A network-secure peer-to-peer trading framework for electricity-carbon integrated market among local prosumers. (1st April 2023)

• Record Type: Journal Article
• Authors: Li, Junkai; Ge, Shaoyun; Xu, Zhengyang; Liu, Hong; Li, Jifeng; Wang, Chengshan; Cheng, Xueying
• Is Part Of: Applied energy. Volume 335(2023)
• Publication Date: 2023-04-01
• Subjects: MLMF Stackelberg game -- P2P electricity-carbon integrated market -- Network reconfiguration; Power (Mechanics) -- Periodicals; Energy conservation -- Periodicals; Energy conversion -- Periodicals; 621.042
• DOI: 10.1016/j.apenergy.2022.120420
• Languages: English
• ISSNs: 0306-2619

Abstract

Highlights: A peer-to-peer trading mechanism is proposed for electricity-carbon integrated market on basis of Stackelberg game, which allows prosumers to change the roles between buyers and sellers flexibly. The existence and uniqueness of Stackelberg equilibrium is demonstrated for the established electricity-carbon integrated market. Both centralized analytical algorithm and decentralized iterative algorithm are expounded to solve the game model. A two-stage peer-to-peer trading framework is extended to the electricity-carbon integrated market to support the transactive results of electricity and carbon allowance. Abstract: The emergence of prosumers with considerable renewables promotes the lower-carbon operation of distribution network. However, prosumers' flexible roles also bring new challenges to establish a fairness distribution-level transactive market and ensure the security in distribution network. To address this issue, this paper presents a network-secure peer-to-peer (P2P) market with two-stage framework. In the first stage, a multi leaders multi followers (MLMF) Stackelberg game is utilized to establish the P2P electricity-carbon integrated market, which considers stakeholders' changeable roles between producer and consumer in the energy and carbon allowance transaction. The existence and uniqueness of the market equilibrium are also verified. In the second stage, network reconfiguration is taken into consideration to support the transactive results and avoid the restriction on node injected power to the largest extent. Numerical results show that the established P2P electricity-carbon integrated market can reduce carbon emissions by over 6% without harming prosumers' total revenues.