Towards the Design of P2P Energy Trading Scheme Based on Optimal Energy Scheduling for Prosumers
The peer-to-peer (P2P) energy trading is anchored in more efficient usage of electric power by allowing excess electric power from energy prosumers to be harnessed by other end-users. To boost the P2P energy trading, it is of pivotal significance to call on energy prosumers and end-users to actively...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-10-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/13/19/5177 |
| _version_ | 1797551772558950400 |
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| author | Koo-Hyung Chung Don Hur |
| author_facet | Koo-Hyung Chung Don Hur |
| author_sort | Koo-Hyung Chung |
| collection | DOAJ |
| description | The peer-to-peer (P2P) energy trading is anchored in more efficient usage of electric power by allowing excess electric power from energy prosumers to be harnessed by other end-users. To boost the P2P energy trading, it is of pivotal significance to call on energy prosumers and end-users to actively participate in the trading while sharing information with a greater degree of freedom. In this perspective, this paper purports to implement the P2P energy trading scheme with an optimization model to assist in energy prosumers’ decisions by reckoning on hourly electric power available in the trading via the optimal energy scheduling of the energy trading and sharing system (ETS). On a purely practical level, it is assumed that all trading participants neither join the separate bidding processes nor are forced to comply with the predetermined optimal schedules for a trading period. Furthermore, this paper will be logically elaborated with reference to not only the determination of transaction price for maximizing the benefits of consumers under the different electricity rates but the establishment of additional settlement standards for bridging an imperative gap between optimally planned and actually transacted quantities of the P2P energy trading. |
| first_indexed | 2024-03-10T15:49:47Z |
| format | Article |
| id | doaj.art-6d19889f70f24298ba2d3c33a66e6b89 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T15:49:47Z |
| publishDate | 2020-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-6d19889f70f24298ba2d3c33a66e6b892023-11-20T16:06:40ZengMDPI AGEnergies1996-10732020-10-011319517710.3390/en13195177Towards the Design of P2P Energy Trading Scheme Based on Optimal Energy Scheduling for ProsumersKoo-Hyung Chung0Don Hur1Smart Grid Research Division, Korea Electrotechnology Research Institute, 12 Bulmosan-ro 10beon-gil, Seongsan-gu, Changwon-si 51543, KoreaDepartment of Electrical Engineering, Kwangwoon University, 20 Kwangwoon-ro, Nowon-gu, Seoul 01897, KoreaThe peer-to-peer (P2P) energy trading is anchored in more efficient usage of electric power by allowing excess electric power from energy prosumers to be harnessed by other end-users. To boost the P2P energy trading, it is of pivotal significance to call on energy prosumers and end-users to actively participate in the trading while sharing information with a greater degree of freedom. In this perspective, this paper purports to implement the P2P energy trading scheme with an optimization model to assist in energy prosumers’ decisions by reckoning on hourly electric power available in the trading via the optimal energy scheduling of the energy trading and sharing system (ETS). On a purely practical level, it is assumed that all trading participants neither join the separate bidding processes nor are forced to comply with the predetermined optimal schedules for a trading period. Furthermore, this paper will be logically elaborated with reference to not only the determination of transaction price for maximizing the benefits of consumers under the different electricity rates but the establishment of additional settlement standards for bridging an imperative gap between optimally planned and actually transacted quantities of the P2P energy trading.https://www.mdpi.com/1996-1073/13/19/5177peer-to-peer (P2P) energy tradingoptimal energy schedulingenergy prosumerdistributed energy resourceconsumer surplus |
| spellingShingle | Koo-Hyung Chung Don Hur Towards the Design of P2P Energy Trading Scheme Based on Optimal Energy Scheduling for Prosumers Energies peer-to-peer (P2P) energy trading optimal energy scheduling energy prosumer distributed energy resource consumer surplus |
| title | Towards the Design of P2P Energy Trading Scheme Based on Optimal Energy Scheduling for Prosumers |
| title_full | Towards the Design of P2P Energy Trading Scheme Based on Optimal Energy Scheduling for Prosumers |
| title_fullStr | Towards the Design of P2P Energy Trading Scheme Based on Optimal Energy Scheduling for Prosumers |
| title_full_unstemmed | Towards the Design of P2P Energy Trading Scheme Based on Optimal Energy Scheduling for Prosumers |
| title_short | Towards the Design of P2P Energy Trading Scheme Based on Optimal Energy Scheduling for Prosumers |
| title_sort | towards the design of p2p energy trading scheme based on optimal energy scheduling for prosumers |
| topic | peer-to-peer (P2P) energy trading optimal energy scheduling energy prosumer distributed energy resource consumer surplus |
| url | https://www.mdpi.com/1996-1073/13/19/5177 |
| work_keys_str_mv | AT koohyungchung towardsthedesignofp2penergytradingschemebasedonoptimalenergyschedulingforprosumers AT donhur towardsthedesignofp2penergytradingschemebasedonoptimalenergyschedulingforprosumers |