Peer-to-Peer Transactive Energy Trading of Smart Homes/Buildings Contributed by A Cloud Energy Storage System
This paper presents a model for transactive energy management within microgrids (MGs) that include smart homes and buildings. The model focuses on peer-to-peer (P2P) transactive energy management among these homes, establishing a collaborative use of a cloud energy storage system (CESS) to reduce da...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2024-11-01
|
| Series: | Smart Cities |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2624-6511/7/6/136 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850085204838842368 |
|---|---|
| author | Shalau Farhad Hussein Sajjad Golshannavaz Zhiyi Li |
| author_facet | Shalau Farhad Hussein Sajjad Golshannavaz Zhiyi Li |
| author_sort | Shalau Farhad Hussein |
| collection | DOAJ |
| description | This paper presents a model for transactive energy management within microgrids (MGs) that include smart homes and buildings. The model focuses on peer-to-peer (P2P) transactive energy management among these homes, establishing a collaborative use of a cloud energy storage system (CESS) to reduce daily energy costs for both smart homes and MGs. This research assesses how smart homes and buildings can effectively utilize CESS while implementing P2P transactive energy management. Additionally, it explores the potential of a solar rooftop parking lot facility that offers charging and discharging services for plug-in electric vehicles (PEVs) within the MG. Controllable and non-controllable appliances, along with air conditioning (AC) systems, are managed by a home energy management (HEM) system to optimize energy interactions within daily scheduling. A linear mathematical framework is developed across three scenarios and solved using General Algebraic Modeling System (GAMS 24.1.2) software for optimization. The developed model investigates the operational impacts and optimization opportunities of CESS within smart homes and MGs. It also develops a transactive energy framework in a P2P energy trading market embedded with CESS and analyzes the cost-effectiveness and arbitrage driven by CESS integration. The results of the comparative analysis reveal that integrating CESS within the P2P transactive framework not only opens up further technical opportunities but also significantly reduces MG energy costs from $55.01 to $48.64, achieving an 11.57% improvement. Results are further discussed. |
| format | Article |
| id | doaj-art-9b6f2feb338e453fa9a54d2c8dcbdbfb |
| institution | DOAJ |
| issn | 2624-6511 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Smart Cities |
| spelling | doaj-art-9b6f2feb338e453fa9a54d2c8dcbdbfb2025-08-20T02:43:46ZengMDPI AGSmart Cities2624-65112024-11-01763489351010.3390/smartcities7060136Peer-to-Peer Transactive Energy Trading of Smart Homes/Buildings Contributed by A Cloud Energy Storage SystemShalau Farhad Hussein0Sajjad Golshannavaz1Zhiyi Li2Faculty of Electrical and Computer Engineering, Urmia University, Urmia 5756151818, IranFaculty of Electrical and Computer Engineering, Urmia University, Urmia 5756151818, IranCollege of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaThis paper presents a model for transactive energy management within microgrids (MGs) that include smart homes and buildings. The model focuses on peer-to-peer (P2P) transactive energy management among these homes, establishing a collaborative use of a cloud energy storage system (CESS) to reduce daily energy costs for both smart homes and MGs. This research assesses how smart homes and buildings can effectively utilize CESS while implementing P2P transactive energy management. Additionally, it explores the potential of a solar rooftop parking lot facility that offers charging and discharging services for plug-in electric vehicles (PEVs) within the MG. Controllable and non-controllable appliances, along with air conditioning (AC) systems, are managed by a home energy management (HEM) system to optimize energy interactions within daily scheduling. A linear mathematical framework is developed across three scenarios and solved using General Algebraic Modeling System (GAMS 24.1.2) software for optimization. The developed model investigates the operational impacts and optimization opportunities of CESS within smart homes and MGs. It also develops a transactive energy framework in a P2P energy trading market embedded with CESS and analyzes the cost-effectiveness and arbitrage driven by CESS integration. The results of the comparative analysis reveal that integrating CESS within the P2P transactive framework not only opens up further technical opportunities but also significantly reduces MG energy costs from $55.01 to $48.64, achieving an 11.57% improvement. Results are further discussed.https://www.mdpi.com/2624-6511/7/6/136peer-to-peer (P2P) transactive energy managementmicrogrid (MG)smart homes/buildingshome energy management (HEM)cloud energy storage system (CESS) |
| spellingShingle | Shalau Farhad Hussein Sajjad Golshannavaz Zhiyi Li Peer-to-Peer Transactive Energy Trading of Smart Homes/Buildings Contributed by A Cloud Energy Storage System Smart Cities peer-to-peer (P2P) transactive energy management microgrid (MG) smart homes/buildings home energy management (HEM) cloud energy storage system (CESS) |
| title | Peer-to-Peer Transactive Energy Trading of Smart Homes/Buildings Contributed by A Cloud Energy Storage System |
| title_full | Peer-to-Peer Transactive Energy Trading of Smart Homes/Buildings Contributed by A Cloud Energy Storage System |
| title_fullStr | Peer-to-Peer Transactive Energy Trading of Smart Homes/Buildings Contributed by A Cloud Energy Storage System |
| title_full_unstemmed | Peer-to-Peer Transactive Energy Trading of Smart Homes/Buildings Contributed by A Cloud Energy Storage System |
| title_short | Peer-to-Peer Transactive Energy Trading of Smart Homes/Buildings Contributed by A Cloud Energy Storage System |
| title_sort | peer to peer transactive energy trading of smart homes buildings contributed by a cloud energy storage system |
| topic | peer-to-peer (P2P) transactive energy management microgrid (MG) smart homes/buildings home energy management (HEM) cloud energy storage system (CESS) |
| url | https://www.mdpi.com/2624-6511/7/6/136 |
| work_keys_str_mv | AT shalaufarhadhussein peertopeertransactiveenergytradingofsmarthomesbuildingscontributedbyacloudenergystoragesystem AT sajjadgolshannavaz peertopeertransactiveenergytradingofsmarthomesbuildingscontributedbyacloudenergystoragesystem AT zhiyili peertopeertransactiveenergytradingofsmarthomesbuildingscontributedbyacloudenergystoragesystem |