Journal ArticleUnknown
Grid Influenced Peer-to-Peer Energy Trading
Authors
Author Affiliations
Queensland University of Technology, The University of Queensland, Singapore University of Technology and Design, University of Oxford, ...
Published InIEEE Transactions on Smart Grid
Year2019
Citations292
Abstract
This paper proposes a peer-to-peer (P2P) energy trading scheme that can help a centralized power system to reduce the total electricity demand of its customers at the peak hour. To do so, a cooperative Stackelberg game is formulated, in which the centralized power system acts as the leader that needs to decide on a price at the peak demand period to incentivize prosumers to not seek any energy from it. The prosumers, on the other hand, act as followers and respond to the leader's decision by forming suitable coalitions with neighboring prosumers in order to participate in P2P energy trading to meet their energy demand. The properties of the proposed Stackelberg game are studied. It is shown that the game…
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Fields & Keywords
Physical SciencesEngineeringElectrical and Electronic EngineeringSmart Grid Energy ManagementElectric Vehicles and InfrastructureSmart Grid Security and ResilienceMathematical optimizationEnvironmental economicsDistributed computingMicroeconomicsElectrical engineeringGeometryMathematical analysisFinance