Impact of demand side management on Peer-to-Peer energy trading in a DC microgrid

Proliferation of distributed energy generation at end-user level have turned tradition residential electricity customer into a prosumer. It also paves the pathway towards a new electricity market paradigms such as peer-to-peer (P2P) energy trading among prosumers. In addition, improvements of smart...

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Bibliographic Details
Main Authors: Mulleriyawage, Udayanka G.K., Shen, Weixiang
Format: Conference Proceeding
Language:English
Subjects:
battery capacity degradation
Costs
Degradation
Demand side management
Electricity supply industry
Microgrids
Pear-to-grid energy sharing
Pear-to-Pear energy sharing
Potential energy
Power engineering
residential energy storage
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Summary:Proliferation of distributed energy generation at end-user level have turned tradition residential electricity customer into a prosumer. It also paves the pathway towards a new electricity market paradigms such as peer-to-peer (P2P) energy trading among prosumers. In addition, improvements of smart control of residential loads broaden capabilities of demand side management (DSM) and thus add another layer of complexity to P2P energy sharing. This paper studies the impact of DSM on P2P energy sharing in a residential DC microgrid. Results reveal that combination of DSM with P2P energy sharing increases potential energy cost savings for participating residential customers. It is also found that the self-consumption ratio (SCR) and self-sufficiency ratio (SSR) of onsite solar PV energy generation is declining compared to the traditional peer-to-grid (P2G) energy sharing model for individual customers as the P2P energy sharing makes more economic sense than self-consumption maximization with residential battery energy storage systems (BESS).
ISSN:2474-1507
DOI:10.1109/AUPEC52110.2021.9597792