A hierarchical peer-to-peer energy trading in community microgrid distribution systems

Abstract

The concept of community microgrid distribution system presents a new framework for operation and management of the future distribution systems with various operating constraints and a business model. It aims at extending the benefits of traditional microgrid by sharing the energy resources among multiple partners. Peer-to-peer (P2P) energy trading model seems to be one of the suitable models for energy trading in the future community microgrid distribution system. This paper proposes a hierarchical peer-to-peer (HP2P) energy trading framework for future community microgrid distribution networks to provide efficient energy trading in the microgrid energy market. The proposed HP2P framework is applied to a sample community microgrid distribution system. It results in cost saving and hence its effectiveness is verified by simulation study.