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Author:

Zhang, Bidan (Zhang, Bidan.) | Du, Yang (Du, Yang.) | Chen, Xiaoyang (Chen, Xiaoyang.) | Lim, Eng Gee (Lim, Eng Gee.) | Jiang, Lin (Jiang, Lin.) | Yan, Ke (Yan, Ke.)

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Abstract:

The increasing number of residential buildings that are installing distributed energy resources enforces the need for schemes to facilitate a local energy balance. With the continuing evolution of Internet of Things (IoT) technology, Peer-to-Peer (P2P) energy trading is becoming a viable solution to incentivize prosumers and promote efficient energy sharing in a community. This paper develops a model to quantitatively analyze the potential benefits of P2P energy trading for residential buildings that have installed photovoltaic battery systems. The integration of the bidding strategy into a residential energy-management system is feasible to realize cost savings for prosumers. However, the coordination between the bidding strategy and the optimal scheduling of energy has received far too little attention. To better participate in the P2P market, we propose a novel separate bidding energy-management system (SBEMS) that can realize rolling optimal energy scheduling while determining energy bids. The model's effectiveness is verified via case studies of 75 participants in a community. The results indicate that the prosumers can reduce their costs by up to 24% by employing the proposed SBEMS in the P2P market. In addition, the proposed method is found to offer better performance in terms of economic and technical indices.

Keyword:

bidding strategy continuous double auction energy-management system Peer-to-Peer energy trading photovoltaic battery system

Author Community:

  • [ 1 ] [Zhang, Bidan]Univ Liverpool, Dept Elect Engn & Elect, Liverpool L69 3BX, Merseyside, England
  • [ 2 ] [Jiang, Lin]Univ Liverpool, Dept Elect Engn & Elect, Liverpool L69 3BX, Merseyside, England
  • [ 3 ] [Du, Yang]James Cook Univ, Coll Sci & Engn, Douglas 4811, Australia
  • [ 4 ] [Chen, Xiaoyang]Xian Jiaotong Liverpool Univ, Dept Elect & Elect Engn, Suzhou 215000, Peoples R China
  • [ 5 ] [Lim, Eng Gee]Xian Jiaotong Liverpool Univ, Dept Elect & Elect Engn, Suzhou 215000, Peoples R China
  • [ 6 ] [Yan, Ke]Natl Univ Singapore, Dept Built Environm, Coll Design & Engn, Singapore 117566, Singapore
  • [ 7 ] [Du, Yang]James Cook Univ, Coll Sci & Engn, Smithfield 4878, Australia

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Source :

ENERGIES

Year: 2022

Issue: 11

Volume: 15

3 . 0 0 4

JCR@2020

ESI Discipline: ENGINEERING;

ESI HC Threshold:7

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 1

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