@inproceedings{a76a1a2da20849acbfb9f53fa8ee4fb2,
title = "Comparative analysis of energy trading priorities based on open transactive energy markets in residential microgrids",
abstract = "This paper presents a comparative analysis for energy trading priorities among different consumers and prosumers in a residential microgrid. The transactive energy trading frameworks are considered based on two approaches where all houses in a residential microgrid participate in trading energy among themselves before the energy transactions with the main power grid. The first approach is mainly based on the energy shortage of different houses where the energy transactions among different houses occur based on a pre-defined strategy, e.g., priorities are given to some specific houses at a defined rate. The second approach is developed by formulating a competitive and open transactive energy market using a game theoretic approach with a multi-player game to provide more flexibilities to the participants. A comparative analysis is provided between these two approaches, by considering a residential microgrid in Australian contexts, in terms of flexibility index and saving electricity bills. It is found that the second approach provides more flexibilities to the participants though there are not much differences in saving electricity bills.",
keywords = "energy shortage-based priority, Energy trading, game theoretic priority, residential microgrids, transactive energy market",
author = "Akter, {M. N.} and Mahmud, {M. A.} and Haque, {M. E.} and Oo, {Amanullah M.T.}",
year = "2018",
month = feb,
day = "8",
doi = "10.1109/AUPEC.2017.8282400",
language = "English",
isbn = "9781538626481",
series = "2017 Australasian Universities Power Engineering Conference, AUPEC 2017",
publisher = "Institute of Electrical and Electronics Engineers",
pages = "1--6",
booktitle = "2017 Australasian Universities Power Engineering Conference, AUPEC 2017",
address = "United States",
note = "2017 Australasian Universities Power Engineering Conference, AUPEC 2017 ; Conference date: 19-11-2017 Through 22-11-2017",
}