skip to main content
DOE PAGES title logo U.S. Department of Energy
Office of Scientific and Technical Information

Title: Performance Evaluation for Transactive Energy Systems Using Double-Auction Market

Abstract

Transactive coordination and control has recently emerged as a new approach to facilitate large-scale integration of various distributed energy resources into power distribution systems. Various transactive approaches are being developed for problems in power systems involving self-interested asset owners with privacy concerns. However, there has been very limited work on evaluating and comparing their performance. In this paper, a systematic performance evaluation procedure is presented for the comparison among different approaches in terms of their performance under practical conditions such as information uncertainties, individual rationality, network effects, and so on. This procedure is applied to evaluate and compare two existing transactive energy systems using double-auction market, where both quantitative and qualitative performance metrics are proposed. As a result, the detailed case studies also illustrate the performance limitations of existing double-auction-based transactive approaches, and provide useful insights on the necessary design improvements for practical applications.

Authors:
ORCiD logo [1];  [1];  [1]; ORCiD logo [1]
  1. Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Publication Date:
Research Org.:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
1566139
Report Number(s):
PNNL-SA-128928
Journal ID: ISSN 0885-8950
Grant/Contract Number:  
AC05-76RL01830
Resource Type:
Accepted Manuscript
Journal Name:
IEEE Transactions on Power Systems
Additional Journal Information:
Journal Volume: 34; Journal Issue: 5; Journal ID: ISSN 0885-8950
Publisher:
IEEE
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; transactive coordination and control; double auction; performance metrics; performance evaluation

Citation Formats

Lian, Jianming, Ren, Huiying, Sun, Yannan, and Hammerstrom, Donald J. Performance Evaluation for Transactive Energy Systems Using Double-Auction Market. United States: N. p., 2018. Web. doi:10.1109/TPWRS.2018.2875919.
Lian, Jianming, Ren, Huiying, Sun, Yannan, & Hammerstrom, Donald J. Performance Evaluation for Transactive Energy Systems Using Double-Auction Market. United States. doi:10.1109/TPWRS.2018.2875919.
Lian, Jianming, Ren, Huiying, Sun, Yannan, and Hammerstrom, Donald J. Tue . "Performance Evaluation for Transactive Energy Systems Using Double-Auction Market". United States. doi:10.1109/TPWRS.2018.2875919. https://www.osti.gov/servlets/purl/1566139.
@article{osti_1566139,
title = {Performance Evaluation for Transactive Energy Systems Using Double-Auction Market},
author = {Lian, Jianming and Ren, Huiying and Sun, Yannan and Hammerstrom, Donald J.},
abstractNote = {Transactive coordination and control has recently emerged as a new approach to facilitate large-scale integration of various distributed energy resources into power distribution systems. Various transactive approaches are being developed for problems in power systems involving self-interested asset owners with privacy concerns. However, there has been very limited work on evaluating and comparing their performance. In this paper, a systematic performance evaluation procedure is presented for the comparison among different approaches in terms of their performance under practical conditions such as information uncertainties, individual rationality, network effects, and so on. This procedure is applied to evaluate and compare two existing transactive energy systems using double-auction market, where both quantitative and qualitative performance metrics are proposed. As a result, the detailed case studies also illustrate the performance limitations of existing double-auction-based transactive approaches, and provide useful insights on the necessary design improvements for practical applications.},
doi = {10.1109/TPWRS.2018.2875919},
journal = {IEEE Transactions on Power Systems},
number = 5,
volume = 34,
place = {United States},
year = {2018},
month = {10}
}

Journal Article:
Free Publicly Available Full Text
Publisher's Version of Record

Save / Share: