An optimal distributed transactive energy sharing approach for residential microgrids

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

doi:10.1109/PESGM.2017.8273879

An optimal distributed transactive energy sharing approach for residential microgrids

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

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

21 Citations (Scopus)

Abstract

This paper presents an optimal distributed approach for transactive energy sharing in residential microgrids. A mixed-integer linear programming (MILP) problem is formulated to optimize energy sharing tasks of different types of residential houses along with the reduction in total operational costs as well as optimal charging and discharging of energy storages. In this paper, the energy sharing problem is first formulated as a centralized optimization problem and then decomposed into one master problem and two sub-problems in order to reduce the computational burden and avoid sharing private information of customers. The proposed distributed energy sharing framework based on the MILP is evaluated on a residential microgrid in terms of analyzing energy utilization (both renewable energy sources and energy storages) and cost-benefits while the computational efficiency is evaluated through the convergence speed. Analytical results clearly reflect the effectiveness and efficiency of the proposed optimal distributed energy sharing framework.

Original language	English
Title of host publication	2017 IEEE Power and Energy Society General Meeting, PESGM 2017
Place of Publication	Piscataway, NJ
Publisher	IEEE
Number of pages	5
ISBN (Electronic)	9781538622124
DOIs	https://doi.org/10.1109/PESGM.2017.8273879
Publication status	Published - 20 Jul 2017
Externally published	Yes
Event	2017 IEEE Power and Energy Society General Meeting, PESGM 2017 - Chicago, United States Duration: 16 Jul 2017 → 20 Jul 2017

Publication series

Name	IEEE Power and Energy Society General Meeting
Volume	2018-January
ISSN (Print)	1944-9925
ISSN (Electronic)	1944-9933

Conference

Conference	2017 IEEE Power and Energy Society General Meeting, PESGM 2017
Country/Territory	United States
City	Chicago
Period	16/07/17 → 20/07/17

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Convergence speed
Cost-benefit analysis
Energy utilization
Mixed-integer linear programming (MILP)
Operational cost
Transactive energy sharing

Access to Document

10.1109/PESGM.2017.8273879

Cite this

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title = "An optimal distributed transactive energy sharing approach for residential microgrids",

abstract = "This paper presents an optimal distributed approach for transactive energy sharing in residential microgrids. A mixed-integer linear programming (MILP) problem is formulated to optimize energy sharing tasks of different types of residential houses along with the reduction in total operational costs as well as optimal charging and discharging of energy storages. In this paper, the energy sharing problem is first formulated as a centralized optimization problem and then decomposed into one master problem and two sub-problems in order to reduce the computational burden and avoid sharing private information of customers. The proposed distributed energy sharing framework based on the MILP is evaluated on a residential microgrid in terms of analyzing energy utilization (both renewable energy sources and energy storages) and cost-benefits while the computational efficiency is evaluated through the convergence speed. Analytical results clearly reflect the effectiveness and efficiency of the proposed optimal distributed energy sharing framework.",

keywords = "Convergence speed, Cost-benefit analysis, Energy utilization, Mixed-integer linear programming (MILP), Operational cost, Transactive energy sharing",

author = "Akter, \{M. N.\} and Mahmud, \{M. A.\} and Oo, \{Amanullah M.T.\}",

year = "2017",

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doi = "10.1109/PESGM.2017.8273879",

language = "English",

series = "IEEE Power and Energy Society General Meeting",

publisher = "IEEE",

booktitle = "2017 IEEE Power and Energy Society General Meeting, PESGM 2017",

address = "United States",

note = "2017 IEEE Power and Energy Society General Meeting, PESGM 2017 ; Conference date: 16-07-2017 Through 20-07-2017",

}

Akter, MN, Mahmud, MA & Oo, AMT 2017, An optimal distributed transactive energy sharing approach for residential microgrids. in 2017 IEEE Power and Energy Society General Meeting, PESGM 2017., 8273879, IEEE Power and Energy Society General Meeting, vol. 2018-January, IEEE, Piscataway, NJ, 2017 IEEE Power and Energy Society General Meeting, PESGM 2017, Chicago, United States, 16/07/17. https://doi.org/10.1109/PESGM.2017.8273879

An optimal distributed transactive energy sharing approach for residential microgrids. / Akter, M. N.; Mahmud, M. A.; Oo, Amanullah M.T.
2017 IEEE Power and Energy Society General Meeting, PESGM 2017. Piscataway, NJ: IEEE, 2017. 8273879 (IEEE Power and Energy Society General Meeting; Vol. 2018-January).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - An optimal distributed transactive energy sharing approach for residential microgrids

AU - Akter, M. N.

AU - Mahmud, M. A.

AU - Oo, Amanullah M.T.

PY - 2017/7/20

Y1 - 2017/7/20

N2 - This paper presents an optimal distributed approach for transactive energy sharing in residential microgrids. A mixed-integer linear programming (MILP) problem is formulated to optimize energy sharing tasks of different types of residential houses along with the reduction in total operational costs as well as optimal charging and discharging of energy storages. In this paper, the energy sharing problem is first formulated as a centralized optimization problem and then decomposed into one master problem and two sub-problems in order to reduce the computational burden and avoid sharing private information of customers. The proposed distributed energy sharing framework based on the MILP is evaluated on a residential microgrid in terms of analyzing energy utilization (both renewable energy sources and energy storages) and cost-benefits while the computational efficiency is evaluated through the convergence speed. Analytical results clearly reflect the effectiveness and efficiency of the proposed optimal distributed energy sharing framework.

AB - This paper presents an optimal distributed approach for transactive energy sharing in residential microgrids. A mixed-integer linear programming (MILP) problem is formulated to optimize energy sharing tasks of different types of residential houses along with the reduction in total operational costs as well as optimal charging and discharging of energy storages. In this paper, the energy sharing problem is first formulated as a centralized optimization problem and then decomposed into one master problem and two sub-problems in order to reduce the computational burden and avoid sharing private information of customers. The proposed distributed energy sharing framework based on the MILP is evaluated on a residential microgrid in terms of analyzing energy utilization (both renewable energy sources and energy storages) and cost-benefits while the computational efficiency is evaluated through the convergence speed. Analytical results clearly reflect the effectiveness and efficiency of the proposed optimal distributed energy sharing framework.

KW - Convergence speed

KW - Cost-benefit analysis

KW - Energy utilization

KW - Mixed-integer linear programming (MILP)

KW - Operational cost

KW - Transactive energy sharing

UR - https://www.scopus.com/pages/publications/85046339448

U2 - 10.1109/PESGM.2017.8273879

DO - 10.1109/PESGM.2017.8273879

M3 - Conference contribution

AN - SCOPUS:85046339448

T3 - IEEE Power and Energy Society General Meeting

BT - 2017 IEEE Power and Energy Society General Meeting, PESGM 2017

PB - IEEE

CY - Piscataway, NJ

T2 - 2017 IEEE Power and Energy Society General Meeting, PESGM 2017

Y2 - 16 July 2017 through 20 July 2017

ER -

An optimal distributed transactive energy sharing approach for residential microgrids

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

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