Review and prospect of transactive energy market for distributed energy resources

Yan, Mingyu, Wang, Lingling, Teng, Fei, Wen, Jinyu, Gan, Wei, Yao, Wei and Zhou, Yue ORCID: https://orcid.org/0000-0002-6698-4714 2023. Review and prospect of transactive energy market for distributed energy resources. Automation of Electric Power Systems 47 (18) 10.7500/AEPS20211222002

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Abstract

The transactive energy market can encourage prosumers to trade energy, and guide them to balance the random fluctuations of renewable energy output by adjusting the real-time electricity price, which can improve the accommodation level of renewable energy and achieve the goal of carbon emission peak and carbon neutrality in China. Firstly, the concept, characteristics and framework of the transactive energy market for distributed energy are introduced. Then, the trading mechanisms of the existing transactive energy markets and its advantages and disadvantages are comprehensively analyzed, and the platforms and pilot projects of the existing transactive energy markets are introduced. Finally, from the point of view of actual market operation, the present challenges and future development direction of the transactive energy markets are described.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Engineering
Language other than English:	Chinese
ISSN:	1000-1026
Date of First Compliant Deposit:	7 November 2023
Date of Acceptance:	31 May 2022
Last Modified:	17 Dec 2024 11:45
URI:	https://orca.cardiff.ac.uk/id/eprint/163412

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