A model of P2P energy trading for active distribution network based on cooperative game
With the gradual expansion of the scale of distributed generation networks, the operation control of distribution networks is facing the challenges of overload, tremendous loss, and low efficiency. In order to solve these problems, this project introduces the concept of Agent to manage the power con...
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| Format: | Thesis-Master by Coursework |
| Language: | English |
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Nanyang Technological University
2022
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| Online Access: | https://hdl.handle.net/10356/155392 |
| _version_ | 1824454257247518720 |
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| author | Li, Yiyang |
| author2 | Soong Boon Hee |
| author_facet | Soong Boon Hee Li, Yiyang |
| author_sort | Li, Yiyang |
| collection | NTU |
| description | With the gradual expansion of the scale of distributed generation networks, the operation control of distribution networks is facing the challenges of overload, tremendous loss, and low efficiency. In order to solve these problems, this project introduces the concept of Agent to manage the power consumption and transaction in local areas and establishes a Peer-to-Peer (P2P) energy trading framework where Agents work as transaction individuals representing residential electric power consumers. Here, users can choose whether to trade with a power grid company or other users from the perspective of economic interests. After realizing the optimization of overall economic benefit, the interest conflict between agents is solved by a multiperiod Nash Bargaining theory, which is a cooperative game theory. Finally, based on this framework, the effectiveness of the new model and algorithm is verified by the simulation of the IEEE 37-bus distribution network on MATLAB. The overall relative cost reduction is 13.82%, and users’ demand load curve becomes flattened in the simulation experiment.
Keywords: Transactive energy, P2P energy trading, PV system, Energy storage system, Nash Bargaining theory. |
| first_indexed | 2025-02-19T03:19:26Z |
| format | Thesis-Master by Coursework |
| id | ntu-10356/155392 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2025-02-19T03:19:26Z |
| publishDate | 2022 |
| publisher | Nanyang Technological University |
| record_format | dspace |
| spelling | ntu-10356/1553922023-07-04T17:08:59Z A model of P2P energy trading for active distribution network based on cooperative game Li, Yiyang Soong Boon Hee School of Electrical and Electronic Engineering EBHSOONG@ntu.edu.sg Engineering::Electrical and electronic engineering::Electric power::Production, transmission and distribution With the gradual expansion of the scale of distributed generation networks, the operation control of distribution networks is facing the challenges of overload, tremendous loss, and low efficiency. In order to solve these problems, this project introduces the concept of Agent to manage the power consumption and transaction in local areas and establishes a Peer-to-Peer (P2P) energy trading framework where Agents work as transaction individuals representing residential electric power consumers. Here, users can choose whether to trade with a power grid company or other users from the perspective of economic interests. After realizing the optimization of overall economic benefit, the interest conflict between agents is solved by a multiperiod Nash Bargaining theory, which is a cooperative game theory. Finally, based on this framework, the effectiveness of the new model and algorithm is verified by the simulation of the IEEE 37-bus distribution network on MATLAB. The overall relative cost reduction is 13.82%, and users’ demand load curve becomes flattened in the simulation experiment. Keywords: Transactive energy, P2P energy trading, PV system, Energy storage system, Nash Bargaining theory. Master of Science (Communications Engineering) 2022-02-22T00:22:43Z 2022-02-22T00:22:43Z 2021 Thesis-Master by Coursework Li, Y. (2021). A model of P2P energy trading for active distribution network based on cooperative game. Master's thesis, Nanyang Technological University, Singapore. https://hdl.handle.net/10356/155392 https://hdl.handle.net/10356/155392 en ISM-DISS-01122 application/pdf Nanyang Technological University |
| spellingShingle | Engineering::Electrical and electronic engineering::Electric power::Production, transmission and distribution Li, Yiyang A model of P2P energy trading for active distribution network based on cooperative game |
| title | A model of P2P energy trading for active distribution network based on cooperative game |
| title_full | A model of P2P energy trading for active distribution network based on cooperative game |
| title_fullStr | A model of P2P energy trading for active distribution network based on cooperative game |
| title_full_unstemmed | A model of P2P energy trading for active distribution network based on cooperative game |
| title_short | A model of P2P energy trading for active distribution network based on cooperative game |
| title_sort | model of p2p energy trading for active distribution network based on cooperative game |
| topic | Engineering::Electrical and electronic engineering::Electric power::Production, transmission and distribution |
| url | https://hdl.handle.net/10356/155392 |
| work_keys_str_mv | AT liyiyang amodelofp2penergytradingforactivedistributionnetworkbasedoncooperativegame AT liyiyang modelofp2penergytradingforactivedistributionnetworkbasedoncooperativegame |