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http://hdl.handle.net/10397/94518
Title: | Distributed transactive energy trading framework in distribution networks | Authors: | Li, J Zhang, C Xu, Z Wang, J Zhao, J Zhang, YJA |
Issue Date: | Nov-2018 | Source: | IEEE transactions on power systems, Nov. 2018, v. 33, no. 6, 8409328, p. 7215-7227 | Abstract: | In this paper, we propose a novel transactive energy trading (TET) framework to deal with the economic issues in energy trading and the technical issues in distribution system operation in a holistic manner. In particular, we innovatively integrate a bilateral energy trading mechanism with the optimal power flow (OPF) technique to increase economic benefits to individual participants, and meanwhile ensure the reliability and security of the system operation. In order to resolve the inherent conflict of interests, Nash bargaining theory is used to model the TET problem, which is further decomposed into a multiperiod OPF problem and a payment bargaining problem. Moreover, we develop an efficient distributed algorithm for solving the TET problem base on alternating direction method of multipliers (ADMM). Instead of directly solving optimization subproblems like most ADMM-based distributed algorithms, we derive closed-form solutions to all subproblems to significantly improve the computational efficiency. Finally, numerical tests on the IEEE 37-bus and 123-bus distribution systems demonstrate the effectiveness of our proposed framework and the efficiency of our distributed algorithm. | Keywords: | Alternating direction method of multipliers Bilateral energy trading Distributed algorithm Distribution networks Nash bargaining Photovoltaic system Transactive energy |
Publisher: | Institute of Electrical and Electronics Engineers | Journal: | IEEE transactions on power systems | ISSN: | 0885-8950 | EISSN: | 1558-0679 | DOI: | 10.1109/TPWRS.2018.2854649 | Rights: | © 2018 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. The following publication J. Li, C. Zhang, Z. Xu, J. Wang, J. Zhao and Y. -J. A. Zhang, "Distributed transactive energy trading framework in distribution networks," in IEEE Transactions on Power Systems, vol. 33, no. 6, pp. 7215-7227, Nov. 2018 is available at https://doi.org/10.1109/TPWRS.2018.2854649 |
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