NDLI: Hybrid trading scheme for peer-to-peer energy trading in transactive energy markets

Content Provider	IET Digital Library
Author	Khorasany, Mohsen Mishra, Yateendra Ledwich, Gerard
Abstract	This study proposes a hybrid energy trading scheme for peer-to-peer (P2P) energy trading in transactive energy markets. Market players can participate in different markets, including local markets, trading with neighbourhood areas, and traditional trading with the grid. In each local market, a community manager (CM) facilitates energy trading and negotiates with other CMs for neighbourhood trading. Based on the heterogeneous preferences of players of each community, each local market has a different price, which is different from market price for neighbourhood trading and trading with the grid. A distributed market clearing mechanism is presented that incorporates coordination among different markets. Also, a network utilisation charge function is defined to apply price signals to the market players to reflect network constraints in energy trading. These price signals are calculated based on the technical constraints in each market and are applied to the corresponding players based on their contribution to network constraints violation. Performance of the proposed trading scheme is evaluated against different market structures and through several case studies.
Starting Page	245
Ending Page	253
Page Count	9
ISSN	17518687
Volume Number	14
e-ISSN	17518695
Issue Number	Issue 2, Jan (2020)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-gtd/14/2
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2019.1233
Journal	IET Generation, Transmission & Distribution
Publisher Date	2019-12-04
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Different Market Structures Different Markets Distributed Market Clearing Mechanism Hybrid Energy Trading Scheme Hybrid Trading Scheme Local Market Market PLayer Market Price Neighbourhood Trading Peer-to-peer Energy Trading Power Market Power System Economics Power System Managemen Power System Operation Price Signal Pricing Traditional Trading Transactive Energy Markets
Content Type	Text
Resource Type	Article
Subject	Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Two-step market clearing for local energy trading in feeder-based markets

Design of auction-based approach for market clearing in peer-to-peer market platform

Design of coordination mechanisms for price anticipatory transactive microgrids

Comparative study between two market clearing schemes in wind dominant electricity markets

Peer-to-peer local electricity market platform pricing strategies for prosumers

Market framework for local energy trading: a review of potential designs and market clearing approaches

Market design for integration of renewables into transactive energy systems

An electric power trading framework for smart residential community in smart cities

Self-adaptive hybrid algorithm based bi-level approach for virtual power plant bidding in multiple retail markets

Hybrid trading scheme for peer-to-peer energy trading in transactive energy markets

Similar Documents

Two-step market clearing for local energy trading in feeder-based markets

Design of auction-based approach for market clearing in peer-to-peer market platform

Design of coordination mechanisms for price anticipatory transactive microgrids

Comparative study between two market clearing schemes in wind dominant electricity markets

Peer-to-peer local electricity market platform pricing strategies for prosumers

Market framework for local energy trading: a review of potential designs and market clearing approaches

Market design for integration of renewables into transactive energy systems

An electric power trading framework for smart residential community in smart cities

Self-adaptive hybrid algorithm based bi-level approach for virtual power plant bidding in multiple retail markets

Hybrid trading scheme for peer-to-peer energy trading in transactive energy markets