Intraday Residential Demand Response Scheme Based on Peer-to-Peer Energy Trading

The intermittency introduced by the increasing integration of distributed renewable energy sources is challenging the efficient operation of residential distribution systems. A promising solution to tackle this challenge is the implementation of residential demand response through responsive househo...

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Published inIEEE transactions on industrial informatics Vol. 16; no. 3; pp. 1823 - 1835
Main Authors Liu, Weijia, Qi, Donglian, Wen, Fushuan
Format Journal Article
LanguageEnglish
Published Piscataway IEEE 01.03.2020
The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects
Biological system modeling
Demand
Demand response
distributed energy resources
Disturbances
Economic impact
electricity market
Energy
Energy management
Energy resources
Energy storage
Heat pumps
Home appliances
Household appliances
Houses
intraday market
Load management
Peer-to-peer computing
peer-to-peer energy trading
Refrigeration
Renewable energy sources
Residential energy
Schedules
Storage units
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Abstract The intermittency introduced by the increasing integration of distributed renewable energy sources is challenging the efficient operation of residential distribution systems. A promising solution to tackle this challenge is the implementation of residential demand response through responsive household appliances such as heat pumps, refrigeration devices, and energy storage units. In this article, a peer-to-peer energy trading platform among residential houses is proposed to coordinate demand response schemes and level off potential generation/consumption disturbances in the hour-ahead intraday context. First, the day-ahead and intraday energy management models for residential houses are established considering the characteristics of responsive household appliances and energy storages. The discomfort and possible economic losses for performing demand responses are quantified with respect to the risk preferences of residential customers. The peer-to-peer energy trading platform is developed and a double-auction mechanism employed to promote the collaborative demand response schemes in the face of disturbances. An optimal bidding strategy of residential houses is also proposed. The feasibility of the proposed models and bidding strategy are verified through case studies. It is also illustrated that the residential demand response schemes and intraday peer-to-peer energy trading are effective in managing the uncertainties of load demand and renewable generation.
AbstractList The intermittency introduced by the increasing integration of distributed renewable energy sources is challenging the efficient operation of residential distribution systems. A promising solution to tackle this challenge is the implementation of residential demand response through responsive household appliances such as heat pumps, refrigeration devices, and energy storage units. In this article, a peer-to-peer energy trading platform among residential houses is proposed to coordinate demand response schemes and level off potential generation/consumption disturbances in the hour-ahead intraday context. First, the day-ahead and intraday energy management models for residential houses are established considering the characteristics of responsive household appliances and energy storages. The discomfort and possible economic losses for performing demand responses are quantified with respect to the risk preferences of residential customers. The peer-to-peer energy trading platform is developed and a double-auction mechanism employed to promote the collaborative demand response schemes in the face of disturbances. An optimal bidding strategy of residential houses is also proposed. The feasibility of the proposed models and bidding strategy are verified through case studies. It is also illustrated that the residential demand response schemes and intraday peer-to-peer energy trading are effective in managing the uncertainties of load demand and renewable generation.
Author Qi, Donglian
Wen, Fushuan
Liu, Weijia
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  givenname: Fushuan
  orcidid: 0000-0002-6838-2602
  surname: Wen
  fullname: Wen, Fushuan
  email: fushuan.wen@gmail.com
  organization: College of Electrical Engineering, Zhejiang University, Hangzhou, China
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Snippet The intermittency introduced by the increasing integration of distributed renewable energy sources is challenging the efficient operation of residential...
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SubjectTerms Biological system modeling
Demand
Demand response
distributed energy resources
Disturbances
Economic impact
electricity market
Energy
Energy management
Energy resources
Energy storage
Heat pumps
Home appliances
Household appliances
Houses
intraday market
Load management
Peer-to-peer computing
peer-to-peer energy trading
Refrigeration
Renewable energy sources
Residential energy
Schedules
Storage units
Title Intraday Residential Demand Response Scheme Based on Peer-to-Peer Energy Trading
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