Implementing multi-settlement decentralized electricity market design for transactive communities with imperfect communication

Mukherjee, Monish; Hardy, Trevor D.; Fuller, Jason C.; Bose, Anjan

doi:10.1016/j.apenergy.2021.117979

Implementing multi-settlement decentralized electricity market design for transactive communities with imperfect communication

Journal Article · 15 January 2022 · Applied Energy

DOI:https://doi.org/10.1016/j.apenergy.2021.117979· OSTI ID:1829686

Mukherjee, Monish ^[1]; ^[2]; ^[2]; Bose, Anjan ^[1]

Washington State University
BATTELLE (PACIFIC NW LAB)

Recent advances in information and communication technologies and smart metering, provides strategic opportunities for ``prosumers" to reform their conventional energy practices towards more consumer-centric economies. From an operational perspective, managing power distribution networks is becoming more difficult with such active grid-edge systems providing limited to no visibility or control. Transactive Energy (TE) has been emerging as a key enabler towards effectively and efficiently integrating prosumers into competitive electricity markets. This work presents a transactive implementation of community-centric markets. A co-simulation framework is developed for evaluating the proposed market structure with high-fidelity models. Case studies on the IEEE-123 node test system demonstrate that community-centric transactive markets can enable communities of prosumers to operate collaboratively as grid-edge systems. The potential benefits of implementing community-centric TE systems are also illustrated.

Research Organization:: Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

Sponsoring Organization:: USDOE

DOE Contract Number:: AC05-76RL01830

OSTI ID:: 1829686

Report Number(s):: PNNL-SA-160753

Journal Information:: Applied Energy, Vol. 306, Issue Part A

Country of Publication:: United States

Language:: English

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