A hierarchical transactive energy management system for microgrids

M. N. Akter, M. A. Mahmud, Amanullah M.T. Oo

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

52 Citations (Scopus)

Abstract

This paper presents a hierarchical transactive energy management framework for a residential microgrid to share excess energy of prosumers with neighbors. A three-level hierarchical structure is proposed in this paper which facilitates energy management in different houses, energy sharing and transactions among neighbors and with the grid. The priority of sharing energy among different houses in a microgrid as well as with the grid is set in such a way that the houses, which have their own generation, will first fulfill their own demand. The power sharing among different houses demonstrates that there are some savings in electricity for a certain period. A generalized cost-benefit analysis framework has been developed by considering different tariff structures (flat rate and feed-in tariff) to assess the financial benefits of patrons to be involved in energy sharing projects. Results from the analysis demonstrate that with the ever decreasing feed-in tariff in Australia, not only the prosumers but the residents without renewable energy sources and energy storage systems can be benefitted through the proposed transactive energy management scheme.

Original languageEnglish
Title of host publication2016 IEEE Power and Energy Society General Meeting, PESGM 2016
Place of PublicationPiscataway, NJ
PublisherIEEE
ISBN (Electronic)9781509041688
DOIs
Publication statusPublished - 21 Jul 2016
Externally publishedYes
Event2016 IEEE Power and Energy Society General Meeting, PESGM 2016 - Boston, United States
Duration: 17 Jul 201621 Jul 2016

Publication series

NameIEEE Power and Energy Society General Meeting
Volume2016-November
ISSN (Print)1944-9925
ISSN (Electronic)1944-9933

Conference

Conference2016 IEEE Power and Energy Society General Meeting, PESGM 2016
Country/TerritoryUnited States
CityBoston
Period17/07/1621/07/16

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