IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v361y2024ics0306261924002897.html
   My bibliography  Save this article

A framework for prosumer-centric peer-to-peer energy trading using network-secure export–import limits

Author

Listed:
  • Hoque, Md Murshadul
  • Khorasany, Mohsen
  • Azim, M. Imran
  • Razzaghi, Reza
  • Jalili, Mahdi

Abstract

This paper presents a new prosumer-centric peer-to-peer (P2P) energy trading framework incorporating the network-secure export–import limits, known as dynamic operating envelope (DOE), for prosumers considering their preferences to trade in the local market. In the proposed framework, a DOE-integrated energy management algorithm is developed for prosumers considering electric vehicles (EVs) charge–discharge and photovoltaic (PV) systems. The framework allows prosumers to operate within defined DOE, aligning with the preferences of EV-owning prosumers by managing the desired EV battery charge levels at their departure. An auction-based P2P energy trading mechanism for prosumers is proposed incorporating the allocated DOE to ensure secure network operation and valuing prosumers’ preferences to benefit them. The proposed framework is implemented on a 78-node low-voltage (LV) residential distribution network to evaluate its performance. The results and comparative analyses verify the effectiveness of the proposed framework in addressing network issues such as voltage and line congestion problems, meeting prosumers’ preferences in asset management, and providing benefits to all participants in the energy trading process.

Suggested Citation

  • Hoque, Md Murshadul & Khorasany, Mohsen & Azim, M. Imran & Razzaghi, Reza & Jalili, Mahdi, 2024. "A framework for prosumer-centric peer-to-peer energy trading using network-secure export–import limits," Applied Energy, Elsevier, vol. 361(C).
  • Handle: RePEc:eee:appene:v:361:y:2024:i:c:s0306261924002897
    DOI: 10.1016/j.apenergy.2024.122906
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261924002897
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.apenergy.2024.122906?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. 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).
    2. 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).
    3. Tarashandeh, Nader & Karimi, Ali, 2024. "Peer-to-peer energy trading under distribution network constraints with preserving independent nature of agents," Applied Energy, Elsevier, vol. 355(C).
    4. Xia, Yuanxing & Xu, Qingshan & Li, Fangxing, 2023. "Grid-friendly pricing mechanism for peer-to-peer energy sharing market diffusion in communities," Applied Energy, Elsevier, vol. 334(C).
    5. Zabihinia Gerdroodbari, Yasin & Khorasany, Mohsen & Razzaghi, Reza & Heidari, Rahmat, 2024. "Management of prosumers using dynamic export limits and shared Community Energy Storage," Applied Energy, Elsevier, vol. 355(C).
    6. Wang, Juan & Zheng, Junjun & Yu, Liukai & Goh, Mark & Tang, Yunying & Huang, Yongchao, 2023. "Distributed Reputation-Distance iterative auction system for Peer-To-Peer power trading," Applied Energy, Elsevier, vol. 345(C).
    Full references (including those not matched with items on IDEAS)

    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. Chang, Weiguang & Yang, Qiang, 2023. "Low carbon oriented collaborative energy management framework for multi-microgrid aggregated virtual power plant considering electricity trading," Applied Energy, Elsevier, vol. 351(C).
    2. Meng, Yuan & Qiu, Jing & Zhang, Cuo & Lei, Gang & Zhu, Jianguo, 2024. "A Holistic P2P market for active and reactive energy trading in VPPs considering both financial benefits and network constraints," Applied Energy, Elsevier, vol. 356(C).
    3. Wu, Chun & Chen, Xingying & Hua, Haochen & Yu, Kun & Gan, Lei & Shen, Jun & Ding, Yi, 2024. "Peer-to-peer energy trading optimization for community prosumers considering carbon cap-and-trade," Applied Energy, Elsevier, vol. 358(C).
    4. Wang, Haibing & Zhao, Anjie & Khan, Muhammad Qasim & Sun, Weiqing, 2024. "Optimal operation of energy hub considering reward-punishment ladder carbon trading and electrothermal demand coupling," Energy, Elsevier, vol. 286(C).
    5. 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).
    6. Barone, G. & Buonomano, A. & Forzano, C. & Palombo, A. & Russo, G., 2023. "The role of energy communities in electricity grid balancing: A flexible tool for smart grid power distribution optimization," Renewable and Sustainable Energy Reviews, Elsevier, vol. 187(C).
    7. 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.
    8. 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.
    9. Tostado-Véliz, Marcos & Hasanien, Hany M. & Rezaee Jordehi, Ahmad & Turky, Rania A. & Gómez-González, Manuel & Jurado, Francisco, 2023. "An Interval-based privacy – Aware optimization framework for electricity price setting in isolated microgrid clusters," Applied Energy, Elsevier, vol. 340(C).
    10. Dong, Lei & Zhang, Shiming & Zhang, Tao & Wang, Zibo & Qiao, Ji & Pu, Tianjiao, 2024. "DSO-prosumers dual-layer game optimization based on risk price guidance in a P2P energy market environment," Applied Energy, Elsevier, vol. 361(C).
    11. 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.
    12. Georgios Yiasoumas & Lazar Berbakov & Valentina Janev & Alessandro Asmundo & Eneko Olabarrieta & Andrea Vinci & Giovanni Baglietto & George E. Georghiou, 2023. "Key Aspects and Challenges in the Implementation of Energy Communities," Energies, MDPI, vol. 16(12), pages 1-24, June.
    13. 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).
    14. Li, Junkai & Ge, Shaoyun & Liu, Hong & Yu, Qi & Zhang, Shida & Wang, Chengshan & Gu, Chenghong, 2024. "An electricity and carbon trading mechanism integrated with TSO-DSO-prosumer coordination," Applied Energy, Elsevier, vol. 356(C).
    15. Hussain, Sadam & Azim, M. Imran & Lai, Chunyan & Eicker, Ursula, 2023. "New coordination framework for smart home peer-to-peer trading to reduce impact on distribution transformer," Energy, Elsevier, vol. 284(C).
    16. Wang, Longze & Zhang, Yan & Li, Zhehan & Huang, Qiyu & Xiao, Yuxin & Yi, Xinxing & Ma, Yiyi & Li, Meicheng, 2023. "P2P trading mode for real-time coupled electricity and carbon markets based on a new indicator green energy," Energy, Elsevier, vol. 285(C).

    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:361:y:2024:i:c:s0306261924002897. 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.