Design of coordination mechanisms for price anticipatory transactive microgrids

Most Nahida Akter, Md Apel Mahmud*, Md Enamul Haque, Amanullah M.T. Oo

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

In this study, coordination mechanisms are designed for price anticipatory transactive microgrids. The mechanismsare designed by considering the neighbourhood energy transactions among different consumers in a residential microgrid aswell as energy trading among several microgrids within an area. The energy trading framework among different consumers in amicrogrid is developed based on a non-cooperative leader-follower game theoretic approach to maximise the utilities of bothsellers and buyers. The energy transactions among different parties within a microgrid are defined, in this study, as intramicrogrid energy trading. A double-auction mechanism is used for energy trading among different microgrids where energyshortage and excess information from each microgrid are coordinated. The proposed mechanisms are developed byconsidering the physical properties of microgrids, e.g. power flow and voltage variations. The performance of the proposedmechanism is evaluated through the investigation of different properties, e.g. individual rationality of participants, budgetbalance, operational efficiencies in terms of cost saving, and optimality to achieve the grid independency.

Original languageEnglish
Pages (from-to)1298-1310
Number of pages13
JournalIET Generation, Transmission and Distribution
Volume14
Issue number7
Early online date28 Feb 2020
DOIs
Publication statusPublished - 14 Apr 2020
Externally publishedYes

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