A novel transactive energy trading model for modernizing energy hubs in the coupled heat and electricity network
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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier Ltd
Access Rights
info:eu-repo/semantics/embargoedAccess
Abstract
A high or full contribution of renewable energy resources (RERs) in future modern grids is inevitable due to a great need for developing an environmentally friendly society. In modernizing renewable-based energy hubs, optimal energy management has been rapidly challenged due to intermittences of RERs in multi-vector energy networks (MVENs) over recent years. This paper proposes an innovative peer-to-peer (P2P) energy trading model for energy management of multi-vector energy hubs to consider the unpredictability challenge of RERs. For this purpose, the transactive energy paradigm is used to advance a new sustainable energy sharing environment for creating time-to-time energy balance by enabling energy hubs to exchange energy with each other freely. The uncertainty quantification was conducted by applying an autoregressive integrated moving average for generating multiple scenarios and the fast forward selection method for reducing them to the plausible number in the stochastic programming process. The coupled IEEE 10-bus and 10-node district heating network was designated as the test system for analyzing the optimal energy management of the distributed hub energies. The results designated the effectiveness of the proposed transactive energy-based P2P energy trading model in providing momentous financial and technical benefits for community energy hubs in MVENs.
Description
Keywords
Energy management Modern multi-vector energy networks Transactive energy Renewable energy sources Peer-to-peer energy trading Grid modernization
Journal or Series
Journal of Cleaner Production
WoS Q Value
Q1
Scopus Q Value
N/A
Volume
344
