Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/157601
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dc.contributor.authorHo, Justyn Wee Kiten_US
dc.date.accessioned2022-05-21T06:51:50Z-
dc.date.available2022-05-21T06:51:50Z-
dc.date.issued2022-
dc.identifier.citationHo, J. W. K. (2022). Peer-to-peer energy trading system development in smart grid. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/157601en_US
dc.identifier.urihttps://hdl.handle.net/10356/157601-
dc.description.abstractIn an open electricity market, consumers can decide between buying electricity from retailers of their choice or to buy from utility companies at a regulated tariff. However, consumers with rooftop solar panels and battery energy storage systems, have no tools available for them to directly sell excess energy to sell to other consumers. For them, peer-to-peer energy trading is one of the promising solutions to implement a decentralized electricity market, which could attract more participants in the future. In the peer-to-peer trading, each consumer negotiates directly with other consumers without any intervention of a conventional intermediary. This project aims to develop a lab-scale peer-to-peer energy trading system for consumers whose assets are connected in a micro grid. The main objective of the object is to develop a proper market-clearing mechanism for peer-to-peer energy trading between producers and consumers. The market-clearing mechanism should be efficient and set with the objective of energy trading.en_US
dc.language.isoenen_US
dc.publisherNanyang Technological Universityen_US
dc.relationA1056-211en_US
dc.subjectEngineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industriesen_US
dc.titlePeer-to-peer energy trading system development in smart griden_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorGooi Hoay Bengen_US
dc.contributor.schoolSchool of Electrical and Electronic Engineeringen_US
dc.description.degreeBachelor of Engineering (Electrical and Electronic Engineering)en_US
dc.contributor.supervisoremailEHBGOOI@ntu.edu.sgen_US
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Appears in Collections:EEE Student Reports (FYP/IA/PA/PI)
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