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Local Energy Trading in Future Distribution Systems

Author

Listed:
  • Mohammad Esmaeil Honarmand

    (Gilan Electric Power Distribution Co., Rasht 41888-67749, Iran)

  • Vahid Hosseinnezhad

    (School of Engineering and Architecture, University College Cork (UCC), Cork T12 K8AF, Ireland)

  • Barry Hayes

    (School of Engineering and Architecture, University College Cork (UCC), Cork T12 K8AF, Ireland)

  • Pierluigi Siano

    (Department of Management and Innovation Systems, University of Salerno, 84084 Fisciano, Italy)

Abstract

Today, the pace of development of decentralized transactive management systems has increased significantly due to growing renewable energy source technologies and communication infrastructure at the distribution system level. Such bilateral energy transactions have changed the structure of electricity markets and led to the emergence of a local energy market in electricity distribution. While examining this change of attitude, this paper analyzes the effects of local market formation on the performance and performance of distribution companies. Accordingly, the technical requirements in the three areas of operation, network control, and ICT in the new workspace are thoroughly examined. The hardware requirements will be presented in two parts for the end-user and the distribution systems. Then, the proposed local distribution market framework will be introduced, and finally, the conclusion will be presented.

Suggested Citation

  • Mohammad Esmaeil Honarmand & Vahid Hosseinnezhad & Barry Hayes & Pierluigi Siano, 2021. "Local Energy Trading in Future Distribution Systems," Energies, MDPI, vol. 14(11), pages 1-19, May.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:11:p:3110-:d:562861
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    References listed on IDEAS

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    Cited by:

    1. Ajla Mehinovic & Matej Zajc & Nermin Suljanovic, 2023. "Interpretation and Quantification of the Flexibility Sources Location on the Flexibility Service in the Distribution Grid," Energies, MDPI, vol. 16(2), pages 1-18, January.
    2. Renata Rodrigues Lautert & Wagner da Silva Brignol & Luciane Neves Canha & Olatunji Matthew Adeyanju & Vinícius Jacques Garcia, 2022. "A Flexible-Reliable Operation Model of Storage and Distributed Generation in a Biogas Power Plant," Energies, MDPI, vol. 15(9), pages 1-21, April.
    3. Filipe Bandeiras & Álvaro Gomes & Mário Gomes & Paulo Coelho, 2023. "Exploring Energy Trading Markets in Smart Grid and Microgrid Systems and Their Implications for Sustainability in Smart Cities," Energies, MDPI, vol. 16(2), pages 1-41, January.

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