Mathematical model for agent-based local energy exchange engine (D3A)

Amin Shokri Gazafroudi, Godwin C. Okwuibe, Sarah Hambridge, Christopher Dietrich, Ana Trbovich, Peter Tzscheutschler, Thomas Hamacher, Miadreza Shafie-Khah

Publikation: Beitrag in Buch/Bericht/KonferenzbandKonferenzbeitragBegutachtung

5 Zitate (Scopus)

Abstract

In recent years, local energy markets have been introduced as a solution to create a competitive and fair environment for energy customers at the distribution level to trade locally. In this paper, a mathematical model for Grid Singularity's hierarchical agent-based local energy exchange engine (D3A) is presented, describing its agent-based framework, local market clearing mechanism and interval-based bidding strategies. The performance of D3A is also evaluated in a case study of a German energy community demonstrating that energy trading within a local energy market brings economic and technical benefits compared to transacting electricity with the up-stream grid and accelerates the decarbonization of the power system. According to our simulation results, we find that the community share of market savings and self sufficiency with continuous market clearing mechanisms is higher compared to the periodic market clearing mechanisms.

OriginalspracheEnglisch
TitelSEST 2021 - 4th International Conference on Smart Energy Systems and Technologies
Herausgeber (Verlag)Institute of Electrical and Electronics Engineers Inc.
ISBN (elektronisch)9781728176604
DOIs
PublikationsstatusVeröffentlicht - 6 Sept. 2021
Veranstaltung4th International Conference on Smart Energy Systems and Technologies, SEST 2021 - Virtual, Vaasa, Finnland
Dauer: 6 Sept. 20218 Sept. 2021

Publikationsreihe

NameSEST 2021 - 4th International Conference on Smart Energy Systems and Technologies

Konferenz

Konferenz4th International Conference on Smart Energy Systems and Technologies, SEST 2021
Land/GebietFinnland
OrtVirtual, Vaasa
Zeitraum6/09/218/09/21

Fingerprint

Untersuchen Sie die Forschungsthemen von „Mathematical model for agent-based local energy exchange engine (D3A)“. Zusammen bilden sie einen einzigartigen Fingerprint.

Dieses zitieren