Single-unit and multi-unit auction framework for peer-to-peer transactions

Detalhes bibliográficos
Autor(a) principal: Teixeira, Daniel
Data de Publicação: 2021
Outros Autores: Gomes, Luis, Vale, Zita
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.22/19006
Resumo: Peer-to-peer transactions appear in smart grids as a way to enable the direct transaction of energy among end-users (i.e., consumers, producers, and prosumers). This concept promotes the efficient use of local renewable energy sources among neighbours. Several studies proposed the application of peer-to-peer models for energy communities, microgrids, and aggregators to decrease energy costs for end-users and to promote the balance between consumption and generation. In this paper, it is proposed a framework to test, and validate, using a real environment, single- and multi-unit peer-to-peer auctions. It is also proposed six lightweight fully distributed peer-to-peer auction models, avoiding the need for a central operator. The lightweight of the proposed models enables their execution in the fog-computing layer using single-board computers deployed in end-users. The proposed framework, together with the proposed day-ahead models, was tested and validated in a real microgrid with five prosumers. The results of two weeks are discussed using a comparative economic analysis. The proposed framework and models were able to reduce energy costs for the end-users, promoting competitive free market behaviours, with multi-unit models outperforming single-unit models in the overall trading efficiency and monetary profits.
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spelling Single-unit and multi-unit auction framework for peer-to-peer transactionsCompetitive marketsEnergy auctionsMulti-agent systemsPeer-to-peer energy tradingTransactive energyPeer-to-peer transactions appear in smart grids as a way to enable the direct transaction of energy among end-users (i.e., consumers, producers, and prosumers). This concept promotes the efficient use of local renewable energy sources among neighbours. Several studies proposed the application of peer-to-peer models for energy communities, microgrids, and aggregators to decrease energy costs for end-users and to promote the balance between consumption and generation. In this paper, it is proposed a framework to test, and validate, using a real environment, single- and multi-unit peer-to-peer auctions. It is also proposed six lightweight fully distributed peer-to-peer auction models, avoiding the need for a central operator. The lightweight of the proposed models enables their execution in the fog-computing layer using single-board computers deployed in end-users. The proposed framework, together with the proposed day-ahead models, was tested and validated in a real microgrid with five prosumers. The results of two weeks are discussed using a comparative economic analysis. The proposed framework and models were able to reduce energy costs for the end-users, promoting competitive free market behaviours, with multi-unit models outperforming single-unit models in the overall trading efficiency and monetary profits.This work has received funding from the European Union's Horizon 2020 research and innovation programme under project DOMINOES (grant agreement No 771066) and from FEDER Funds through COMPETE program and from National Funds through FCT under the project UIDB/00760/2020.ElsevierRepositório Científico do Instituto Politécnico do PortoTeixeira, DanielGomes, LuisVale, Zita2021-12-07T11:04:23Z20212021-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.22/19006eng10.1016/j.ijepes.2021.107235info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-13T13:12:24Zoai:recipp.ipp.pt:10400.22/19006Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:39:01.347294Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Single-unit and multi-unit auction framework for peer-to-peer transactions
title Single-unit and multi-unit auction framework for peer-to-peer transactions
spellingShingle Single-unit and multi-unit auction framework for peer-to-peer transactions
Teixeira, Daniel
Competitive markets
Energy auctions
Multi-agent systems
Peer-to-peer energy trading
Transactive energy
title_short Single-unit and multi-unit auction framework for peer-to-peer transactions
title_full Single-unit and multi-unit auction framework for peer-to-peer transactions
title_fullStr Single-unit and multi-unit auction framework for peer-to-peer transactions
title_full_unstemmed Single-unit and multi-unit auction framework for peer-to-peer transactions
title_sort Single-unit and multi-unit auction framework for peer-to-peer transactions
author Teixeira, Daniel
author_facet Teixeira, Daniel
Gomes, Luis
Vale, Zita
author_role author
author2 Gomes, Luis
Vale, Zita
author2_role author
author
dc.contributor.none.fl_str_mv Repositório Científico do Instituto Politécnico do Porto
dc.contributor.author.fl_str_mv Teixeira, Daniel
Gomes, Luis
Vale, Zita
dc.subject.por.fl_str_mv Competitive markets
Energy auctions
Multi-agent systems
Peer-to-peer energy trading
Transactive energy
topic Competitive markets
Energy auctions
Multi-agent systems
Peer-to-peer energy trading
Transactive energy
description Peer-to-peer transactions appear in smart grids as a way to enable the direct transaction of energy among end-users (i.e., consumers, producers, and prosumers). This concept promotes the efficient use of local renewable energy sources among neighbours. Several studies proposed the application of peer-to-peer models for energy communities, microgrids, and aggregators to decrease energy costs for end-users and to promote the balance between consumption and generation. In this paper, it is proposed a framework to test, and validate, using a real environment, single- and multi-unit peer-to-peer auctions. It is also proposed six lightweight fully distributed peer-to-peer auction models, avoiding the need for a central operator. The lightweight of the proposed models enables their execution in the fog-computing layer using single-board computers deployed in end-users. The proposed framework, together with the proposed day-ahead models, was tested and validated in a real microgrid with five prosumers. The results of two weeks are discussed using a comparative economic analysis. The proposed framework and models were able to reduce energy costs for the end-users, promoting competitive free market behaviours, with multi-unit models outperforming single-unit models in the overall trading efficiency and monetary profits.
publishDate 2021
dc.date.none.fl_str_mv 2021-12-07T11:04:23Z
2021
2021-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.22/19006
url http://hdl.handle.net/10400.22/19006
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1016/j.ijepes.2021.107235
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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