Multi P2P Energy Trading Market, Integrating Energy Storage Systems and Used for Optimal Scheduling

Abstract

The increasing use of renewable energy and storage systems by end users has changed the paradigm of electricity markets, with consumers changing their role from passive to active players, the so-called prosumers. Different countries have encouraged the aggregation of these prosumers in energy communities. In these communities, it is essential to create a market to manage energy exchanges between neighbors, who can sell surpluses or buy energy to reduce their bills. This paper presents the framework definition of a multi-peer-to-peer market. As contributions, it defines how storage systems can participate in the market and multiple exchanges between prosumers are possible. This market can be integrated in an optimization process to perform optimal scheduling in the community by setting an objective. All this has been tested in a community with 5 prosumers with generation and storage, where the effect of multiple exchanges and valuation of assets is observed, achieving as a result higher bill reductions.

Keywords

• Local electricity market
• local energy community
• optimization
• peer-to-peer transactions
• prosumers
• energy storage systems