Please use this identifier to cite or link to this item: http://hdl.handle.net/11328/4425
Title: Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems
Authors: Javadi, Mohammad Sadegh
Gough, Matthew
Nezhad, Ali Esmaeel
Santos, Sérgio F.
Shafie-khah, Miadreza
Catalão, Joao P. S.
Keywords: Home energy management system
Local energy community
Time of use tariff
Issue Date: Apr-2022
Publisher: Elsevier
Citation: Javadi, M. S., Gough, M., Nezhad, A. E., Santos, S. F., Shafie-khah, M., Catalão, J. P. S. (2022). Pool trading model within a local energy community considering flexible loads, photovoltaic generation and energy storage systems. Sustainable Cities and Society, 79(103747), 1-11. https://doi.org/10.1016/j.scs.2022.103747. Repositório Institucional UPT. http://hdl.handle.net/11328/4425
Abstract: This paper presents a pool trading model within a local energy community considering home energy management systems (HEMSs) and other consumers. A transparent mechanism for market clearing is proposed to incentivise active prosumers to trade their surplus energy within a rule-based pool market in the local energy community. A price-based demand response program (PBDRP) is considered to increase the consumers’ willingness to modify their consumption. The mathematical optimization problem is a standard mixed-integer linear programming (MILP) problem to allow for rapid assessment of the trading market for real energy communities which have a considerable number of consumers. This allows for novel energy trading strategies amongst different clients in the model and for the integration of a pool energy trading model at the level of the local energy community. The objective function of the energy community is to minimize the overall bills of all participants while fulfilling their demands. Two different scenarios have been evaluated, independent and integrated operation modes, to show the impacts of coordination amongst different end-users. Results show that through cooperation, end-users in the local energy community market can reduce the total electricity bill. This is shown in a 16.63% cost reduction in the independent operation and a 21.38% reduction in the integrated case. Revenues for active consumers under coordination increased compared to independent operation of the HEMS.
URI: http://hdl.handle.net/11328/4425
ISSN: 2210-6707 (Print)
2210-6715 (Electronic)
Appears in Collections:REMIT – Artigos em Revistas Internacionais / Papers in International Journals

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