Energy Management and Peer-to-peer Trading in Future Smart Grids: A Distributed Game-Theoretic Approach

Giuseppe Belgioioso, Wicak Ananduta, Sergio Grammatico, Carlos Ocampo-Martinez

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

Abstract

We consider the economic dispatch problem for a day-ahead, peer-to-peer (P2P) electricity market of prosumers (i.e., energy consumers who can also produce electricity) in a distribution network. In our model, each prosumer has the capability of producing power through its dispatchable or non-dispatchable generation units and/or has a storage energy unit. Furthermore, we consider a hybrid main grid & P2P market in which each prosumer can trade power both with the main grid and with (some of) the other prosumers. First, we cast the economic dispatch problem as a noncooperative game with coupling constraints. Then, we design a fully-scalable algorithm to steer the system to a generalized Nash equilibrium (GNE). Finally, we show through numerical studies that the proposed methodology has the potential to ensure safe and efficient operation of the power grid.

Original languageEnglish
Title of host publicationProceedings of the European Control Conference 2020, ECC 2020
Place of PublicationPiscataway, NJ, USA
PublisherIEEE
Pages1324-1329
ISBN (Electronic)978-3-907144-01-5
ISBN (Print)978-3-907144-02-2
Publication statusPublished - May 2020
Event18th European Control Conference, ECC 2020 - Saint Petersburg, Russian Federation
Duration: 12 May 202015 May 2020

Conference

Conference18th European Control Conference, ECC 2020
CountryRussian Federation
CitySaint Petersburg
Period12/05/2015/05/20

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