Assessing the Reliability of a Peer-to-Peer Trading Market Model Across Diverse Datasets


Mohandes N., Bayhan S., Sanfilippo A.

4th International Conference on Smart Grid and Renewable Energy, SGRE 2024, Doha, Qatar, 8 - 10 Ocak 2024 identifier

  • Yayın Türü: Bildiri / Tam Metin Bildiri
  • Doi Numarası: 10.1109/sgre59715.2024.10428913
  • Basıldığı Şehir: Doha
  • Basıldığı Ülke: Qatar
  • Anahtar Kelimeler: Agent-based modeling, Electricity market, Evolutionary game, Game theoretical models, M-leader, N-follower Stackelberg game, Peer-to-peer trading(P2P)
  • Gazi Üniversitesi Adresli: Hayır

Özet

This paper presents a novel peer-to-peer (P2P) energy trading framework, employing game theory and agent-based modeling (ABM), to facilitate the exchange of electricity generated by photovoltaic (PV) systems among local stakeholders, including neighbors, and the grid operators. In this innovative approach, energy transactions are governed by dynamically changing prices that reflect the evolving balance between energy generation and demand throughout the day. Sellers list surplus energy in the market, specifying generation type, price, and location. The universality of this market framework is confirmed through comprehensive validation exercises involving data from Qatar and Europe (Germany), representing distinct regions. Multiple scenarios were examined, encompassing the integration of battery storage and the implementation of a carbon tax. The study's findings indicate that energy consumption in Germany is notably lower than in Qatar, attributable to less harsh weather conditions and a heightened awareness of energy efficiency among German users. The relatively high cost of grid electricity in Germany serves as a strong incentive for the adoption of PV systems and the reduction of grid-dependent energy consumption. Moreover, the proposed model exhibits scalability, offering the potential to extend its application to entire neighborhoods or even entire cities in various geographical locations. This adaptable framework has the capability to address diverse energy trading needs and preferences across different regions.