A Voltage-Aware P2P Power Trading System Aimed at Eliminating Unfairness Due to the Interconnection Location

P2P power trading is necessary for efficiently using consumer electricity not subject to FIT. However, the execution rules for P2P power trading do not include restrictions on voltage, and there is a trade-off between the activation of the P2P power trading market through the mass introduction of PV...

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Bibliographic Details
Published in:Energies (Basel) 2024-02, Vol.17 (4), p.841
Main Authors: Takayama, Satoshi, Ishigame, Atsushi
Format: Article
Language:English
Subjects:
Analysis
Blockchain
Case studies
Consumers
distribution network
Economic incentives
Electric rates
Electric utilities
Electricity
Energy trading
P2P power trading
photovoltaic generation
Power supply
Profits
Retail stores
Securities trading
Solar energy
Tariffs
voltage regulation
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Summary:P2P power trading is necessary for efficiently using consumer electricity not subject to FIT. However, the execution rules for P2P power trading do not include restrictions on voltage, and there is a trade-off between the activation of the P2P power trading market through the mass introduction of PV and the optimization of the voltage of the power distribution system. In addition, there is a tendency for output curtailment to be biased toward consumers connected to the end of the grid. Since consumers cannot choose the interconnection location, there are concerns about unfairness. In this study, we investigate a new P2P model that includes voltage constraints for the execution rules of P2P power trading to avoid voltage deviation while ensuring benefits and fairness for the participants. In the proposed model, to increase the incentive to participate in the P2P power trading market, we consider compensating consumers who receive output curtailment signals due to voltage constraints. In addition, the profit is secured by differentiating the compensation cost unit price depending on the contract’s availability. A case study was conducted on this model using the IEEE 33 bus system. The results show that the proposed model is superior.
ISSN:1996-1073
1996-1073
DOI:10.3390/en17040841