Local Energy Trading Markets


Market framework for local energy trading: a review of potential designs and market clearing approaches


Mohsen Khorasany, Yateendra Mishra, and Gerard Ledwich, 2018,

IET Generation, Transmission & Distribution

This review paper contains over a hundred references to various aspects of its topic, and the principal aim of this post is to identify those which are at present available on open access. The paper is presented in the following sections, each of which is followed here by the reference numbers in the original.

Introduction [2, 6, 7, 8]

Local Energy Trading [17, 18, 20, 21, 22, 23]

Market Players [47, 63, 72, 73, 78, 89]

Optimization objective [37, 38, 50, 51, 52, 53, 60, 72, 73, 78, 90]

Overview of different market clearing approaches [98, 99, 100, 102, 103, 105, 106, 108, 109]

Discussion and analysis [112]

Conclusions and future works

References:

[2] A tale of two visions: Designing a decentralized transactive electric system
L Kristov, P De Martini, JD Taft - IEEE Power and Energy …, 2016 – ieeexplore.ieee.org

[6] An energy market for trading electricity in smart grid neighbourhoods
D Ilic, PG Da Silva, S Karnouskos… - … (DEST), 2012 6th …, 2012 – ieeexplore.ieee.org

[7] Energy management in prosumer communities: A coordinated approach
R Verschae, T Kato, T Matsuyama - Energies, 2016 – mdpi.com

[8] Demand response for renewable energy integration and load balancing in smart grid communities
A Chiş, J Rajasekharan, J Lundén… - … (EUSIPCO), 2016 24th …, 2016 – ieeexplore.ieee.org

[17] Dynamic planning of distributed generation units in active distribution network
S Abapour, K Zare… - IET Generation …, 2015 – ieeexplore.ieee.org

[18] Public acceptance and preferences related to renewable energy and grid expansion policy: Empirical insights for Germany
V Bertsch, M Hall, C Weinhardt, W Fichtner - Energy, 2016 – Elsevier

[20] Transforming Energy Networks via Peer to Peer Energy Trading: Potential of Game Theoretic Approaches
W Tushar, C Yuen, H Mohsenian-Rad, T Saha… - arXiv preprint arXiv …, 2018 – arxiv.org

[21] A survey on energy trading in smart grid
IS Bayram, MZ Shakir, M Abdallah… - Signal and Information …, 2014 - ieeexplore.ieee.org

[22] The Next-Generation US Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey
T Chen, Q Alsafasfeh, H Pourbabak, W Su - Energies, 2017 – mdpi.com

[23] Recent Advances in Local Energy Trading in the Smart Grid Based on Game–Theoretic Approaches
M Pilz, L Al-Fagih - IEEE Transactions on Smart Grid, 2017 – ieeexplore.ieee.org

[37] Strategic Behavior of Multi-Energy Players in Electricity Markets as Aggregators of Demand Side Resources using a Bi-level Approach
M Yazdani-Damavandi, N Neyestani… - … on Power Systems, 2018 – ieeexplore.ieee.org

[38] A novel consensus-based distributed algorithm for economic dispatch based on local estimation of power mismatch
H Pourbabak, J Luo, T Chen… - IEEE Transactions on …, 2018 – ieeexplore.ieee.org

[47] Energy storage sharing in smart grid: A modified auction-based approach
W Tushar, B Chai, C Yuen, S Huang… - … on Smart Grid, 2016 – ieeexplore.ieee.org

[50] Enabling localized peer-to-peer electricity trading among plug-in hybrid electric vehicles using consortium blockchains
J Kang, R Yu, X Huang, S Maharjan… - IEEE Transactions …, 2017 – ieeexplore.ieee.org

[51] A game-theoretic approach to energy trading in the smart grid
Y Wang, W Saad, Z Han, HV Poor… - IEEE Transactions on …, 2014 – ieeexplore.ieee.org

[52] Distributed real-time demand response in multiseller–multibuyer smart distribution grid
R Deng, Z Yang, F Hou, MY Chow… - IEEE Transactions on …, 2015 – ieeexplore.ieee.org

[53] An efficient iterative double auction for energy trading in microgrids
BP Majumder, MN Faqiry, S Das… - … Applications in Smart …, 2014 – ieeexplore.ieee.org

[60] A Budget Balanced Energy Distribution Mechanism among Consumers and Prosumers in Microgrid
MN Faqiry, S Das - Internet of Things (iThings) and IEEE Green …, 2016 – ieeexplore.ieee.org

[63] Distributed market clearing approach for local energy trading in transactive market
M Khorasany, Y Mishra… - 2018 IEEE Power & Energy …, 2018 – ieeexplore.ieee.org

[72] Auction based energy trading in transactive energy market with active participation of prosumers and consumers
M Khorasany, Y Mishra… - Universities Power …, 2017 – ieeexplore.ieee.org

[73] Double-sided energy auction in microgrid: Equilibrium under price anticipation
MN Faqiry, S Das - IEEE Access, 2016 – ieeexplore.ieee.org

[78] Flexible market for smart grid: coordinated trading of contingent contracts
J Qin, R Rajagopal, PP Varaiya - IEEE Transactions on Control …, 2017 – ieeexplore.ieee.org

[89] Simple day-ahead bidding algorithm for a system with microgrids and a distributor
L Jelenković, T Budrović - The 38th International Convention on …, 2015 – bib.irb.hr

[90] Proposing an electricity market framework for the Energy Internet
W Su, AQ Huang - Power and Energy Society General Meeting …, 2013 – ieeexplore.ieee.org

[98] Networked control systems
FY Wang, D Liu - Theory and Applications, Springer-Verlag, London, 2008 – Springer

[99] Distributed multiuser optimization: Algorithms and error analysis
J Koshal, A Nedić, UV Shanbhag - Decision and Control, 2009 …, 2009 – ieeexplore.ieee.org

[100] Note on non-cooperative convex games
H Nikaidô, K Isoda - Pacific Journal of Mathematics, 1955 – msp.org

[102] Agent-based simulation of electricity markets: a survey of tools
Z Zhou, WKV Chan, JH Chow - Artificial Intelligence Review, 2007 – Springer

[103] An introduction to agent-based modeling for undergraduates
AB Shiflet, GW Shiflet - Procedia computer science, 2014 – Elsevier

[105] Extended second price auctions with elastic supply for pev charging in the smart grid
S Bhattacharya, K Kar, JH Chow… - IEEE Transactions on …, 2016 – ieeexplore.ieee.org

[106] An iterative on-line auction mechanism for aggregated demand-side participation
AC Chapman, G Verbič - IEEE Transactions on Smart Grid, 2017 – ieeexplore.ieee.org

[108] Consensus-based approach to peer-to-peer electricity markets with product differentiation
E Sorin, L Bobo, P Pinson - arXiv preprint arXiv:1804.03521, 2018 – arxiv.org

[109] Consensus+ Innovations Approach for Distributed Multiagent Coordination in a Microgrid.
G Hug, S Kar, C Wu - IEEE Trans. Smart Grid, 2015 – ieeexplore.ieee.org

[112] Designing microgrid energy markets: A case study: The Brooklyn Microgrid
E Mengelkamp, J Gärttner, K Rock, S Kessler, L Orsini… - Applied Energy, 2018 - Elsevier



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