Prosumer clustering into virtual microgrids for cost reduction in renewable energy trading markets

Vergados, Dimitrios J.; Mamounakis, Ioannis; Makris, Prodromos; Varvarigos, Emmanouel

doi:10.1016/j.segan.2016.06.002

Cited by 93 publications

(44 citation statements)

References 13 publications

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“…To provide frameworks and trajectories with the goal of establishing a more active role for electricity users in the energy system, a better understanding is needed as to what functions self‐consumption and the aggregation of electricity consumers on different scales will have in a future electricity system. Research has been conducted on the topics of energy autarky and self‐consumption on different scales, from individual buildings to neighborhoods and districts, as well as on the clustering of prosumers to optimize power grid operation and reduce costs . Community energy storage has been investigated in terms of economic benefits and possibilities to integrate renewable energy sources and demand‐side management .…”

Section: Introductionmentioning

confidence: 99%

“…Research has been conducted on the topics of energy autarky and self-consumption on different scales, from individual buildings to neighborhoods and districts, 22 as well as on the clustering of prosumers to optimize power grid operation and reduce costs. 23,24 Community energy storage has been investigated in terms of economic benefits and possibilities to integrate renewable energy sources and demand-side management. [25][26][27][28] There have also been studies on the interactions that occur on local markets, [29][30][31] the different energy carriers in a local energy community or energy hub, 32,33 and the effects of different load curves on neighborhood clusters.…”

Section: Introductionmentioning

confidence: 99%

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Organizing prosumers into electricity trading communities: Costs to attain electricity transfer limitations and self‐sufficiency goals

et al. 2019

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Summary Among household electricity end users, there is growing interest in local renewable electricity generation and energy independence. Community‐based and neighborhood energy projects, where consumers and prosumers of electricity trade their energy locally in a peer‐to‐peer system, have started to emerge in different parts of the world. This study investigates and compares the costs incurred by individual households and households organized in electricity trading communities in seeking to attain greater independence from the centralized electricity system. This independence is investigated with respect to: (i) the potential to reduce the electricity transfer capacity to and from the centralized system and (ii) the potential to increase self‐sufficiency. An optimization model is designed to analyze the investment and operation of residential photovoltaic battery systems. The model is then applied to different cases in a region of southern Sweden for year 2030. Utilizing measured electricity demand data for Swedish households, we show that with a reduced electricity transfer capacity to the centralized system, already a community of five residential prosumers can supply the household demand at lower cost than can prosumers acting individually. Grouping of residential prosumers in an electricity trading community confers greater benefits under conditions with a reduced electricity transfer capacity than when the goal is to become electricity self‐sufficient. It is important to consider the local utilization of photovoltaic‐generated electricity and its effect on the net trading pattern (to and from the centralized system) when discussing the impact on the electricity system of a high percentage of prosumers.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Organizing prosumers into electricity trading communities: Costs to attain electricity transfer limitations and self‐sufficiency goals

et al. 2019

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“…We introduce a game theory-based approach to optimize energy trading costs in a single VMG. This important area has not been reported in other studies investigating VMG such as [3], [4], [32], [33].…”

Section: System Modelmentioning

confidence: 77%

“…ij , 2: α ji , µ i , λ i τ , T consumer, prosumer and grid parameters 3: for τ = 1 to T do 4: Solve (32) to realize λ i τ as in (33) at τ th trading interval 5: Using the result in (32), solve (29) and (30), respectively 6: Obtain e ii from the solution of (29). producer energy consumption from the Stackelberg game.…”

Section: Social Welfare Of P2p Prosumers In Vmgmentioning

confidence: 99%

Energy Peer-to-Peer Trading in Virtual Microgrids in Smart Grids: A Game-Theoretic Approach

Anoh

Maharjan

Ikpehai

et al. 2020

IEEE Trans. Smart Grid

258

101

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In the UK, non-commodity charges account for 55-65% of energy bills [1] and network charges alone account for about 25% of that figure [2]. Peer-to-peer (P2P) energy trading offers a unique approach to produce and sell energy at the edge of the network and can help in reducing such charges. When these prosumers are coordinated using communication systems [3], [4], significant power network values could be achieved including reduced pollution and, increased energy network efficiency and security [5].Reliable communication systems play vital roles in smart grids [3], [6]. For example, communication infrastructure can be leveraged to regroup prosumers into logical clusters called virtual microgrids (VMGs) in order to improve performance and aid network management cost reduction [3], [4], [7].

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“…This simplifies the process of energy negotiation in electricity markets [8]. Moreover, if other players, such as Balance Responsible Parties (BRPs), exist in the network, the role of aggregator would be more efficient and important [9].…”

Section: Introductionmentioning

confidence: 99%

An Aggregation Model for Energy Resources Management and Market Negotiations

Abrishambaf¹,

Faria²,

Spínola³

et al. 2018

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

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Prosumer clustering into virtual microgrids for cost reduction in renewable energy trading markets

Cited by 93 publications

References 13 publications

Organizing prosumers into electricity trading communities: Costs to attain electricity transfer limitations and self‐sufficiency goals

Organizing prosumers into electricity trading communities: Costs to attain electricity transfer limitations and self‐sufficiency goals

Energy Peer-to-Peer Trading in Virtual Microgrids in Smart Grids: A Game-Theoretic Approach

An Aggregation Model for Energy Resources Management and Market Negotiations

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