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Incorporating P2P Trading Into DSO's Decision-Making: A DSO-Prosumers Cooperated Scheduling Framework for Transactive Distribution System

  • Hongzhang Sheng
  • , Chengfu Wang*
  • , Xiaoming Dong
  • , Ke Meng
  • , Zhaoyang Dong
  • *Corresponding author for this work

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

Abstract

The emerging prosumers have changed the way traditional distribution systems operate. While harvesting the benefits of Distributed Energy Resources (DERs), prosumers' self-dispatching and internal energy trading can also bring technical challenges and economic loss to the distribution system operator (DSO). To this end, a DSO-prosumers cooperated scheduling framework for the transactive distribution system, which considers the impact of prosumers' peer-to-peer (P2P) energy trading, is proposed in this paper. First, by incorporating the P2P energy trading among prosumers into scheduling, prosumers and the DSO can cooperate to optimize the power flow. Meanwhile, the Nash bargaining theory is introduced to achieve the optimal allocation of interests. Then, to improve the computational efficiency, the established bargaining problem is decomposed into two subproblems, i.e., the optimal physical power flow problem, and the virtual power flow bargaining problem. Finally, in order to protect individual privacy, each problem is solved via the alternating direction method of multipliers (ADMM) algorithm in a distributed manner. Case study based on the IEEE 33-bus test system verifies the effectiveness of the proposed method. © 2022 IEEE.
Original languageEnglish
Pages (from-to)2362-2375
JournalIEEE Transactions on Power Systems
Volume38
Issue number3
Online published29 Jun 2022
DOIs
Publication statusPublished - May 2023
Externally publishedYes

Research Keywords

  • Distribution system scheduling
  • Nash Bargaining
  • peer-to-peer energy trading
  • transactive energy

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