Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P Trading
<p dir="ltr">This paper presents the application of a community battery energy storage system (CBESS)-integrated microgrid (MG) in a blockchain-enabled local energy market (LEM). The proposed LEM balances the community energy requirement while facilitating frequent peer-to-peer (P2P)...
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| مؤلفون آخرون: | , , , , , , |
| منشور في: |
2023
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| الموضوعات: | |
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| _version_ | 1864513527567351808 |
|---|---|
| author | Liaqat Ali (641438) |
| author2 | M. Imran Azim (16904595) Jan Peters (296042) Vivek Bhandari (16904598) Anand Menon (803619) Vinod Tiwari (120623) Jemma Green (16904601) S. M. Muyeen (14778337) |
| author2_role | author author author author author author author |
| author_facet | Liaqat Ali (641438) M. Imran Azim (16904595) Jan Peters (296042) Vivek Bhandari (16904598) Anand Menon (803619) Vinod Tiwari (120623) Jemma Green (16904601) S. M. Muyeen (14778337) |
| author_role | author |
| dc.creator.none.fl_str_mv | Liaqat Ali (641438) M. Imran Azim (16904595) Jan Peters (296042) Vivek Bhandari (16904598) Anand Menon (803619) Vinod Tiwari (120623) Jemma Green (16904601) S. M. Muyeen (14778337) |
| dc.date.none.fl_str_mv | 2023-03-22T03:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1109/access.2023.3260253 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Application_of_a_Community_Battery-Integrated_Microgrid_in_a_Blockchain-Based_Local_Energy_Market_Accommodating_P2P_Trading/25204214 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Engineering Electrical engineering Electronics, sensors and digital hardware Materials engineering Peer-to-peer computing Costs Blockchains Batteries Microgrids Tariffs Stakeholders Energy management Electricity supply industry community battery energy supplier local energy market energy operator peer-to-peer energy trading power grid |
| dc.title.none.fl_str_mv | Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P Trading |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">This paper presents the application of a community battery energy storage system (CBESS)-integrated microgrid (MG) in a blockchain-enabled local energy market (LEM). The proposed LEM balances the community energy requirement while facilitating frequent peer-to-peer (P2P) energy transactions between several energy users in the presence of both energy supplier and energy operator. The architecture is formulated by taking a number of local market and network constraints, that include residential battery energy storage system (RBESS) constraints; CBESS constraints; P2P traded price constraints; P2P traded power constraints; margin constraints of the stakeholders; power grid export and import constraints; and network energy balance constraints, so as to not only incentivise energy users but also reduce import/export from/to power grid while keeping the margins of energy supplier and energy operator unaffected. Different types of transactions data including energy users’ P2P pricing bids and P2P traded energy volume are also stored in the blockchain database. Further, the developed LEM framework is also validated through a case study executed on an actual Australian power grid network, comprising 260 residential energy users; two energy suppliers; an energy operator; and a CBESS, and the performance of the proposed P2P trading-based LEM strategy is compared with the existing business-as-usual (BAU) that directs energy users to buy/sell energy at the time-of-use (ToU)/ feed-in-tariff (FiT) rate. The extensive and comparative simulation results confirm the superior performance of the proposed LEM mechanism in terms of minimising energy users’ electricity bill; lowering power grid import and export; and retaining margins of energy suppliers and the energy operator; and thus, emphasise its application suitability in the current electricity market.</p><h2>Other Information</h2><p dir="ltr">Published in: IEEE Access<br>License: <a href="http://creativecommons.org/licenses/by/4.0" target="_blank">http://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1109/access.2023.3260253" target="_blank">https://dx.doi.org/10.1109/access.2023.3260253</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_fe032820988122e7aada7566d3f2b568 |
| identifier_str_mv | 10.1109/access.2023.3260253 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/25204214 |
| publishDate | 2023 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P TradingLiaqat Ali (641438)M. Imran Azim (16904595)Jan Peters (296042)Vivek Bhandari (16904598)Anand Menon (803619)Vinod Tiwari (120623)Jemma Green (16904601)S. M. Muyeen (14778337)EngineeringElectrical engineeringElectronics, sensors and digital hardwareMaterials engineeringPeer-to-peer computingCostsBlockchainsBatteriesMicrogridsTariffsStakeholdersEnergy managementElectricity supply industrycommunity batteryenergy supplierlocal energy marketenergy operatorpeer-to-peer energy tradingpower grid<p dir="ltr">This paper presents the application of a community battery energy storage system (CBESS)-integrated microgrid (MG) in a blockchain-enabled local energy market (LEM). The proposed LEM balances the community energy requirement while facilitating frequent peer-to-peer (P2P) energy transactions between several energy users in the presence of both energy supplier and energy operator. The architecture is formulated by taking a number of local market and network constraints, that include residential battery energy storage system (RBESS) constraints; CBESS constraints; P2P traded price constraints; P2P traded power constraints; margin constraints of the stakeholders; power grid export and import constraints; and network energy balance constraints, so as to not only incentivise energy users but also reduce import/export from/to power grid while keeping the margins of energy supplier and energy operator unaffected. Different types of transactions data including energy users’ P2P pricing bids and P2P traded energy volume are also stored in the blockchain database. Further, the developed LEM framework is also validated through a case study executed on an actual Australian power grid network, comprising 260 residential energy users; two energy suppliers; an energy operator; and a CBESS, and the performance of the proposed P2P trading-based LEM strategy is compared with the existing business-as-usual (BAU) that directs energy users to buy/sell energy at the time-of-use (ToU)/ feed-in-tariff (FiT) rate. The extensive and comparative simulation results confirm the superior performance of the proposed LEM mechanism in terms of minimising energy users’ electricity bill; lowering power grid import and export; and retaining margins of energy suppliers and the energy operator; and thus, emphasise its application suitability in the current electricity market.</p><h2>Other Information</h2><p dir="ltr">Published in: IEEE Access<br>License: <a href="http://creativecommons.org/licenses/by/4.0" target="_blank">http://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1109/access.2023.3260253" target="_blank">https://dx.doi.org/10.1109/access.2023.3260253</a></p>2023-03-22T03:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1109/access.2023.3260253https://figshare.com/articles/journal_contribution/Application_of_a_Community_Battery-Integrated_Microgrid_in_a_Blockchain-Based_Local_Energy_Market_Accommodating_P2P_Trading/25204214CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/252042142023-03-22T03:00:00Z |
| spellingShingle | Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P Trading Liaqat Ali (641438) Engineering Electrical engineering Electronics, sensors and digital hardware Materials engineering Peer-to-peer computing Costs Blockchains Batteries Microgrids Tariffs Stakeholders Energy management Electricity supply industry community battery energy supplier local energy market energy operator peer-to-peer energy trading power grid |
| status_str | publishedVersion |
| title | Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P Trading |
| title_full | Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P Trading |
| title_fullStr | Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P Trading |
| title_full_unstemmed | Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P Trading |
| title_short | Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P Trading |
| title_sort | Application of a Community Battery-Integrated Microgrid in a Blockchain-Based Local Energy Market Accommodating P2P Trading |
| topic | Engineering Electrical engineering Electronics, sensors and digital hardware Materials engineering Peer-to-peer computing Costs Blockchains Batteries Microgrids Tariffs Stakeholders Energy management Electricity supply industry community battery energy supplier local energy market energy operator peer-to-peer energy trading power grid |