Communication‐resilient and convergence‐fast peer‐to‐peer energy trading scheme in a fully decentralized framework

Feng, Changsen, Wu, Hang, Yang, Jiajia, Li, Zhiyi, Zhang, Youbing, and Wen, Fushuan (2024) Communication‐resilient and convergence‐fast peer‐to‐peer energy trading scheme in a fully decentralized framework. Energy Conversion and Economics, 5 (2). pp. 110-115.

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Abstract

The wide deployment of distributed energy resources, combined with a more proactive demand-side management, is boosting the emergence of the peer-to-peer market. In the present study, an innovative peer-to-peer energy trading model is introduced, enabling a group of price-setting prosumers to engage in direct negotiations via a straightforward best-response approach. A Nash equilibrium problem (NEP) is initially formulated and a sufficient condition for the unique solution of the NEP is derived. Afterward, an asynchronous and convergence-fast solving method is employed to determine the trading quantity and price. The efficiency and resilience of the presented method are demonstrated through a comprehensive case study.

Item ID: 86361
Item Type: Article (Research - C1)
ISSN: 2634-1581
Copyright Information: This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited and is not used for commercial purposes. © 2024 The Authors. Energy Conversion and Economics published by John Wiley & Sons Ltd on behalf of The Institution of Engineering and Technology and the State Grid Economic & Technological Research Institute Co., Ltd.
Date Deposited: 23 Jul 2025 23:10
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 > 170305 Energy systems and analysis @ 100%
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