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Peer-to-Peer Energy Trading Using Prediction Intervals of Renewable Energy Generation
Yanbo Jia1; Can Wan1; Wenkang Cui1; Yonghua Song1,2; Ping Ju1
2022-04-18
Source PublicationIEEE Transactions on Smart Grid
ISSN1949-3053
Volume14Issue:2Pages:1454-1465
Abstract

The rapid development of renewable energy generation and demand side flexible resource makes the operation of distribution network and the organisation of power market facing greater uncertainty challenges. This paper proposes a novel receding horizon peer-to-peer energy transaction model based on the prediction intervals of renewable energy generation to manage the volatility in the range of a distribution network. A peer-to-peer energy interval matching algorithm is proposed to fully explore the flexibility in demand side for mitigating the output fluctuation of renewable energy generation locally. Then the responsibilities of undertaking the uncertainty risk from renewable generations are assigned to the counter-part consumers who have been matched with the renewable energy generations in a peer-to-peer market. The autonomy energy management problem under distribution network of each consumer is formulated as a cooperative gaming problem using the Nash bargaining theory. The uncertainty risk is considered into the Nash bargaining problem by utilizing voltage chance constraints and conditional value at risk based return-risk utility, of which the quantile connotations are consistent with the quantile results of the probability prediction of renewable energy generations. Moreover, an alternating direction method of multipliers algorithm based distributed methodology is developed to solve the Nash bargaining problem in a distributed manner. Numerical results demonstrate the effectiveness of the presented peer-to-peer energy trading model.

KeywordPeer-to-peer Energy Transaction Prediction Interval Nash Bargaining Chance Constraints Distributed Optimization Renewable Energy Generation
DOI10.1109/TSG.2022.3168150
URLView the original
Indexed BySCIE
Language英語English
WOS Research AreaEngineering
WOS SubjectEngineering, Electrical & Electronic
WOS IDWOS:000965128400001
Scopus ID2-s2.0-85128610748
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Citation statistics
Cited Times [WOS]:19   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionRECTOR'S OFFICE
Faculty of Science and Technology
THE STATE KEY LABORATORY OF INTERNET OF THINGS FOR SMART CITY (UNIVERSITY OF MACAU)
DEPARTMENT OF ELECTRICAL AND COMPUTER ENGINEERING
Corresponding AuthorCan Wan
Affiliation1.College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China
2.State Key Laboratory of Internet of Things for Smart City, University of Macau, Macau, China
Recommended Citation
GB/T 7714
Yanbo Jia,Can Wan,Wenkang Cui,et al. Peer-to-Peer Energy Trading Using Prediction Intervals of Renewable Energy Generation[J]. IEEE Transactions on Smart Grid, 2022, 14(2), 1454-1465.
APA Yanbo Jia., Can Wan., Wenkang Cui., Yonghua Song., & Ping Ju (2022). Peer-to-Peer Energy Trading Using Prediction Intervals of Renewable Energy Generation. IEEE Transactions on Smart Grid, 14(2), 1454-1465.
MLA Yanbo Jia,et al."Peer-to-Peer Energy Trading Using Prediction Intervals of Renewable Energy Generation".IEEE Transactions on Smart Grid 14.2(2022):1454-1465.
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