication based power exchanges [1]. One of the possible solutions is to increase fossil fuel based-centralized generation; however, high capital cost, relocation problems, carbon emissions, socio-political pressure, energy security, and several other constraints make this choice less feasible. Currently, in the European Union (EU), buildings are responsible for 40% of carbon emissions, which can be reduced by using efficient home energy management system (HEMS) [2]. In HEMS, smart and energy-efficient appliances which have an impact on customer's preferences are used at the user end [3]. These energy efficiency improvements (EEI) will reduce energy demand and emissions. However, sometimes EEI has a motivational rebound effect, and raises energy demand [4]. Microgrids (MG) can also be used to provide a tactical solution by adopting distributed energy resources (DER) at user end [5]. The MG is a distributed grid having various distributed generators i.e. renewable energy resources (RERs), along with energy storage systems and interconnected loads to meet user demand. Traditional grids ar...

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Section: System Model and Problem Formulationmentioning

confidence: 99%

Section: Figure 15 Peers' Earning In Dsm-based P2p Trading Systemmentioning

confidence: 99%

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Economic and Climatic Impacts of Different Peer-to-Peer Game Theoretic–Based Energy Trading Systems

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“…Therefore, less demanding conditions apply for connection and operation. The need to customize the prosumer's behaviour to allow the deployment of demand-response algorithms is also addressed in [28] as a solution for sharing resources in order to avoid an energy crisis (excessive prices). The load-only behaviour is already implemented in some market solutions where inverters [32] are designed for microgrids operating in island mode with an architecture integrating diesel generators (gen-set) to provide the missing energy when needed by the local energy ecosystem.…”

Section: Resilient Architecture For Advanced Prosumersmentioning

confidence: 99%

Resilient Prosumer Scenario in a Changing Regulatory Environment—The UniRCon Solution

et al. 2017

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Technological developments are pushing for new solutions based upon massive integration of renewable electricity generation in networks already facing many challenges. This paper presents a novel approach to managing the energy transfer towards prosumers making use of smart management of local energy storage. The proposed design (including storage dimensioning) is based on several operating scenarios in which the prosumer might operate as: (i) a "load only" entity (from a grid perspective), thus exhibiting investment resiliency against regulatory changes and high energy efficiency; or (ii) a prosumer, in case regulatory opportunistic profit might be available. This can be realized within a newly proposed Uni-directional Resilient Consumer (UniRCon) architecture. The major aim of the proposed architecture is to achieve optimal self-consumption while avoiding curtailment even in a changing regulatory environment like, for example, the total lack of incentives for generation based on renewable energy sources (RES). One of the major advantages of the proposed architecture consists in the adaptability to changes in the regulatory and market environment. The term resilience is used with multiple meanings: (a) the prosumer's financial resilience against regulatory changes when investment calculations assume no-grid injections; (b) the prosumer's technical resilience, with electrical design based on standalone operation; (c) the resilience of clusters of interconnected end-user installations with enabled community-level electricity exchange, independent of the existing main grid supply; (d) the contribution to grid resilience, by enabling AC microgrid (MG) operation in island mode when large portions of the grid are formed by clusters of UniRCon prosumers (the ease of islanding segmentation of the local grid in case of emergencies). For proof of concept, three use-cases are detailed: (i) photovoltaic (PV) installations connected behind the meter; (ii) PV and storage available and controllable behind the meter; and (iii) the UniRCon architecture. The three use-cases are then compared and assessed for four near-future timelines as starting points for the investment. Numerical simulations show the attractiveness of the UniRCon solution in what concerns both system operation costs and supply resilience. Savings are expressed as opportunity savings arising from difference in tariffs while charging and discharging the storage unit and due to the avoidance of curtailment, as well as special taxes for the connection of PV (depending on regulatory environment). An extension of the UniRCon concept is presented also at community scale, with neighbourhood energy exchange inside a resilient cluster.

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“…A comprehensive view on technical methodologies and architecture, and socioeconomic and regulatory factors that could facilitate the uptake of DR is reported in [3]. In the path of change mentioned above, the customer does not act as an individual; on the contrary, the customer is a member of an integrated community, coordinated by an intermediary named aggregator or coalition coordinator [4][5][6][7].…”

Section: Introductionmentioning

confidence: 99%

An Energy Box in a Cloud-Based Architecture for Autonomous Demand Response of Prosumers and Prosumages

et al. 2017

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Abstract:The interest in the implementation of demand response programs for domestic customers within the framework of smart grids is increasing, both from the point of view of scientific research and from the point of view of real applications through pilot projects. A fundamental element of any demand response program is the introduction at customer level of a device, generally named energy box, able to allow interaction between customers and the aggregator. This paper proposes two laboratory prototypes of a low-cost energy box, suitable for cloud-based architectures for autonomous demand response of prosumers and prosumages. Details on how these two prototypes have been designed and built are provided in the paper. Both prototypes are tested in the laboratory along with a demonstration panel of a residential unit, equipped with a real home automation system. Laboratory tests demonstrate the feasibility of the proposed prototypes and their capability in executing the customers' loads scheduling returned by the solution of the demand-response problem. A personal computer and Matlab software implement the operation of the aggregator, i.e., the intermediary of the energy-integrated community constituted by the customers themselves, who participate in the demand response program.

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A Novel Prosumer-Based Energy Sharing and Management (PESM) Approach for Cooperative Demand Side Management (DSM) in Smart Grid

Cited by 45 publications

References 25 publications

Economic and Climatic Impacts of Different Peer-to-Peer Game Theoretic–Based Energy Trading Systems

Economic and Climatic Impacts of Different Peer-to-Peer Game Theoretic–Based Energy Trading Systems

Resilient Prosumer Scenario in a Changing Regulatory Environment—The UniRCon Solution

An Energy Box in a Cloud-Based Architecture for Autonomous Demand Response of Prosumers and Prosumages

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