P2P Energy Trading Among Microgrids Under Partial-Decision Information

As the number of microgrids(MGs) continues to increase, multi-micro grids peer-to-peer (P2P) energy trading plays a crucial role in promoting regional energy interconnection and the local consumption of clean energy. Since each MG operates as an independent entity, there is often an information gap between them under partial-decision information, which may lead to inefficient or suboptimal transactions. To address this challenge, this paper proposes a distributed optimization method for P2P energy trading under partial-decision information. First, multi-micro grids transaction model is established, accounting for limited information exchange. Then, the model is enhanced based on estimations between participants, followed by parallel computation using the inexact alternating direction multiplier method (I-ADMM). Finally, through case analysis, it is demonstrated that after more than 10 iterations, the transactions between MGs converge to a consistent state.

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Publication Details

Published
2024-10-25
DOI
https://doi.org/10.1109/appeec61255.2024.10922442
Primary Topic
Smart Grid Energy Management
Type
article
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article

P2P Energy Trading Among Microgrids Under Partial-Decision Information

Xin Jin, Yuanyuan Zhao, Linlin Wang, Luhao Wang et al.
Smart Grid Energy Management
article

P2P Energy Trading Among Microgrids Under Partial-Decision Information

Xin Jin, Yuanyuan Zhao, Linlin Wang, Luhao Wang, Y. X. Yang, Xue Xin
article en

Abstract

As the number of microgrids(MGs) continues to increase, multi-micro grids peer-to-peer (P2P) energy trading plays a crucial role in promoting regional energy interconnection and the local consumption of clean energy. Since each MG operates as an independent entity, there is often an information gap between them under partial-decision information, which may lead to inefficient or suboptimal transactions. To address this challenge, this paper proposes a distributed optimization method for P2P energy trading under partial-decision information. First, multi-micro grids transaction model is established, accounting for limited information exchange. Then, the model is enhanced based on estimations between participants, followed by parallel computation using the inexact alternating direction multiplier method (I-ADMM). Finally, through case analysis, it is demonstrated that after more than 10 iterations, the transactions between MGs converge to a consistent state.

University of Jinan (CN)
Affordable and clean energy
Openalex Percentile: Top 74%
Smart Grid Energy Management
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P2P Energy Trading Among Microgrids Under Partial-Decision Information — Xin Jin, Yuanyuan Zhao, et al. · (2024) | TGRS Research Map | TGRS