IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v365y2024ics0306261924006421.html
   My bibliography  Save this article

Optimal pricing of integrated community energy system for building prosumers with P2P multi-energy trading

Author

Listed:
  • Jia, Hongjie
  • Wang, Xiaoyu
  • Jin, Xiaolong
  • Cheng, Lin
  • Mu, Yunfei
  • Yu, Xiaodan
  • Wei, Wei

Abstract

Buildings are typically integrated with multiple distributed energy resources (DERs), enabling them to act as building prosumers engaged in both energy production and consumption. Peer-to-peer (P2P) energy trading among building prosumers is crucial to improve their benefits. However, further exploration is required to balance the benefits between building prosumers and the system operator (e.g., the integrated community energy system (ICES) operator) since they are different entities. In this context, this paper proposes a comprehensive network charge and energy sale pricing scheme for the ICES operator on heterogeneous building prosumers with P2P multi-energy trading. The interaction between the ICES operator and building prosumers is modelled as a bi-level optimization problem that belongs to the hierarchical structure, while considering the heterogeneity of thermal insulation performance of buildings. At the upper level, the ICES operator optimizes the electricity/heat network charge prices and electricity/heat sale prices to maximize its revenue. At the lower level, building prosumers with a parallel structure optimize the schedules including P2P multi-energy trading and buildings' heating loads to minimize their costs. Furthermore, to address the bi-level optimization problem with parallel and hierarchical coupling structures, an accelerated asynchronous distributed algorithm based on alternating direction method of multipliers (ADMM) is developed, integrating a warm start strategy and a dual update accelerated iteration strategy for further improving computational efficiency. Finally, case studies demonstrate that the proposed scheme can effectively benefit both the ICES operator and building prosumers in P2P multi-energy trading at the same time. Meanwhile, the feasibility and effectiveness of the proposed algorithm are validated.

Suggested Citation

  • Jia, Hongjie & Wang, Xiaoyu & Jin, Xiaolong & Cheng, Lin & Mu, Yunfei & Yu, Xiaodan & Wei, Wei, 2024. "Optimal pricing of integrated community energy system for building prosumers with P2P multi-energy trading," Applied Energy, Elsevier, vol. 365(C).
  • Handle: RePEc:eee:appene:v:365:y:2024:i:c:s0306261924006421
    DOI: 10.1016/j.apenergy.2024.123259
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261924006421
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.apenergy.2024.123259?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.

    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:365:y:2024:i:c:s0306261924006421. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.