Decentralized trading mechanism of shared energy storage in a residential community considering preference of trading subjects

Abstract

With the decrease in energy storage costs and the popularization of the shared economy principle, shared energy storage (SES) has been gradually deployed in the residential community to reduce energy costs. However, centralized trading platforms for SES trading are rare in the residential community, so it is difficult for users with the trading demands to search for appropriate trading partners and make a deal. To address the above problem, a decentralized trading mechanism of SES considering the preference of trading subjects is proposed to enable the users in the residential community to trade in the absence of centralized trading platforms. The cost-based price models are built to determine the acceptable price ranges for SES users, DG users and power consumers, which will be used as the basis for the quotation in the process of decentralized trading. Moreover, based on a multinomial logit model and an improved Rubinstein model, the trading partner selection method and the negotiation strategy are proposed to be adopted in the decentralized trading mechanism. Through the autonomous selection of trading partners and multiple rounds of negotiation and quotation, the trading probability of the users can be improved. Numerical simulation studies show that the proposed decentralized trading mechanism can achieve a higher sale rate of SES trading. All types of users can obtain revenue or reduce energy costs through SES trading.

Keywords

• Shared energy storage
• Decentralized trading mechanism
• Rubinstein model
• Multinomial logit model
• Distributed energy storage