A Peer-to-Peer Electricity System and Its Simulation. (February 2019)

• Record Type: Journal Article
• Authors: Chen, Zhe; Xu, Peng; Chen, Yongbao
• Is Part Of: IOP conference series. Volume 238(2019)
• Publication Date: 2019-02
• Subjects: Earth sciences -- Periodicals; Environmental sciences -- Congresses; Environmental sciences -- Periodicals; 550.5
• DOI: 10.1088/1755-1315/238/1/012081
• Languages: English
• ISSNs: 1755-1307

Abstract

Abstract: There are many problems with the present centralized energy systems. With the advancement of distributed energy systems and the advancement of renewable energy technologies, the supply of electricity and heat will be gradually decentralized, forming the Energy Internet combined with information technology that makes energy transactions easier and more efficient. In this research, a bidding mechanism of peer to peer electricity system is proposed for supplier nodes and consumer nodes to sell or buy energy on the market. And computer simulation is applied to test and optimize the mechanism. The results indicate that the proposed mechanism conforms to the market regularity and can improve the efficiency of local energy utilization compared with the traditional centralized system, reduce the cost of consumers, propel the utilization of renewable energy, and make the market more flexible and transparent.