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Implementing multi-settlement decentralized electricity market design for transactive communities with imperfect communication

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  • Mukherjee, Monish
  • Hardy, Trevor
  • Fuller, Jason C.
  • Bose, Anjan

Abstract

The ubiquitousness of the low cost Information & Communication Technologies (ICT) provides strategic opportunities for the “prosumers”, customers that both consume and produce energy, to have a more proactive role in system operation. From an operational perspective, though, this creates additional challenges in managing power distribution networks due to such active grid-edge systems with limited to no visibility or control by the utilities. Transactive Energy (TE) has been emerging as a key enabler towards efficiently coordinating prosumers through market based constructs thereby encouraging more consumer-centric economies. However, communication-based controls are susceptible to losses in information or message delays, potentially de-synchronizing solutions. This work presents a transactive implementation of a community-based electricity market design based on a multi-settlement decentralized coordination strategy. The coordination mechanism presents an algorithm that provides robustness to communication delays. A co-simulation framework is developed for evaluating the proposed market structure with high-fidelity models and delay-prone communication systems. Case studies on the IEEE-123 node test system demonstrate the feasibility of the proposed community-based TE architecture to collaboratively operate prosumer-communities as grid-edge systems and quantifies their potential benefits.

Suggested Citation

  • Mukherjee, Monish & Hardy, Trevor & Fuller, Jason C. & Bose, Anjan, 2022. "Implementing multi-settlement decentralized electricity market design for transactive communities with imperfect communication," Applied Energy, Elsevier, vol. 306(PA).
    • Handle: RePEc:eee:appene:v:306:y:2022:i:pa:s0306261921012824
    DOI: 10.1016/j.apenergy.2021.117979
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    References listed on IDEAS

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    1. Tushar, Wayes & Yuen, Chau & Saha, Tapan K. & Morstyn, Thomas & Chapman, Archie C. & Alam, M. Jan E. & Hanif, Sarmad & Poor, H. Vincent, 2021. "Peer-to-peer energy systems for connected communities: A review of recent advances and emerging challenges," Applied Energy, Elsevier, vol. 282(PA).
    2. Sousa, Tiago & Soares, Tiago & Pinson, Pierre & Moret, Fabio & Baroche, Thomas & Sorin, Etienne, 2019. "Peer-to-peer and community-based markets: A comprehensive review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 104(C), pages 367-378.
    3. Mengelkamp, Esther & Gärttner, Johannes & Rock, Kerstin & Kessler, Scott & Orsini, Lawrence & Weinhardt, Christof, 2018. "Designing microgrid energy markets," Applied Energy, Elsevier, vol. 210(C), pages 870-880.
    4. Yael Parag & Benjamin K. Sovacool, 2016. "Electricity market design for the prosumer era," Nature Energy, Nature, vol. 1(4), pages 1-6, April.
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