Yang, Jiajia, Yan, Gangui, Yang, Yulong, Chen, Guo, Li, Chaojie, and Wen, Fushuan (2022) AC Network-Constrained Local Electricity Market Mechanism in Low-voltage Distribution Networks. In: Proceedings of the IEEE Power & Energy Society General Meeting. From: PESGM 2022: IEEE Power & Energy Society General Meeting, 17-21 July 2022, Denver, CO, USA.

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Abstract

This paper proposes a fully decentralized local electricity market mechanism backboned by a modified version of the Alternating Direction Method of Multipliers (ADMM). Comparing with the state-of-the-art peer-to-peer (P2P) market in local distribution systems, the proposed electricity trading mechanism comprehensively incorporates power network constraints formulated by an Alternating Current (AC) power flow model. In the proposed method, nodal voltages are designed as the only public variables shared among participants. Privacy of each participant is thus sufficiently preserved without exposing the bid data to the others. Meanwhile, the proposed method can also ensure the global optimality of social welfare in electricity transactions. Comprehensive case studies on the IEEE 33-node distribution system are conducted to demonstrate the feasibility and effectiveness of the proposed electricity trading mechanism.

Item ID:	82464
Item Type:	Conference Item (Research - E1)
ISBN:	978-1-6654-0823-3
Copyright Information:	© 2022 IEEE
Date Deposited:	04 Apr 2024 02:09
FoR Codes:	40 ENGINEERING > 4008 Electrical engineering > 400805 Electrical energy transmission, networks and systems @ 100%
SEO Codes:	17 ENERGY > 1703 Energy storage, distribution and supply > 170309 Smart grids @ 100%
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