Transactive energy framework in multi-carrier energy hubs: A fully decentralized model

Javadi, Mohammad Sadegh; Nezhad, Ali Esmaeel; Jordehi, Ahmad Rezaee; Gough, Matthew; Santos, Sérgio F.; Catalão, João P.S.

doi:10.1016/j.energy.2021.121717

Cited by 92 publications

(18 citation statements)

References 33 publications

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“…This led to the idea of using an MG managed by an energy hub operator internally, having only a single connection point to the utility grids for gas and electricity. The assumption is based on [7]. Besides the legal aspect, [8] finds that sharing a Renewable energy system (RES) might make even better use of diverse demand and generation patterns.…”

Section: Model Specificationmentioning

confidence: 99%

Cost Optimization Model and Management Strategies for Distributed Energy Resources in Industrial Microgrids

Joel¹,

Rogawski²,

Madlener³

2022

Preprint

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This study applies a distributed energy resources scheme on industrial microgrids and provides a case study that is based on the Component-oriented Modeling and Optimization for Nonlinear Design and Operation (COMANDO). The model comprises distributed energy resources commonly used by industrial enterprises (i.e., solar power, combined-heatand-power, heat pumps), energy storage systems, and management strategies (peer-to-peer trading, bulk purchasing). To demonstrate the model, a case study is conducted for a real-world industrial area in Germany. We find that the economic impact of the various strategies is highly dependent on the specific demand curves. However, combining the DER and the stated management strategies is always profitable and leads to reductions of a global warming index used as an ecological indicator.

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Section: Model Specificationmentioning

confidence: 99%

Cost Optimization Model and Management Strategies for Distributed Energy Resources in Industrial Microgrids

Joel¹,

Rogawski²,

Madlener³

2022

Preprint

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“…In P2P, two or more SG-connected prosumers and consumers transact energy without the involvement of grid or utility companies [8]. Numerous research work has already been done in this regard [9][10][11][12][13]. Javadi et al [9] analyzed a fully decentralized model for energy trading inside a Transactive Energy Management (TEM) system and presented a P2P trading framework.…”

Section: Introductionmentioning

confidence: 99%

“…Numerous research work has already been done in this regard [9][10][11][12][13]. Javadi et al [9] analyzed a fully decentralized model for energy trading inside a Transactive Energy Management (TEM) system and presented a P2P trading framework. Consumers receive get a good offer from prosumers at a reasonable price in a decentralized system.…”

Section: Introductionmentioning

confidence: 99%

Blockchain-Based Peer-to-Peer Transactive Energy Management Scheme for Smart Grid System

Kumari

Sukharamwala

Tanwar

et al. 2022

Sensors

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In Smart Grid (SG), Transactive Energy Management (TEM) is one of the most promising approaches to boost consumer participation in energy generation, energy management, and establishing decentralized energy market models using Peer-to-Peer (P2P). In P2P, a prosumer produces electric energy at their place using Renewable Energy Resources (RES) such as solar energy, wind energy, etc. Then, this generated energy is traded with consumers (who need the energy) in a nearby locality. P2P facilitates energy exchange in localized micro-energy markets of the TEM system. Such decentralized P2P energy management could cater to diverse prosumers and utility business models. However, the existing P2P approaches suffer from several issues such as single-point-of-failure, network bandwidth, scalability, trust, and security issues. To handle the aforementioned issues, this paper proposes a Decentralized and Transparent P2P Energy Trading (DT-P2PET) scheme using blockchain. The proposed DT-P2PET scheme aims to reduce the grid’s energy generation and management burden while also increasing profit for both consumers and prosumers through a dynamic pricing mechanism. The DT-P2PET scheme uses Ethereum-blockchain-based Smart Contracts (SCs) and InterPlanetary File System (IPFS) for the P2P energy trading. Furthermore, a recommender mechanism is also introduced in this study to increase the number of prosumers. The Ethereum SCs are designed and deployed to perform P2P in real time in the proposed DT-P2PET scheme. The DT-P2PET scheme is evaluated based on the various parameters such as profit generation (for prosumer and consumer both), data storage cost, network bandwidth, and data transfer rate in contrast to the existing approaches.

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“…The main target of [30] is to minimize the peak load demand and reduce the electricity bills. Authors in [31] proposed a P2P energy trading between industrial, commercial, and residential energy hubs in the distribution system. The main objective of [31] is to minimize the energy cost; however, their system didn't consider the health of the batteries in the optimization process.…”

Section: Introductionmentioning

confidence: 99%

“…Authors in [31] proposed a P2P energy trading between industrial, commercial, and residential energy hubs in the distribution system. The main objective of [31] is to minimize the energy cost; however, their system didn't consider the health of the batteries in the optimization process. Authors in [32] proposed a P2P EMS for a community consisting of 5 prosumers, which aims to reduce the bill cost.…”

Section: Introductionmentioning

confidence: 99%

Enhancing PV Self-Consumption Within an Energy Community Using MILP-Based P2P Trading

et al. 2022

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The high penetration of Distributed Energy Resources (DERs) into the demand side has led to an increase in the number of consumers becoming prosumers. Recently, Peer-to-Peer (P2P) energy trading has gained increased popularity as it is considered an effective approach for managing DERs and offering local market solutions. This paper presents a P2P Energy Management System (EMS) that aims to reduce the absolute net energy exchange with the utility by exploiting two days-ahead energy forecast and allowing the exchange of the surplus energy among prosumers. Mixed-Integer Linear Programming (MILP) is used to schedule the day-ahead household battery energy exchange with the utility and other prosumers. The proposed system is tested using the measured data for a community of six houses located in London, UK. The proposed P2P EMS

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Transactive energy framework in multi-carrier energy hubs: A fully decentralized model

Cited by 92 publications

References 33 publications

Cost Optimization Model and Management Strategies for Distributed Energy Resources in Industrial Microgrids

Cost Optimization Model and Management Strategies for Distributed Energy Resources in Industrial Microgrids

Blockchain-Based Peer-to-Peer Transactive Energy Management Scheme for Smart Grid System

Enhancing PV Self-Consumption Within an Energy Community Using MILP-Based P2P Trading

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