A social relationship preference aware peer-to-peer energy market for urban energy prosumers and consumers

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Abstract

Increasingly prevalence of distributed energy resources (such as solar panels and wind turbines) has been transforming traditional energy consumers to become energy prosumers (producers-and-consumers). This in turn drives the development of peer-to-peer energy trading, which refers to trading energy generated by distributed energy resources directly among energy prosumers and consumers. This paper proposes a new peer-to-peer electricity market prototype that facilitates energy trading among energy prosumers and consumers with consideration of their preferences in terms of social relationships with each other. A data-driven social network model is established to represent the bilateral social relationships of the market participants. Based on that, an auction-based electricity trading mechanism is proposed to facilitate the participants to make end-to-end energy trading decisions by simultaneously considering energy trading prices and social relationship preferences. Numerical simulations based on real-world datasets are conducted to validate the proposed system.

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Zhao, Z., Luo, F., Zhang, C., & Ranzi, G. (2022). A social relationship preference aware peer-to-peer energy market for urban energy prosumers and consumers. IET Renewable Power Generation, 16(4), 688–699. https://doi.org/10.1049/rpg2.12349

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