Decentralized P2P Energy Trading Under Network Constraints in a Low-Voltage Network

By Jaysson Guerrero, Archie C. Chapman, Gregor Verbic. IEEE Transactions on Smart Grid, 2018

521 citations recorded by the source corpus.

The increasing uptake of distributed energy resources in distribution systems and the rapid advance of technology have established new scenarios in the operation of low-voltage networks. In particular, recent trends in cryptocurrencies and blockchain have led to a proliferation of peer-to-peer (P2P) energy trading schemes, which allow the exchange of energy between the neighbors without any intervention of a conventional intermediary in the transactions. Nevertheless, far too little attention has been paid to the technical constraints of the network under this scenario. A major challenge to implementing P2P energy trading is ensuring network constraints are not violated during the energy exchange. This paper proposes a methodology based on sensitivity analysis to assess the impact of P2P transactions on the network and to guarantee an exchange of energy that does not violate network constraints. The proposed method is tested on a typical U.K. low-voltage network. The results show that our method ensures that energy is exchanged between users under the P2P scheme without violating the network constraints, and that users can still capture the economic benefits of the P2P architecture.

Subfields: Control and Systems Engineering, Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/01c49338292689ba504f84ba2980903cdcb77f1e

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Citations in the corpus

A novel decentralized platform for peer-to-peer energy trading market with blockchain technology (2021, background): “[16] proposes a P2P market framework based on CDA for low-voltage networks.”
Peer-to-Peer Energy Systems for Connected Communities: A Review of Recent Advances and Emerging Challenges (2020, background): “b) Grid benefit: The grid can also exploit P2P energy sharing within the energy network to reduce its peak demand and balancing supply and demand within a community without compromising network security and loss performance [12], [128].”
A Motivational Game-Theoretic Approach for Peer-to-Peer Energy Trading in the Smart Grid (2019, methodology): “[19] proposes a methodology based on sensitivity analysis to assess the impact of P2P transactions on the network and to guarantee an exchange of energy that does not violate network constraints.”
Peer-to-Peer Trading in Electricity Networks: An Overview (2020, background): “In particular, [14] propose a decentralized P2P architecture that can facilitate local energy trading.”
State-of-the-Art Analysis and Perspectives for Peer-to-Peer Energy Trading (2020, background): “[50] developed a mechanism that examines whether a trade between peers would violate network constraints based on a sensitivity analysis, in order to decide whether the trade should be approved or not.”