Recent advances in information and communication technologies and smart metering, provides strategic opportunities for ``prosumers" to reform their conventional energy practices towards more consumer-centric economies. From an operational perspective, managing power distribution networks is becoming more difficult with such active grid-edge systems providing limited to no visibility or control. Transactive Energy (TE) has been emerging as a key enabler towards effectively and efficiently integrating prosumers into competitive electricity markets. This work presents a transactive implementation of community-centric markets. A co-simulation framework is developed for evaluating the proposed market structure with high-fidelity models. Case studies on the IEEE-123 node test system demonstrate that community-centric transactive markets can enable communities of prosumers to operate collaboratively as grid-edge systems. The potential benefits of implementing community-centric TE systems are also illustrated.
Published: November 11, 2021
Citation
Mukherjee M., T.D. Hardy, J.C. Fuller, and A. Bose. 2022.Implementing multi-settlement decentralized electricity market design for transactive communities with imperfect communication.Applied Energy 306, no. Part A:Article No. 117979.PNNL-SA-160753.doi:10.1016/j.apenergy.2021.117979