Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems

Detalhes bibliográficos
Autor(a) principal: Javadi, Mohammad Sadegh
Data de Publicação: 2022
Outros Autores: Gough, Matthew, Nezhad, Ali Esmaeel, Santos, Sérgio F., Shafie-khah, Miadreza, Catalão, Joao P. S.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/11328/4425
https://doi.org/10.1016/j.scs.2022.103747
Resumo: This paper presents a pool trading model within a local energy community considering home energy management systems (HEMSs) and other consumers. A transparent mechanism for market clearing is proposed to incentivise active prosumers to trade their surplus energy within a rule-based pool market in the local energy community. A price-based demand response program (PBDRP) is considered to increase the consumers’ willingness to modify their consumption. The mathematical optimization problem is a standard mixed-integer linear programming (MILP) problem to allow for rapid assessment of the trading market for real energy communities which have a considerable number of consumers. This allows for novel energy trading strategies amongst different clients in the model and for the integration of a pool energy trading model at the level of the local energy community. The objective function of the energy community is to minimize the overall bills of all participants while fulfilling their demands. Two different scenarios have been evaluated, independent and integrated operation modes, to show the impacts of coordination amongst different end-users. Results show that through cooperation, end-users in the local energy community market can reduce the total electricity bill. This is shown in a 16.63% cost reduction in the independent operation and a 21.38% reduction in the integrated case. Revenues for active consumers under coordination increased compared to independent operation of the HEMS.
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spelling Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systemsHome energy management systemLocal energy communityTime of use tariffThis paper presents a pool trading model within a local energy community considering home energy management systems (HEMSs) and other consumers. A transparent mechanism for market clearing is proposed to incentivise active prosumers to trade their surplus energy within a rule-based pool market in the local energy community. A price-based demand response program (PBDRP) is considered to increase the consumers’ willingness to modify their consumption. The mathematical optimization problem is a standard mixed-integer linear programming (MILP) problem to allow for rapid assessment of the trading market for real energy communities which have a considerable number of consumers. This allows for novel energy trading strategies amongst different clients in the model and for the integration of a pool energy trading model at the level of the local energy community. The objective function of the energy community is to minimize the overall bills of all participants while fulfilling their demands. Two different scenarios have been evaluated, independent and integrated operation modes, to show the impacts of coordination amongst different end-users. Results show that through cooperation, end-users in the local energy community market can reduce the total electricity bill. This is shown in a 16.63% cost reduction in the independent operation and a 21.38% reduction in the integrated case. Revenues for active consumers under coordination increased compared to independent operation of the HEMS.Elsevier2022-09-06T09:47:22Z2022-09-062022-04-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfJavadi, M. S., Gough, M., Nezhad, A. E., Santos, S. F., Shafie-khah, M., Catalão, J. P. S. (2022). Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems. Sustainable Cities and Society, 79(103747), 1-11. https://doi.org/10.1016/j.scs.2022.103747. Repositório Institucional UPT. http://hdl.handle.net/11328/4425http://hdl.handle.net/11328/4425Javadi, M. S., Gough, M., Nezhad, A. E., Santos, S. F., Shafie-khah, M., Catalão, J. P. S. (2022). Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems. Sustainable Cities and Society, 79(103747), 1-11. https://doi.org/10.1016/j.scs.2022.103747. Repositório Institucional UPT. http://hdl.handle.net/11328/4425http://hdl.handle.net/11328/4425https://doi.org/10.1016/j.scs.2022.103747eng2210-6707 (Print)2210-6715 (Electronic)http://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessJavadi, Mohammad SadeghGough, MatthewNezhad, Ali EsmaeelSantos, Sérgio F.Shafie-khah, MiadrezaCatalão, Joao P. S.reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-16T02:09:44Zoai:repositorio.upt.pt:11328/4425Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:40:33.532151Repositório 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 Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems
title Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems
spellingShingle Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems
Javadi, Mohammad Sadegh
Home energy management system
Local energy community
Time of use tariff
title_short Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems
title_full Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems
title_fullStr Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems
title_full_unstemmed Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems
title_sort Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems
author Javadi, Mohammad Sadegh
author_facet Javadi, Mohammad Sadegh
Gough, Matthew
Nezhad, Ali Esmaeel
Santos, Sérgio F.
Shafie-khah, Miadreza
Catalão, Joao P. S.
author_role author
author2 Gough, Matthew
Nezhad, Ali Esmaeel
Santos, Sérgio F.
Shafie-khah, Miadreza
Catalão, Joao P. S.
author2_role author
author
author
author
author
dc.contributor.author.fl_str_mv Javadi, Mohammad Sadegh
Gough, Matthew
Nezhad, Ali Esmaeel
Santos, Sérgio F.
Shafie-khah, Miadreza
Catalão, Joao P. S.
dc.subject.por.fl_str_mv Home energy management system
Local energy community
Time of use tariff
topic Home energy management system
Local energy community
Time of use tariff
description This paper presents a pool trading model within a local energy community considering home energy management systems (HEMSs) and other consumers. A transparent mechanism for market clearing is proposed to incentivise active prosumers to trade their surplus energy within a rule-based pool market in the local energy community. A price-based demand response program (PBDRP) is considered to increase the consumers’ willingness to modify their consumption. The mathematical optimization problem is a standard mixed-integer linear programming (MILP) problem to allow for rapid assessment of the trading market for real energy communities which have a considerable number of consumers. This allows for novel energy trading strategies amongst different clients in the model and for the integration of a pool energy trading model at the level of the local energy community. The objective function of the energy community is to minimize the overall bills of all participants while fulfilling their demands. Two different scenarios have been evaluated, independent and integrated operation modes, to show the impacts of coordination amongst different end-users. Results show that through cooperation, end-users in the local energy community market can reduce the total electricity bill. This is shown in a 16.63% cost reduction in the independent operation and a 21.38% reduction in the integrated case. Revenues for active consumers under coordination increased compared to independent operation of the HEMS.
publishDate 2022
dc.date.none.fl_str_mv 2022-09-06T09:47:22Z
2022-09-06
2022-04-01T00:00:00Z
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 Javadi, M. S., Gough, M., Nezhad, A. E., Santos, S. F., Shafie-khah, M., Catalão, J. P. S. (2022). Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems. Sustainable Cities and Society, 79(103747), 1-11. https://doi.org/10.1016/j.scs.2022.103747. Repositório Institucional UPT. http://hdl.handle.net/11328/4425
http://hdl.handle.net/11328/4425
Javadi, M. S., Gough, M., Nezhad, A. E., Santos, S. F., Shafie-khah, M., Catalão, J. P. S. (2022). Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems. Sustainable Cities and Society, 79(103747), 1-11. https://doi.org/10.1016/j.scs.2022.103747. Repositório Institucional UPT. http://hdl.handle.net/11328/4425
http://hdl.handle.net/11328/4425
https://doi.org/10.1016/j.scs.2022.103747
identifier_str_mv Javadi, M. S., Gough, M., Nezhad, A. E., Santos, S. F., Shafie-khah, M., Catalão, J. P. S. (2022). Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems. Sustainable Cities and Society, 79(103747), 1-11. https://doi.org/10.1016/j.scs.2022.103747. Repositório Institucional UPT. http://hdl.handle.net/11328/4425
url http://hdl.handle.net/11328/4425
https://doi.org/10.1016/j.scs.2022.103747
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 2210-6707 (Print)
2210-6715 (Electronic)
dc.rights.driver.fl_str_mv http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0/
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)
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