IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v335y2023ics0306261922016774.html
   My bibliography  Save this article

A network-secure peer-to-peer trading framework for electricity-carbon integrated market among local prosumers

Author

Listed:
  • Li, Junkai
  • Ge, Shaoyun
  • Xu, Zhengyang
  • Liu, Hong
  • Li, Jifeng
  • Wang, Chengshan
  • Cheng, Xueying

Abstract

The emergence of prosumers with considerable renewables promotes the lower-carbon operation of distribution network. However, prosumers’ flexible roles also bring new challenges to establish a fairness distribution-level transactive market and ensure the security in distribution network. To address this issue, this paper presents a network-secure peer-to-peer (P2P) market with two-stage framework. In the first stage, a multi leaders multi followers (MLMF) Stackelberg game is utilized to establish the P2P electricity-carbon integrated market, which considers stakeholders’ changeable roles between producer and consumer in the energy and carbon allowance transaction. The existence and uniqueness of the market equilibrium are also verified. In the second stage, network reconfiguration is taken into consideration to support the transactive results and avoid the restriction on node injected power to the largest extent. Numerical results show that the established P2P electricity-carbon integrated market can reduce carbon emissions by over 6% without harming prosumers’ total revenues.

Suggested Citation

  • Li, Junkai & Ge, Shaoyun & Xu, Zhengyang & Liu, Hong & Li, Jifeng & Wang, Chengshan & Cheng, Xueying, 2023. "A network-secure peer-to-peer trading framework for electricity-carbon integrated market among local prosumers," Applied Energy, Elsevier, vol. 335(C).
    • Handle: RePEc:eee:appene:v:335:y:2023:i:c:s0306261922016774
    DOI: 10.1016/j.apenergy.2022.120420
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261922016774
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2022.120420?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ruan, Hebin & Gao, Hongjun & Gooi, Hoay Beng & Liu, Junyong, 2022. "Active distribution network operation management integrated with P2P trading," Applied Energy, Elsevier, vol. 323(C).
    2. Elkazaz, Mahmoud & Sumner, Mark & Thomas, David, 2021. "A hierarchical and decentralized energy management system for peer-to-peer energy trading," Applied Energy, Elsevier, vol. 291(C).
    3. Wei, F. & Jing, Z.X. & Wu, Peter Z. & Wu, Q.H., 2017. "A Stackelberg game approach for multiple energies trading in integrated energy systems," Applied Energy, Elsevier, vol. 200(C), pages 315-329.
    4. Ge, Shaoyun & Li, Jifeng & He, Xingtang & Liu, Hong, 2021. "Joint energy market design for local integrated energy system service procurement considering demand flexibility," Applied Energy, Elsevier, vol. 297(C).
    5. Coelho, António & Iria, José & Soares, Filipe, 2021. "Network-secure bidding optimization of aggregators of multi-energy systems in electricity, gas, and carbon markets," Applied Energy, Elsevier, vol. 301(C).
    6. Hua, Weiqi & Jiang, Jing & Sun, Hongjian & Wu, Jianzhong, 2020. "A blockchain based peer-to-peer trading framework integrating energy and carbon markets," Applied Energy, Elsevier, vol. 279(C).
    7. Shabanpour-Haghighi, Amin & Seifi, Ali Reza, 2015. "Multi-objective operation management of a multi-carrier energy system," Energy, Elsevier, vol. 88(C), pages 430-442.
    8. Wang, Chengshan & Song, Guanyu & Li, Peng & Ji, Haoran & Zhao, Jinli & Wu, Jianzhong, 2017. "Optimal siting and sizing of soft open points in active electrical distribution networks," Applied Energy, Elsevier, vol. 189(C), pages 301-309.
    9. Sinha, Rakesh Kumar & Chaturvedi, Nitin Dutt, 2019. "A review on carbon emission reduction in industries and planning emission limits," Renewable and Sustainable Energy Reviews, Elsevier, vol. 114(C), pages 1-1.
    10. Chen, Liudong & Liu, Nian & Li, Chenchen & Zhang, Silu & Yan, Xiaohe, 2021. "Peer-to-peer energy sharing with dynamic network structures," Applied Energy, Elsevier, vol. 291(C).
    11. Dong, Jingya & Song, Chunhe & Liu, Shuo & Yin, Huanhuan & Zheng, Hao & Li, Yuanjian, 2022. "Decentralized peer-to-peer energy trading strategy in energy blockchain environment: A game-theoretic approach," Applied Energy, Elsevier, vol. 325(C).
    12. Zhong, Xiaoqing & Zhong, Weifeng & Liu, Yi & Yang, Chao & Xie, Shengli, 2022. "Optimal energy management for multi-energy multi-microgrid networks considering carbon emission limitations," Energy, Elsevier, vol. 246(C).
    13. Gilbert Metcalf & David Weisbach, 2008. "The Design of a Carbon Tax," Discussion Papers Series, Department of Economics, Tufts University 0728, Department of Economics, Tufts University.
    14. Cao, Jiaxin & Yang, Bo & Zhu, Shanying & Chung, Chi Yung & Guan, Xinping, 2022. "Multi-level coordinated energy management for energy hub in hybrid markets with distributionally robust scheduling," Applied Energy, Elsevier, vol. 311(C).
    15. Xu, Shuang & Zhao, Yong & Li, Yuanzheng & Zhou, Yue, 2021. "An iterative uniform-price auction mechanism for peer-to-peer energy trading in a community microgrid," Applied Energy, Elsevier, vol. 298(C).
    16. Yael Parag & Benjamin K. Sovacool, 2016. "Electricity market design for the prosumer era," Nature Energy, Nature, vol. 1(4), pages 1-6, April.
    17. Ma, Yiming & Wang, Haixin & Hong, Feng & Yang, Junyou & Chen, Zhe & Cui, Haoqian & Feng, Jiawei, 2021. "Modeling and optimization of combined heat and power with power-to-gas and carbon capture system in integrated energy system," Energy, Elsevier, vol. 236(C).
    18. Kenneth Gillingham & Stefano Carattini & Daniel Esty, 2017. "Lessons from first campus carbon-pricing scheme," Nature, Nature, vol. 551(7678), pages 27-29, November.
    19. Hua, Weiqi & Jiang, Jing & Sun, Hongjian & Teng, Fei & Strbac, Goran, 2022. "Consumer-centric decarbonization framework using Stackelberg game and Blockchain," Applied Energy, Elsevier, vol. 309(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bożena Gajdzik & Magdalena Jaciow & Radosław Wolniak & Robert Wolny & Wieslaw Wes Grebski, 2023. "Assessment of Energy and Heat Consumption Trends and Forecasting in the Small Consumer Sector in Poland Based on Historical Data," Resources, MDPI, vol. 12(9), pages 1-33, September.
    2. Christina Papadimitriou & Marialaura Di Somma & Chrysanthos Charalambous & Martina Caliano & Valeria Palladino & Andrés Felipe Cortés Borray & Amaia González-Garrido & Nerea Ruiz & Giorgio Graditi, 2023. "A Comprehensive Review of the Design and Operation Optimization of Energy Hubs and Their Interaction with the Markets and External Networks," Energies, MDPI, vol. 16(10), pages 1-46, May.
    3. Bożena Gajdzik & Magdalena Jaciow & Radosław Wolniak & Robert Wolny & Wieslaw Wes Grebski, 2023. "Energy Behaviors of Prosumers in Example of Polish Households," Energies, MDPI, vol. 16(7), pages 1-26, March.
    4. Yao, Wenliang & Wang, Chengfu & Yang, Ming & Wang, Kang & Dong, Xiaoming & Zhang, Zhenwei, 2023. "A tri-layer decision-making framework for IES considering the interaction of integrated demand response and multi-energy market clearing," Applied Energy, Elsevier, vol. 342(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhou, Yuekuan & Lund, Peter D., 2023. "Peer-to-peer energy sharing and trading of renewable energy in smart communities ─ trading pricing models, decision-making and agent-based collaboration," Renewable Energy, Elsevier, vol. 207(C), pages 177-193.
    2. Botelho, D.F. & de Oliveira, L.W. & Dias, B.H. & Soares, T.A. & Moraes, C.A., 2022. "Integrated prosumers–DSO approach applied in peer-to-peer energy and reserve tradings considering network constraints," Applied Energy, Elsevier, vol. 317(C).
    3. Qin, Meng & Zhang, Xiaojing & Li, Yameng & Badarcea, Roxana Maria, 2023. "Blockchain market and green finance: The enablers of carbon neutrality in China," Energy Economics, Elsevier, vol. 118(C).
    4. Azim, M. Imran & Tushar, Wayes & Saha, Tapan K. & Yuen, Chau & Smith, David, 2022. "Peer-to-peer kilowatt and negawatt trading: A review of challenges and recent advances in distribution networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 169(C).
    5. Zhong, Xiaoqing & Zhong, Weifeng & Liu, Yi & Yang, Chao & Xie, Shengli, 2023. "A communication-efficient coalition graph game-based framework for electricity and carbon trading in networked energy hubs," Applied Energy, Elsevier, vol. 329(C).
    6. Liaqat Ali & M. Imran Azim & Nabin B. Ojha & Jan Peters & Vivek Bhandari & Anand Menon & Vinod Tiwari & Jemma Green & S.M. Muyeen, 2023. "Balancing Usage Profiles and Benefitting End Users through Blockchain Based Local Energy Trading: A German Case Study," Energies, MDPI, vol. 16(17), pages 1-18, August.
    7. Wang, Shouxiang & Wang, Shaomin & Zhao, Qianyu & Dong, Shuai & Li, Hao, 2023. "Optimal dispatch of integrated energy station considering carbon capture and hydrogen demand," Energy, Elsevier, vol. 269(C).
    8. Fei Feng & Xin Du & Qiang Si & Hao Cai, 2022. "Hybrid Game Optimization of Microgrid Cluster (MC) Based on Service Provider (SP) and Tiered Carbon Price," Energies, MDPI, vol. 15(14), pages 1-22, July.
    9. Xu, Jiazhu & Yi, Yuqin, 2023. "Multi-microgrid low-carbon economy operation strategy considering both source and load uncertainty: A Nash bargaining approach," Energy, Elsevier, vol. 263(PB).
    10. Zhang, Xinyue & Guo, Xiaopeng & Zhang, Xingping, 2023. "Bidding modes for renewable energy considering electricity-carbon integrated market mechanism based on multi-agent hybrid game," Energy, Elsevier, vol. 263(PA).
    11. Lv, Chaoxian & Liang, Rui & Zhang, Ge & Zhang, Xiaotong & Jin, Wei, 2023. "Energy accommodation-oriented interaction of active distribution network and central energy station considering soft open points," Energy, Elsevier, vol. 268(C).
    12. Li, Junkai & Ge, Shaoyun & Liu, Hong & Zhang, Shida & Wang, Chengshan & Wang, Pengxiang, 2023. "Distribution locational pricing mechanisms for flexible interconnected distribution system with variable renewable energy generation," Applied Energy, Elsevier, vol. 335(C).
    13. Ahl, Amanda & Goto, Mika & Yarime, Masaru & Tanaka, Kenji & Sagawa, Daishi, 2022. "Challenges and opportunities of blockchain energy applications: Interrelatedness among technological, economic, social, environmental, and institutional dimensions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 166(C).
    14. Younes Zahraoui & Tarmo Korõtko & Argo Rosin & Hannes Agabus, 2023. "Market Mechanisms and Trading in Microgrid Local Electricity Markets: A Comprehensive Review," Energies, MDPI, vol. 16(5), pages 1-52, February.
    15. Ghadi, Mojtaba Jabbari & Rajabi, Amin & Ghavidel, Sahand & Azizivahed, Ali & Li, Li & Zhang, Jiangfeng, 2019. "From active distribution systems to decentralized microgrids: A review on regulations and planning approaches based on operational factors," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    16. Christina Papadimitriou & Marialaura Di Somma & Chrysanthos Charalambous & Martina Caliano & Valeria Palladino & Andrés Felipe Cortés Borray & Amaia González-Garrido & Nerea Ruiz & Giorgio Graditi, 2023. "A Comprehensive Review of the Design and Operation Optimization of Energy Hubs and Their Interaction with the Markets and External Networks," Energies, MDPI, vol. 16(10), pages 1-46, May.
    17. Wang, Yun & Xie, Haipeng & Sun, Xiaotian & Tang, Lingfeng & Bie, Zhaohong, 2022. "A cross-chain enabled day-ahead collaborative power-carbon-TGC market," Energy, Elsevier, vol. 258(C).
    18. Arnob Das & Susmita Datta Peu & Md. Abdul Mannan Akanda & Abu Reza Md. Towfiqul Islam, 2023. "Peer-to-Peer Energy Trading Pricing Mechanisms: Towards a Comprehensive Analysis of Energy and Network Service Pricing (NSP) Mechanisms to Get Sustainable Enviro-Economical Energy Sector," Energies, MDPI, vol. 16(5), pages 1-27, February.
    19. Hua, Weiqi & Chen, Ying & Qadrdan, Meysam & Jiang, Jing & Sun, Hongjian & Wu, Jianzhong, 2022. "Applications of blockchain and artificial intelligence technologies for enabling prosumers in smart grids: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 161(C).
    20. Arsenii Vilkov & Gang Tian, 2023. "Blockchain’s Scope and Purpose in Carbon Markets: A Systematic Literature Review," Sustainability, MDPI, vol. 15(11), pages 1-27, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:335:y:2023:i:c:s0306261922016774. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.