A self-governed online energy management and trading for smart micro/nano-grids

Latifi, M, Rastegarnia, A, Khalili, A, Bazzi, WM and Sanei, S ORCID: https://orcid.org/0000-0002-3437-2801, 2020. A self-governed online energy management and trading for smart micro/nano-grids. IEEE Transactions on Industrial Electronics, 67 (9), pp. 7484-7498. ISSN 0278-0046

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Abstract

Joint energy consumption and trading management is still a major challenge in smart (micro-) grids. The main goal of solving such problems is to flatten the aggregate power consumption-generation curve and increase the local direct power trading among the participants as much as possible. Here, an inclusive formulation for energy management and trading of a Micro/Nano-grid (M/NG) is proposed. Subsequently, a holistic solution to jointly optimizing the internal energy consumption management and external local energy trading for a smart grid including several M/NGs is provided. As the problem is computationally intractable, the proposed approach involves three hierarchical stages. Firstly, a game-theoretic online stochastic energy management model is provided with a reinforcement learning solution by which the M/NGs can schedule their power consumptions. Secondly, an effective incentive-compatible doubleauction is formulated by which the M/NGs can directly trade with each other. Thirdly, the central controller develops an optimal power allocation program to reduce the power transmission loss and the destructive effects of local energy trading. The simulation results validate the efficiency of the proposed framework.

Item Type:	Journal article
Publication Title:	IEEE Transactions on Industrial Electronics
Creators:	Latifi, M., Rastegarnia, A., Khalili, A., Bazzi, W.M. and Sanei, S.
Publisher:	Institute of Electrical and Electronics Engineers
Date:	September 2020
Volume:	67
Number:	9
ISSN:	0278-0046
Identifiers:	Number Type 10.1109/tie.2019.2945280 DOI 1198465 Other
Divisions:	Schools > School of Science and Technology
Record created by:	Jonathan Gallacher
Date Added:	10 Oct 2019 12:53
Last Modified:	27 Jul 2021 08:05
URI:	https://irep.ntu.ac.uk/id/eprint/37938

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