Prosumer Community: A Risk Aversion Energy Sharing Model

• Published in: IEEE transactions on sustainable energy Vol. 11; no. 2; pp. 828 - 838
• Main Authors: Cui, Shichang, Wang, Yan-Wu, Li, Chaojie, Xiao, Jiang-Wen
• Format: Journal Article
• Language: English
• Published: Piscataway IEEE 01.04.2020; The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
• Subjects: Algorithms; Aversion; Blockchain; Clean technology; community photovoltaic; Cryptography; Energy conservation; Energy costs; Energy efficiency; Energy industry; Energy management; Energy resources; energy sharing; Energy sources; Game theory; Games; Photovoltaic systems; Photovoltaics; Power efficiency; Prosumer; Real-time systems; Relaxation method (mathematics); Renewable energy; Risk aversion; Risk levels; stochastic game; Stochastic processes; Stochasticity; Sustainable development; SWAA equilibrium; Technology
• ISSN: 1949-3029; 1949-3037
• DOI: 10.1109/TSTE.2019.2909301

Household photovoltaic (HPV) prosumers and the community photovoltaic (CPV) system have been growing rapidly with the development of the sustainable technology. The uncertainties of these distributed renewable energy resources bring a significant challenge to the design of power-market mechanism and the energy dispatch of the power system for promoting energy efficiency. It is essential to develop a novel efficient energy management strategy for addressing this challenge from the perspective of community prosumers. Accordingly, a risk aversion energy sharing model based on a devised local energy market is presented. A stochastic game is established to minimize prosumers' energy costs and the weighted conditional value-at-risk of energy sharing loss of uncertain CPV through optimal energy sharing profiles. The household loads and HPV outputs are considered as stochastic parameters in the game model. Moreover, a sample weighted average approximation (SWAA) method is proposed for a better estimation of the stochastic game while the SWAA equilibrium is obtained by a relaxation method-based algorithm with theoretical proof. In addition, the blockchain technology is introduced as a distributed and secure way to facilitate the energy sharing model. The case studies show the efficiency of the proposed energy sharing model and the algorithm.