Blockchain-based Peer-to-Peer Transactive Energy System for Community Microgrid with Demand Response Management

【Author】 Bokkisam, Hanumantha Rao; Singh, Shashank; Acharya, Ritesh Mohan; Selvan, M. P.

【Source】CSEE JOURNAL OF POWER AND ENERGY SYSTEMS

【影响因子】6.014

【Abstract】Interest in transactive energy frameworks (TEFs) is proliferating due to the modern smart grid paradigm. This paper proposes a TEF, which applies auction-theory, incorporates a system of agents, and facilitates a transactive energy market (TEM) through an auctioneer. Further, it also enables peer-to-peer (P2P) energy trading among the residential buildings in community microgrid for possible monetary benefits. In this framework, there are three agents, namely, auctioneer, participants, and utility. The auctioneer is a managing agent modeled using auction theory to determine day-ahead internal market-clearing price and quantity. The participants are autonomous and rational decision-makers; they aim to minimize their electricity bills through the demand response (DR) management. Two types of architectures, one with the third-party agent demonstrated using the MATLAB environment and the other with the virtual agent (without third-party) implemented using the blockchain environment are presented. The simulation results reflect significant monetary benefits to each market participant, improved community self-sufficiency, self-consumption, and reduced reliance on the utility grid.

【Keywords】Blockchain; demand response; optimization; P2P energy trading; smart contracts and transactive energy

【发表时间】2022 JAN

【收录时间】2022-02-03

【文献类型】期刊

【主题类别】

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