Universität zu Köln

Talari, Saber ORCID: 0000-0003-1368-781X, Khorasany, Mohsen, Razzaghi, Reza, Ketter, Wolfgang and Gazafroudi, Amin Shokri (2022). Mechanism design for decentralized peer-to-peer energy trading considering heterogeneous preferences. Sust. Cities Soc., 87. AMSTERDAM: ELSEVIER. ISSN 2210-6715

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Abstract

The bottom-up evolution of power systems demonstrates that the integrated decentralized grid is a compelling vision of the future distribution grid. Hence, the concept of fully decentralized peer-to-peer (P2P) energy markets allows the prosumers to directly trade electricity among each other and makes them one step closer to be independent from upstream generation. To this end, an appropriate market mechanism should be designed to not only the prosumers get encouraged to participate in the market but prosumers' preferences get taken into consideration. In this paper, a fully decentralized market mechanism is designed in which the preferences of prosumers including willingness to trade green energy, trading partner's reputation and location in the network are taken into account. Prosumers check other peers' attributes and select the one who satisfies their preferences the most. The designed market mechanism satisfies market properties involving balanced budget, individual rationality, and Bayesian-Nash incentive compatibility. Prosumers with excess/shortage of power are motivated to individually participate in the market while preserving their privacy. Simulation results verify the effectiveness of the proposed mechanism and premiums in the matching pattern and achieving the desired outcome for prosumers over the course of a day.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Talari, Saber UNSPECIFIED orcid.org/0000-0003-1368-781X UNSPECIFIED Khorasany, Mohsen UNSPECIFIED UNSPECIFIED UNSPECIFIED Razzaghi, Reza UNSPECIFIED UNSPECIFIED UNSPECIFIED Ketter, Wolfgang UNSPECIFIED UNSPECIFIED UNSPECIFIED Gazafroudi, Amin Shokri UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-671245
DOI:	10.1016/j.scs.2022.104182
Journal or Publication Title:	Sust. Cities Soc.
Volume:	87
Date:	2022
Publisher:	ELSEVIER
Place of Publication:	AMSTERDAM
ISSN:	2210-6715
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language Construction & Building Technology; Green & Sustainable Science & Technology; Energy & Fuels Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/67124