Energy Exchange Strategy for Local Energy Markets with Heterogenous Renewable Sources

Spasova, Borislava; Kawamoto, Daisuke; Takefuji, Yoshiyasu

doi:10.1109/eeeic.2018.8494458

Cited by 5 publications

(26 citation statements)

References 8 publications

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“…Liu et al [28] proposed a P2P energy sharing scheme with demand response and dynamic pricing coordinated by a central virtual entity. Spasova et al [29] focused on trading within microgrids with heterogeneous types of renewable energy resources. Morstyn and McCulloch [30] proposed a P2P energy trading scheme where prosumers may have heterogeneous preferences on their energy usage.…”

Section: Literature Reviewmentioning

confidence: 99%

Green hope or red herring? Examining consumer perceptions of peer-to-peer energy trading in the United Kingdom

Pumphrey

Walker

Andoni

et al. 2020

Energy Research & Social Science

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Across the globe, electricity sectors have seen a relatively large increase in the number of installations of small renewable energy systems, leading to an interest in the potential role of the prosumer. These prosumers (producers and consumers of electricity) could help drive electricity sector transformation, but at present electricity trading is associated with a lack of control and power held by consumers. Peer-to-peer trading schemes between energy consumers are increasingly being reported in the trade press as a new way to empower consumers, especially since the advent of blockchain, an emergent technology that could facilitate the adoption of such schemes. Research to understand how and why electricity trading occurs has received little attention within literature thus far. In this study we investigated the existing elements of electricity trading. A total of 16 structured interviews with domestic consumers, business consumers, domestic prosumers and business prosumers were undertaken. All interviews identified ease of payment as a key theme for electricity trading (although we note that ease may be in tension with sustainability and greater awareness of energy-related environmental impacts). Consumer interviews also identified lack of engagement with the process of receiving energy, and cost, as key themes. Prosumer interviews identified positive associations with power, and personal and business image, as key themes. Therefore, it is recommended that these factors be incorporated into the user interface of blockchain systems, to potentially increase adoption for peer-to-peer trading.

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Section: Literature Reviewmentioning

confidence: 99%

Green hope or red herring? Examining consumer perceptions of peer-to-peer energy trading in the United Kingdom

Pumphrey

Walker

Andoni

et al. 2020

Energy Research & Social Science

View full text Add to dashboard Cite

show abstract

“…As stated in previous works [1], a prototype, following the Wang's approach was developed, which focuses on developing a platform for trading between members of one microgrid. The base concept design allows in the future to expand the market by trading with neighbouring microgrids as well.…”

Section: Research Backgroundmentioning

confidence: 99%

“…The following paragraph focuses only on the ones that have major implication for the research, subject of this paper. For more detailed list, please refer to the cited paper [1].…”

Section: Design Assumptions and Limitationsmentioning

confidence: 99%

“…This paper is written as an extension of the work titled "Energy exchange strategy for local energy markets with heterogeneous renewable sources", presented at the 2018 IEEE International Conference on Environment and Electrical Engineering and 2018 Industrial and Commercial Power Systems [1] in Palermo, Italy.…”

Section: Introductionmentioning

confidence: 99%

“…The paper [1], on which the research presented here is based, studied the impact of introducing a new power source, in this case a hydrogen fuel cells, on already existing on a local energy market with renewables and batteries. The prototype, used for the analysis was built upon and existing system, the Open Energy Systems (OES) [6], operating it real world microgrid in Okinawa, Japan.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Evaluation of the Effects of Bidding Strategy with Customized Pricing on the Individual Prosumer in a Local Energy Market

Spasova¹,

Kawamoto²,

Takefuji³

2019

Adv. sci. technol. eng. syst. j.

Self Cite

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Peer-to-peer (P2P) energy trading is a mechanism that allows people to share locally the energy they have generated from distributed renewable resources (DER), to generate profit form the unused resources and to reduce the cost for electricity for the household and in the community itself. This calls for the design of new energy markets, accompanied with the development of comprehensive exchange strategies, which reflect both the consumer?s preferences and the heterogeneity of the renewable sources. The paper presents a study of the behavior patterns of individual prosumers using bidding strategies based on the State-of-Charge of the battery and two different pricing algorithm, one with fixed prices and one based on the battery price of each standalone system as well as the effect such patterns have on a local energy market with solar panels, fuels cells and batteries. The evaluation is achieved by the use of a prototype based on the Open Energy Systems (OES), a community in Okinawa, Japan, made of 19 interconnected houses with residential storage, photovoltaic cells and AC grid connection. In order to simulate heterogeneity, a fuel cell, modeled after Ene-Farm, is added to the original configuration. Each house has a power flow management system, which uses a priority-based algorithm to maintain demand-response efficiency, capable of scheduling the operating hours of the available fuels cells. The energy market is based on Zaraba, a continuous double auction algorithm used by the Japanese Stock Exchange, in which prosumer can bid for a desired amount and price of electricity for a 30-minutes time slot in the future The preliminary numerical evaluation is based on the results from several simulations using different versions of the bidding agent.

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Day-ahead Energy Sharing Schedule for the P2P Prosumer Community Using LSTM and Swarm Intelligence

Zou

Munir

Kim

et al. 2020

2020 International Conference on Information Networking (ICOIN)

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Energy Exchange Strategy for Local Energy Markets with Heterogenous Renewable Sources

Cited by 5 publications

References 8 publications

Green hope or red herring? Examining consumer perceptions of peer-to-peer energy trading in the United Kingdom

Green hope or red herring? Examining consumer perceptions of peer-to-peer energy trading in the United Kingdom

Evaluation of the Effects of Bidding Strategy with Customized Pricing on the Individual Prosumer in a Local Energy Market

Day-ahead Energy Sharing Schedule for the P2P Prosumer Community Using LSTM and Swarm Intelligence

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