Automated Negotiation for Peer-To-Peer Trading of Renewable Energy in Off-Grid Communities

Christie Etukudor, Valentin Robu, Benoit Couraud, Gudrun Kocher, Wolf Gerrit Fruh, David Flynn, Chinonso Okereke

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

2 Citations (Scopus)

Abstract

Electricity-Access is a growing concern in developing countries of Sub-Saharan Africa where approximately 563million people (8% of the global population) lack electricity. Many use fossil-fuel generators and/or solar-home-systems (SHSs) with storage. Given the observed excess and unutilized electricity generated from these SHSs, a novel community peer-To-peer (P2P) electricity-market using automated negotiations is presented as a solution to improve access to electricity. Software agents representing World Bank Tiers 1-4 electricity-Access households bilaterally negotiate electricity price and quantities applying five different negotiations heuristics. Simulation results show 65-100% trade of the excess generation; with Tiers 1-2 (low-income households) negotiating sufficient electricity (1-1.1kWh/day) at the least market-price of £0.35/kWh to move to Tier 3. Likewise, the Tier 3 household agent negotiated 1.5kWh/day sufficient to meet its needs. This novel electricitymarket model can help drive the United Nations goal of affordable, sustainable and modern energy for all by 2030.

Original languageEnglish
Title of host publicationIEEE PES/IAS PowerAfrica Conference
Subtitle of host publicationPower Economics and Energy Innovation in Africa, PowerAfrica 2019
PublisherInstitute of Electrical and Electronics Engineers (IEEE)
Pages243-248
Number of pages6
ISBN (Electronic)9781728110103
DOIs
Publication statusPublished - 2019
Externally publishedYes
Event2019 IEEE Power and Energy Society/Industrial Applications Society PowerAfrica Conference, PowerAfrica 2019 - Abuja, Nigeria
Duration: 20 Aug 201923 Aug 2019

Publication series

NameIEEE PES/IAS PowerAfrica Conference: Power Economics and Energy Innovation in Africa, PowerAfrica 2019

Conference

Conference2019 IEEE Power and Energy Society/Industrial Applications Society PowerAfrica Conference, PowerAfrica 2019
CountryNigeria
CityAbuja
Period20/08/1923/08/19

Keywords

  • automated negotiations
  • heuristic algorithms
  • multi-Agents trading
  • P2P Electricity Trade

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