A two‐stage multi microgrids p2p energy trading with motivational game‐theory: A case study in malaysia
Abstract Peer‐to‐peer (P2P) energy trading is expected to be emerged as a new energy management paradigm that allows the transaction of energy from one prosumer to another prosumer without any dependency on a central controller. In Malaysia, first pilot test of P2P trading has been conducted recentl...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
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Wiley
2021-09-01
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| Series: | IET Renewable Power Generation |
| Subjects: | |
| Online Access: | https://doi.org/10.1049/rpg2.12205 |
| _version_ | 1797995395701276672 |
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| author | Yu‐Hang Yap Wen‐Shan Tan Jinnie Wong Noor Azlinda Ahmad Chin‐Leong Wooi Yuan‐Kang Wu Aznan Ezraie Ariffin |
| author_facet | Yu‐Hang Yap Wen‐Shan Tan Jinnie Wong Noor Azlinda Ahmad Chin‐Leong Wooi Yuan‐Kang Wu Aznan Ezraie Ariffin |
| author_sort | Yu‐Hang Yap |
| collection | DOAJ |
| description | Abstract Peer‐to‐peer (P2P) energy trading is expected to be emerged as a new energy management paradigm that allows the transaction of energy from one prosumer to another prosumer without any dependency on a central controller. In Malaysia, first pilot test of P2P trading has been conducted recently, which exclusively participated by industrial prosumers and commercial consumers only. In order to investigate the impact of P2P energy trading to Malaysia market, this paper proposes an auction‐based two‐stage P2P trading market‐clearing strategy, for multi‐cities and intra‐city in Malaysia. A motivational game theory‐based price scheme is presented to ensure an unbiased market operation, to maximize the saving and payoff for each prosumer, at the same time benefits the power utility company. The proposed two‐stage market clearing model is solved by Linear Programming optimization approach. A realistic representation of P2P trading in Malaysia is constructed and tested out under multi‐cities and intra‐city energy trading test cases. Comparison between the proposed P2P energy trading with existing solar generation net metering scheme is also presented. The numerical results indicate the viability and potential of motivational game theory based P2P trading in future Malaysia transactive energy market. |
| first_indexed | 2024-04-11T10:00:55Z |
| format | Article |
| id | doaj.art-b58505a59d7d49ff8bf77b447a59bb21 |
| institution | Directory Open Access Journal |
| issn | 1752-1416 1752-1424 |
| language | English |
| last_indexed | 2024-04-11T10:00:55Z |
| publishDate | 2021-09-01 |
| publisher | Wiley |
| record_format | Article |
| series | IET Renewable Power Generation |
| spelling | doaj.art-b58505a59d7d49ff8bf77b447a59bb212022-12-22T04:30:25ZengWileyIET Renewable Power Generation1752-14161752-14242021-09-0115122615262810.1049/rpg2.12205A two‐stage multi microgrids p2p energy trading with motivational game‐theory: A case study in malaysiaYu‐Hang Yap0Wen‐Shan Tan1Jinnie Wong2Noor Azlinda Ahmad3Chin‐Leong Wooi4Yuan‐Kang Wu5Aznan Ezraie Ariffin6School of Engineering and Advance Engineering Platform Monash University Malaysia Jalan Lagoon Selatan Bandar Sunway Selangor 47500 MalaysiaSchool of Engineering and Advance Engineering Platform Monash University Malaysia Jalan Lagoon Selatan Bandar Sunway Selangor 47500 MalaysiaSchool of Engineering and Advance Engineering Platform Monash University Malaysia Jalan Lagoon Selatan Bandar Sunway Selangor 47500 MalaysiaSchool of Electrical Engineering Institute of High Voltage and High Current (IVAT) Universiti Teknologi Malaysia Johor Bahru Johor 81310 MalaysiaCentre of Excellence for Renewable Energy School of Electrical Systems Engineering Universiti Malaysia Perlis Pauh Putra Campus Arau Perlis MalaysiaNational Chung‐Cheng University Chiayi TaiwanTNB Research Sdn. Bhd. No. 1, Kawasan Institusi Penyelidikan, Jalan Ayer Itam Kajang Selangor 43000 MalaysiaAbstract Peer‐to‐peer (P2P) energy trading is expected to be emerged as a new energy management paradigm that allows the transaction of energy from one prosumer to another prosumer without any dependency on a central controller. In Malaysia, first pilot test of P2P trading has been conducted recently, which exclusively participated by industrial prosumers and commercial consumers only. In order to investigate the impact of P2P energy trading to Malaysia market, this paper proposes an auction‐based two‐stage P2P trading market‐clearing strategy, for multi‐cities and intra‐city in Malaysia. A motivational game theory‐based price scheme is presented to ensure an unbiased market operation, to maximize the saving and payoff for each prosumer, at the same time benefits the power utility company. The proposed two‐stage market clearing model is solved by Linear Programming optimization approach. A realistic representation of P2P trading in Malaysia is constructed and tested out under multi‐cities and intra‐city energy trading test cases. Comparison between the proposed P2P energy trading with existing solar generation net metering scheme is also presented. The numerical results indicate the viability and potential of motivational game theory based P2P trading in future Malaysia transactive energy market.https://doi.org/10.1049/rpg2.12205Game theoryOptimisation techniquesGame theoryDistributed power generationPower system management, operation and economicsPower engineering computing |
| spellingShingle | Yu‐Hang Yap Wen‐Shan Tan Jinnie Wong Noor Azlinda Ahmad Chin‐Leong Wooi Yuan‐Kang Wu Aznan Ezraie Ariffin A two‐stage multi microgrids p2p energy trading with motivational game‐theory: A case study in malaysia IET Renewable Power Generation Game theory Optimisation techniques Game theory Distributed power generation Power system management, operation and economics Power engineering computing |
| title | A two‐stage multi microgrids p2p energy trading with motivational game‐theory: A case study in malaysia |
| title_full | A two‐stage multi microgrids p2p energy trading with motivational game‐theory: A case study in malaysia |
| title_fullStr | A two‐stage multi microgrids p2p energy trading with motivational game‐theory: A case study in malaysia |
| title_full_unstemmed | A two‐stage multi microgrids p2p energy trading with motivational game‐theory: A case study in malaysia |
| title_short | A two‐stage multi microgrids p2p energy trading with motivational game‐theory: A case study in malaysia |
| title_sort | two stage multi microgrids p2p energy trading with motivational game theory a case study in malaysia |
| topic | Game theory Optimisation techniques Game theory Distributed power generation Power system management, operation and economics Power engineering computing |
| url | https://doi.org/10.1049/rpg2.12205 |
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