Peer-to-Peer Energy Trading Among Networked Microgrids Considering the Complementary Nature of Wind and PV Solar Energy

Peer-to-peer (P2P) energy trading is a next-generation energy management technique that economically benefits proactive consumers (prosumers) transacting their energy as goods and services. However, the deployment of P2P trading for networked microgrids (MGs) poses a number of challenges particularl...

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Bibliographic Details
Published in2023 IEEE PES Conference on Innovative Smart Grid Technologies - Middle East (ISGT Middle East) pp. 1 - 5
Main Authors Michon, David, Masaud, Tarek Medalel
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.03.2023
Subjects
Microgrids
Networked Microgrids
P2P Trading
Pricing
PV Solar and Wind Energy
Simulation
Solar energy
Transactive energy
Voltage
Wind energy
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Summary:Peer-to-peer (P2P) energy trading is a next-generation energy management technique that economically benefits proactive consumers (prosumers) transacting their energy as goods and services. However, the deployment of P2P trading for networked microgrids (MGs) poses a number of challenges particularly in modeling a fair negotiation and pricing mechanism. In this paper, a multi-agent based- P2P energy trading model for interconnected microgrids is developed in a day-ahead market. Furthermore, the study investigates the impact of the complementary nature between the PV-based MG and Wind-based MG on the trading mechanism. Simulation results have confirmed the effectiveness of the proposed model.
DOI:10.1109/ISGTMiddleEast56437.2023.10078483