Impacts of Random Household Participations on a Transactive Open Energy Market in Residential Microgrids

M. N. Akter; M. A. Mahmud; M. E. Haque

doi:10.1109/PESGM.2018.8586355

Impacts of Random Household Participations on a Transactive Open Energy Market in Residential Microgrids

M. N. Akter, M. A. Mahmud, M. E. Haque

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

5 Citations (Scopus)

Abstract

The paper investigates the impacts of random household participations in a transactive open energy market (TOEM) in residential microgrids. The strategic decision making procedures of different households with diverse renewable energy portfolios are analyzed by formulating a non-cooperative game for neighborhood energy transactions. In the proposed TOEM, houses with energy excesses initiate the energy trading process while houses with energy shortages act as followers to meet their demands by purchasing energy at competitive prices. Moreover, there are flexibilities for participants for energy transactions in the TOEM, i.e., individual households are free either to participate or not. The impacts of random participations of different households for energy trading in residential microgrids with the TOEM are analyzed in this paper in terms of utilities of sellers and buyers. Several case studies are conducted using residential house level data for energy generations and consumptions by considering Australian scenarios in order to show how the proposed energy trading game achieves cost savings as well as how random participations of different households affect individual rationalities.

Original language	English
Title of host publication	2018 IEEE Power and Energy Society General Meeting
Subtitle of host publication	PESGM 2018
Place of Publication	United States
Publisher	Institute of Electrical and Electronics Engineers
Pages	1-5
Number of pages	5
ISBN (Electronic)	978-1-5386-7703-2, 978-1-5386-7702-5
ISBN (Print)	978-1-5386-7704-9
DOIs	https://doi.org/10.1109/PESGM.2018.8586355
Publication status	Published - Aug 2018
Externally published	Yes
Event	2018 IEEE Power and Energy Society General Meeting - Portland, United States Duration: 5 Aug 2018 → 10 Aug 2018

Publication series

Name	IEEE Power and Energy Society General Meeting
Volume	2018-August
ISSN (Print)	1944-9925
ISSN (Electronic)	1944-9933

Conference

Conference	2018 IEEE Power and Energy Society General Meeting
Abbreviated title	PESGM 2018
Country/Territory	United States
City	Portland
Period	5/08/18 → 10/08/18

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Residential microgrids
Random household participations
Transactive open energy market
Renewable energy

Access to Document

10.1109/PESGM.2018.8586355Licence: In Copyright

Cite this

Akter, M. N., Mahmud, M. A., & Haque, M. E. (2018). Impacts of Random Household Participations on a Transactive Open Energy Market in Residential Microgrids. In 2018 IEEE Power and Energy Society General Meeting: PESGM 2018 (pp. 1-5). (IEEE Power and Energy Society General Meeting; Vol. 2018-August). Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/PESGM.2018.8586355

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title = "Impacts of Random Household Participations on a Transactive Open Energy Market in Residential Microgrids",

abstract = "The paper investigates the impacts of random household participations in a transactive open energy market (TOEM) in residential microgrids. The strategic decision making procedures of different households with diverse renewable energy portfolios are analyzed by formulating a non-cooperative game for neighborhood energy transactions. In the proposed TOEM, houses with energy excesses initiate the energy trading process while houses with energy shortages act as followers to meet their demands by purchasing energy at competitive prices. Moreover, there are flexibilities for participants for energy transactions in the TOEM, i.e., individual households are free either to participate or not. The impacts of random participations of different households for energy trading in residential microgrids with the TOEM are analyzed in this paper in terms of utilities of sellers and buyers. Several case studies are conducted using residential house level data for energy generations and consumptions by considering Australian scenarios in order to show how the proposed energy trading game achieves cost savings as well as how random participations of different households affect individual rationalities.",

keywords = "Residential microgrids, Random household participations, Transactive open energy market, Renewable energy",

author = "Akter, {M. N.} and Mahmud, {M. A.} and Haque, {M. E.}",

year = "2018",

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doi = "10.1109/PESGM.2018.8586355",

language = "English",

isbn = "978-1-5386-7704-9",

series = "IEEE Power and Energy Society General Meeting",

publisher = "Institute of Electrical and Electronics Engineers",

pages = "1--5",

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Akter, MN, Mahmud, MA & Haque, ME 2018, Impacts of Random Household Participations on a Transactive Open Energy Market in Residential Microgrids. in 2018 IEEE Power and Energy Society General Meeting: PESGM 2018. IEEE Power and Energy Society General Meeting, vol. 2018-August, Institute of Electrical and Electronics Engineers, United States, pp. 1-5, 2018 IEEE Power and Energy Society General Meeting, Portland, United States, 5/08/18. https://doi.org/10.1109/PESGM.2018.8586355

Impacts of Random Household Participations on a Transactive Open Energy Market in Residential Microgrids. / Akter, M. N.; Mahmud, M. A.; Haque, M. E.
2018 IEEE Power and Energy Society General Meeting: PESGM 2018. United States: Institute of Electrical and Electronics Engineers, 2018. p. 1-5 (IEEE Power and Energy Society General Meeting; Vol. 2018-August).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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PY - 2018/8

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N2 - The paper investigates the impacts of random household participations in a transactive open energy market (TOEM) in residential microgrids. The strategic decision making procedures of different households with diverse renewable energy portfolios are analyzed by formulating a non-cooperative game for neighborhood energy transactions. In the proposed TOEM, houses with energy excesses initiate the energy trading process while houses with energy shortages act as followers to meet their demands by purchasing energy at competitive prices. Moreover, there are flexibilities for participants for energy transactions in the TOEM, i.e., individual households are free either to participate or not. The impacts of random participations of different households for energy trading in residential microgrids with the TOEM are analyzed in this paper in terms of utilities of sellers and buyers. Several case studies are conducted using residential house level data for energy generations and consumptions by considering Australian scenarios in order to show how the proposed energy trading game achieves cost savings as well as how random participations of different households affect individual rationalities.

AB - The paper investigates the impacts of random household participations in a transactive open energy market (TOEM) in residential microgrids. The strategic decision making procedures of different households with diverse renewable energy portfolios are analyzed by formulating a non-cooperative game for neighborhood energy transactions. In the proposed TOEM, houses with energy excesses initiate the energy trading process while houses with energy shortages act as followers to meet their demands by purchasing energy at competitive prices. Moreover, there are flexibilities for participants for energy transactions in the TOEM, i.e., individual households are free either to participate or not. The impacts of random participations of different households for energy trading in residential microgrids with the TOEM are analyzed in this paper in terms of utilities of sellers and buyers. Several case studies are conducted using residential house level data for energy generations and consumptions by considering Australian scenarios in order to show how the proposed energy trading game achieves cost savings as well as how random participations of different households affect individual rationalities.

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KW - Random household participations

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KW - Renewable energy

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ER -

Impacts of Random Household Participations on a Transactive Open Energy Market in Residential Microgrids

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

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