Impacts of Random Household Participations on a Transactive Open Energy Market in Residential Microgrids

M. N. Akter, M. A. Mahmud, M. E. Haque

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

2 Citations (Scopus)

Abstract

The paper investigates the impacts of random household participations in a transactive open energy market (TOEM) in residential microgrids. The strategic decision making procedures of different households with diverse renewable energy portfolios are analyzed by formulating a non-cooperative game for neighborhood energy transactions. In the proposed TOEM, houses with energy excesses initiate the energy trading process while houses with energy shortages act as followers to meet their demands by purchasing energy at competitive prices. Moreover, there are flexibilities for participants for energy transactions in the TOEM, i.e., individual households are free either to participate or not. The impacts of random participations of different households for energy trading in residential microgrids with the TOEM are analyzed in this paper in terms of utilities of sellers and buyers. Several case studies are conducted using residential house level data for energy generations and consumptions by considering Australian scenarios in order to show how the proposed energy trading game achieves cost savings as well as how random participations of different households affect individual rationalities.

Original languageEnglish
Title of host publication2018 IEEE Power and Energy Society General Meeting, PESGM 2018
Place of PublicationPiscataway, NJ
PublisherIEEE
ISBN (Electronic)9781538677032
DOIs
Publication statusPublished - 10 Aug 2018
Externally publishedYes
Event2018 IEEE Power and Energy Society General Meeting, PESGM 2018 - Portland, United States
Duration: 5 Aug 201810 Aug 2018

Publication series

NameIEEE Power and Energy Society General Meeting
Volume2018-August
ISSN (Print)1944-9925
ISSN (Electronic)1944-9933

Conference

Conference2018 IEEE Power and Energy Society General Meeting, PESGM 2018
Country/TerritoryUnited States
CityPortland
Period5/08/1810/08/18

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