Conference paper Open Access
Local Peer-to-Peer Energy Transaction Framework Based on Time of Using Pricing Scheme
Qiao, Zhi;
Yang, Jin;
Li, Jie
The integration of Renewable Energy Sources (RESs) and Plug-in Electric Vehicles (PEVs) into existing Low Voltage (LV) distribution networks may cause bi-directional power flow, thermal, voltage and other technical issues. In this paper, real-time intelligent PEV charging management and distributed Battery Energy Storage (BES) Systems are implemented to mitigate these technical impacts on the distribution grids. Based on the concept of future Smart Grid, a novel local Peer-to-Peer (P2P) energy transaction framework based on Time of Using (ToU) pricing scheme is proposed to make profits for domestic customers by utilising the available BES and RESs' generation capacity. This P2P real-time energy transaction framework revolutes the traditional electricity market, providing a platform for Microgrid operation in islanding mode during utility grid disturbance.
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APSCOM2018 PaperID 54 Zhi Qiao v0509.pdf
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- Publication date:
- November 11, 2018
- DOI:
-
- Keyword(s):
- Plug-in Electric Vehicle Smart Grid Distributed Energy Storage Local Energy Trading Time of Using Pricing
- Grants:
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European Commission:
- RDC2MT - Research, Demonstration, and Commercialisation of DC Microgrid Technologies (734796)
- Meeting:
- The 11th IET International Conference On Advances In Power System Control, Operation And Management (APSCOM), Hong Kong, 11-15 Nov 2018
- Communities:
- License (for files):
- Creative Commons Attribution 4.0 International