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Comparative analysis of energy trading priorities based on open transactive energy markets in residential microgrids
conference contribution
posted on 2017-01-01, 00:00 authored by Most Akter, Apel MahmudApel Mahmud, Enamul HaqueEnamul Haque, Aman Maung Than OoAman Maung Than OoThis paper presents a comparative analysis for energy trading priorities among different consumers and prosumers in a residential microgrid. The transactive energy trading frameworks are considered based on two approaches where all houses in a residential microgrid participate in trading energy among themselves before the energy transactions with the main power grid. The first approach is mainly based on the energy shortage of different houses where the energy transactions among different houses occur based on a pre-defined strategy, e.g., priorities are given to some specific houses at a defined rate. The second approach is developed by formulating a competitive and open transactive energy market using a game theoretic approach with a multi-player game to provide more flexibilities to the participants. A comparative analysis is provided between these two approaches, by considering a residential microgrid in Australian contexts, in terms of flexibility index and saving electricity bills. It is found that the second approach provides more flexibilities to the participants though there are not much differences in saving electricity bills.
History
Event
IEEE Power & Energy Society. Conference (2017 : Melbourne, Vic.)Series
IEEE Power & Energy Society ConferencePagination
1 - 6Publisher
Institute of Electrical and Electronics EngineersLocation
Melbourne, Vic.Place of publication
Piscataway, N.J.Publisher DOI
Start date
2017-11-19End date
2017-11-22eISSN
2474-1507ISBN-13
978-1-5386-2647-4Language
engPublication classification
E Conference publication; E1 Full written paper - refereedCopyright notice
2017, IEEEEditor/Contributor(s)
[Unknown]Title of proceedings
AUPEC 2017 : Smart grids in the 21st century : Proceedings of the Australasian Universities Power Engineering Conference 2017Usage metrics
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