Development of a multi-community peer-to-peer electricity trading mechanism

Shafiekhani, Morteza, Qadrdan, Meysam ORCID: https://orcid.org/0000-0001-6167-2933, Zhou, Yue ORCID: https://orcid.org/0000-0002-6698-4714 and Wu, Jianzhong ORCID: https://orcid.org/0000-0001-7928-3602 2024. Development of a multi-community peer-to-peer electricity trading mechanism. Presented at: Cardiff University Engineering Research Conference 2023, Cardiff, UK, 12-14 July 2023. Published in: Spezi, Emiliano and Bray, Michaela eds. Proceedings of the Cardiff University Engineering Research Conference 2023. Cardiff: Cardiff University Press, pp. 148-152. 10.18573/conf1.ah

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Abstract

Peer-to-peer electricity trading allows individual energy producers and consumers to trade electricity directly with one another. They can be managed as a single unit in the form of an energy community. However, in this study, a multi-community peer-to-peer electricity trading mechanism was developed to enable excess electricity from renewable sources to be traded between multiple communities. For this purpose, two energy communities were considered, in which there are generation and storage technologies such as PV panels, wind turbines, energy storage systems, and flexible and non-flexible loads. A Bill Sharing method was adopted to determine the price of electricity traded between different peers within each community and between the two communities and the suppliers. The efficacy of the proposed peer-to-peer electricity trading in decreasing the cost of satisfying the electricity demand in the communities was investigated. The proposed model reduces the average daily electricity costs by 64% compared with the case without peer-to-peer electricity trading.

Item Type:	Conference or Workshop Item (Paper)
Date Type:	Publication
Status:	Published
Schools:	Engineering
Subjects:	G Geography. Anthropology. Recreation > GE Environmental Sciences H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HF Commerce T Technology > TA Engineering (General). Civil engineering (General)
Additional Information:	Contents are extended abstracts of papers, not full papers
Publisher:	Cardiff University Press
ISBN:	978-1-9116-5349-3
Date of First Compliant Deposit:	10 June 2024
Date of Acceptance:	2024
Last Modified:	30 Jul 2024 08:26
URI:	https://orca.cardiff.ac.uk/id/eprint/169703

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