Communication‐resilient and convergence‐fast peer‐to‐peer energy trading scheme in a fully decentralized framework

Feng, Changsen;Wu, Hang;Yang, Jiajia;Li, Zhiyi;Zhang, Youbing;Wen, Fushuan

Abstract

The wide deployment of distributed energy resources, combined with a more proactive demand-side management, is boosting the emergence of the peer-to-peer market. In the present study, an innovative peer-to-peer energy trading model is introduced, enabling a group of price-setting prosumers to engage in direct negotiations via a straightforward best-response approach. A Nash equilibrium problem (NEP) is initially formulated and a sufficient condition for the unique solution of the NEP is derived. Afterward, an asynchronous and convergence-fast solving method is employed to determine the trading quantity and price. The efficiency and resilience of the presented method are demonstrated through a comprehensive case study.

Journal

Energy Conversion and Economics

Publication Name

Energy Conversion and Economics

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ISBN/ISSN

2634-1581

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Publisher

John Wiley & Sons

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DOI

10.1049/enc2.12116