Multi-Objective Approach for Managing Uncertain Delivery from Renewable Energy Sources within a Peer-to-Peer Energy Balancing Architecture
On the energy markets, conscious customers may exist who are not only interested in minimising the cost of energy purchase, but, simultaneously, in optimising some other quality criteria (arising from ecological concerns, or social responsibility of the energy producers). In this paper, we develop b...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-01-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/15/3/675 |
| _version_ | 1797488276814168064 |
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| author | Mariusz Drabecki Eugeniusz Toczyłowski |
| author_facet | Mariusz Drabecki Eugeniusz Toczyłowski |
| author_sort | Mariusz Drabecki |
| collection | DOAJ |
| description | On the energy markets, conscious customers may exist who are not only interested in minimising the cost of energy purchase, but, simultaneously, in optimising some other quality criteria (arising from ecological concerns, or social responsibility of the energy producers). In this paper, we develop both a mathematical optimisation problem and a market framework for balancing a power system in a peer-to-peer market setup, where product differentiation can be considered directly on the market. Thus, origins of energy may be clearly identified, and product quality characteristics can be understood by various actors (including households). We derive a multi-objective (mixed-integer) linear programming optimisation problem for balancing the energy system in a peer-to-peer energy trading environment, where not only the cost but also other additional quality criteria are considered. We have identified many possible actors to be present within the proposed market setup. They include consumers, producers, brokers and flexible prosumers with storage. The approach was tested on the IEEE 30-bus standard test system, over three different scenarios, by analysing the impact of various actors/peers activities and different extensions. It has been shown that a multi-objective energy balancing scheme may be developed through crafted optimisation problem and that each type of studied peers may bring some added value to the power system balancing. |
| first_indexed | 2024-03-10T00:00:48Z |
| format | Article |
| id | doaj.art-d95b8ba76d98425da5d67f1c5dddcd3d |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T00:00:48Z |
| publishDate | 2022-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-d95b8ba76d98425da5d67f1c5dddcd3d2023-11-23T16:18:03ZengMDPI AGEnergies1996-10732022-01-0115367510.3390/en15030675Multi-Objective Approach for Managing Uncertain Delivery from Renewable Energy Sources within a Peer-to-Peer Energy Balancing ArchitectureMariusz Drabecki0Eugeniusz Toczyłowski1Institute of Control and Computation Engineering, Warsaw University of Technology, 15/19 Nowowiejska Str., 00-665 Warszawa, PolandInstitute of Control and Computation Engineering, Warsaw University of Technology, 15/19 Nowowiejska Str., 00-665 Warszawa, PolandOn the energy markets, conscious customers may exist who are not only interested in minimising the cost of energy purchase, but, simultaneously, in optimising some other quality criteria (arising from ecological concerns, or social responsibility of the energy producers). In this paper, we develop both a mathematical optimisation problem and a market framework for balancing a power system in a peer-to-peer market setup, where product differentiation can be considered directly on the market. Thus, origins of energy may be clearly identified, and product quality characteristics can be understood by various actors (including households). We derive a multi-objective (mixed-integer) linear programming optimisation problem for balancing the energy system in a peer-to-peer energy trading environment, where not only the cost but also other additional quality criteria are considered. We have identified many possible actors to be present within the proposed market setup. They include consumers, producers, brokers and flexible prosumers with storage. The approach was tested on the IEEE 30-bus standard test system, over three different scenarios, by analysing the impact of various actors/peers activities and different extensions. It has been shown that a multi-objective energy balancing scheme may be developed through crafted optimisation problem and that each type of studied peers may bring some added value to the power system balancing.https://www.mdpi.com/1996-1073/15/3/675peer-to-peer energy sharingenergy tradeenergy policymarket architectureproduct differentiationmulti-commodity offers |
| spellingShingle | Mariusz Drabecki Eugeniusz Toczyłowski Multi-Objective Approach for Managing Uncertain Delivery from Renewable Energy Sources within a Peer-to-Peer Energy Balancing Architecture Energies peer-to-peer energy sharing energy trade energy policy market architecture product differentiation multi-commodity offers |
| title | Multi-Objective Approach for Managing Uncertain Delivery from Renewable Energy Sources within a Peer-to-Peer Energy Balancing Architecture |
| title_full | Multi-Objective Approach for Managing Uncertain Delivery from Renewable Energy Sources within a Peer-to-Peer Energy Balancing Architecture |
| title_fullStr | Multi-Objective Approach for Managing Uncertain Delivery from Renewable Energy Sources within a Peer-to-Peer Energy Balancing Architecture |
| title_full_unstemmed | Multi-Objective Approach for Managing Uncertain Delivery from Renewable Energy Sources within a Peer-to-Peer Energy Balancing Architecture |
| title_short | Multi-Objective Approach for Managing Uncertain Delivery from Renewable Energy Sources within a Peer-to-Peer Energy Balancing Architecture |
| title_sort | multi objective approach for managing uncertain delivery from renewable energy sources within a peer to peer energy balancing architecture |
| topic | peer-to-peer energy sharing energy trade energy policy market architecture product differentiation multi-commodity offers |
| url | https://www.mdpi.com/1996-1073/15/3/675 |
| work_keys_str_mv | AT mariuszdrabecki multiobjectiveapproachformanaginguncertaindeliveryfromrenewableenergysourceswithinapeertopeerenergybalancingarchitecture AT eugeniusztoczyłowski multiobjectiveapproachformanaginguncertaindeliveryfromrenewableenergysourceswithinapeertopeerenergybalancingarchitecture |