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Operationally-Safe Peer-to-Peer Energy Trading in Distribution Grids: A Game-Theoretic Market-Clearing Mechanism

descriptionPublicationkeyboard_double_arrow_right Article , Conference object , Preprint 01 Jul 2022Embargo end date: 01 Jan 2021 Netherlands, Spain Publisher:Institute of Electrical and Electronics Engineers (IEEE)Journal:IEEE Transactions on Smart Grid, volume 13, pages 2,897-2,907 (issn: 1949-3053, eissn: 1949-3061,

Authors: Giuseppe Belgioioso; Wicak Ananduta; Sergio Grammatico; Carlos Ocampo-Martinez;

doi: 10.1109/tsg.2022.3158442 , 10.1109/isgt-europe54678.2022.9960400 , 10.48550/arxiv.2107.13444

arXiv: 2107.13444 , http://arxiv.org/abs/2107.13444

handle: 2117/372257

Operationally-Safe Peer-to-Peer Energy Trading in Distribution Grids: A Game-Theoretic Market-Clearing Mechanism

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Abstract

In future distribution grids, prosumers (i.e., energy consumers with storage and/or production capabilities) will trade energy with each other and with the main grid. To ensure an efficient and safe operation of energy trading, in this paper, we formulate a peer-to-peer energy market of prosumers as a generalized aggregative game, in which a network operator is only responsible for the operational constraints of the system. We design a distributed market-clearing mechanism with convergence guarantee to an economically-efficient and operationally-safe configuration (i.e., a variational generalized Nash equilibrium). Numerical studies on the IEEE 37-bus testcase show the scalability of the proposed approach and suggest that active participation in the market is beneficial for both prosumers and the network operator.

11 pages, 8 figures. Published in IEEE Transactions on Smart Grid, 2022

Countries

Netherlands, Spain

Related Organizations

Universitat Polite`cnica de Catalunya
Spain
Automatic Control Laboratory
Switzerland
Universitat Politècnica de Catalunya
Spain
Delft University of Technology
Netherlands
ETH Zurich
Switzerland

Keywords

Electric power production, FOS: Computer and information sciences, energy management, :Informàtica::Automàtica i control [Àrees temàtiques de la UPC], :Energies [Àrees temàtiques de la UPC], Systems and Control (eess.SY), Electrical Engineering and Systems Science - Systems and Control, Prosumers, Consumidors -- Preferències, Generalized nash equilibrium, Àrees temàtiques de la UPC::Energies, Àrees temàtiques de la UPC::Informàtica::Automàtica i control, FOS: Electrical engineering, electronic engineering, information engineering, FOS: Mathematics, Computer Science - Multiagent Systems, Peer-to-peer computing, generalized Nash equilibrium., Mathematics - Optimization and Control, distributed algorithm, Automatic voltage control, Distributed algorithm, Energy management, Production, 303, Energia elèctrica -- Producció, Reliability, Costs, Consumers' preferences, generalized Nash equilibrium, Distribution networks, Optimization and Control (math.OC), Couplings, Multiagent Systems (cs.MA)