Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers

Yuerong Zhu; Yunpeng Xiao

doi:10.1007/978-981-99-0063-3_54

Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers

Yuerong Zhu
, Yunpeng Xiao

School of Electrical Engineering

Xi'an Jiaotong University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

The rapid increase in the distributed energy resources generation has triggered the new trend of prosumer-centric markets with peer-to-peer (P2P) transactions. However, the long-term planning management for renewable generation will also be influenced by P2P transactions, apart from the short-term marketing strategies of prosumers. This paper analyses the impacts on prosumers’ long-term planning for distributed energy generation expansion resulted from P2P transactions in the distribution networks. Based on the established P2P transaction model and operation model of the distribution network, we further propose the expansion model of PV generation and battery energy storage system (BESS) for prosumers. The case studies verify that P2P transactions can effectively incentive prosumers to increase the penetration of distributed energy in the distribution network. Besides, it is also found that P2P transactions can help to improve the total social welfare of the distribution network and reduce the fluctuation of the total load in the distribution network.

Original language	English
Title of host publication	Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022
Editors	Yusheng Xue, Yuping Zheng, Antonio Gómez-Expósito
Publisher	Springer
Pages	768-781
Number of pages	14
ISBN (Print)	9789819900626
DOIs	https://doi.org/10.1007/978-981-99-0063-3_54
State	Published - 2023
Event	7th Purple Mountain Forum on Smart Grid Protection and Control, PMF2022 - Nanjing, China Duration: 14 Aug 2022 → 15 Aug 2022

Publication series

Name	Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022

Conference

Conference	7th Purple Mountain Forum on Smart Grid Protection and Control, PMF2022
Country/Territory	China
City	Nanjing
Period	14/08/22 → 15/08/22

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Distributed energy resources expansion
P2P transactions
Prosumer-centric markets

Access to Document

10.1007/978-981-99-0063-3_54

Cite this

Zhu, Y., & Xiao, Y. (2023). Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers. In Y. Xue, Y. Zheng, & A. Gómez-Expósito (Eds.), Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022 (pp. 768-781). (Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022). Springer. https://doi.org/10.1007/978-981-99-0063-3_54

Zhu, Yuerong ; Xiao, Yunpeng. / Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers. Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022. editor / Yusheng Xue ; Yuping Zheng ; Antonio Gómez-Expósito. Springer, 2023. pp. 768-781 (Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022).

@inproceedings{49f7a8214b7b4361907af3ae34412e9e,

title = "Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers",

abstract = "The rapid increase in the distributed energy resources generation has triggered the new trend of prosumer-centric markets with peer-to-peer (P2P) transactions. However, the long-term planning management for renewable generation will also be influenced by P2P transactions, apart from the short-term marketing strategies of prosumers. This paper analyses the impacts on prosumers{\textquoteright} long-term planning for distributed energy generation expansion resulted from P2P transactions in the distribution networks. Based on the established P2P transaction model and operation model of the distribution network, we further propose the expansion model of PV generation and battery energy storage system (BESS) for prosumers. The case studies verify that P2P transactions can effectively incentive prosumers to increase the penetration of distributed energy in the distribution network. Besides, it is also found that P2P transactions can help to improve the total social welfare of the distribution network and reduce the fluctuation of the total load in the distribution network.",

keywords = "Distributed energy resources expansion, P2P transactions, Prosumer-centric markets",

author = "Yuerong Zhu and Yunpeng Xiao",

note = "Publisher Copyright: {\textcopyright} State Grid Electric Power Research Institute 2023.; 7th Purple Mountain Forum on Smart Grid Protection and Control, PMF2022 ; Conference date: 14-08-2022 Through 15-08-2022",

year = "2023",

doi = "10.1007/978-981-99-0063-3\_54",

language = "英语",

isbn = "9789819900626",

series = "Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022",

publisher = "Springer",

pages = "768--781",

editor = "Yusheng Xue and Yuping Zheng and Antonio G{\'o}mez-Exp{\'o}sito",

booktitle = "Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022",

}

Zhu, Y & Xiao, Y 2023, Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers. in Y Xue, Y Zheng & A Gómez-Expósito (eds), Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022. Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022, Springer, pp. 768-781, 7th Purple Mountain Forum on Smart Grid Protection and Control, PMF2022, Nanjing, China, 14/08/22. https://doi.org/10.1007/978-981-99-0063-3_54

Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers. / Zhu, Yuerong; Xiao, Yunpeng.
Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022. ed. / Yusheng Xue; Yuping Zheng; Antonio Gómez-Expósito. Springer, 2023. p. 768-781 (Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers

AU - Zhu, Yuerong

AU - Xiao, Yunpeng

N1 - Publisher Copyright: © State Grid Electric Power Research Institute 2023.

PY - 2023

Y1 - 2023

N2 - The rapid increase in the distributed energy resources generation has triggered the new trend of prosumer-centric markets with peer-to-peer (P2P) transactions. However, the long-term planning management for renewable generation will also be influenced by P2P transactions, apart from the short-term marketing strategies of prosumers. This paper analyses the impacts on prosumers’ long-term planning for distributed energy generation expansion resulted from P2P transactions in the distribution networks. Based on the established P2P transaction model and operation model of the distribution network, we further propose the expansion model of PV generation and battery energy storage system (BESS) for prosumers. The case studies verify that P2P transactions can effectively incentive prosumers to increase the penetration of distributed energy in the distribution network. Besides, it is also found that P2P transactions can help to improve the total social welfare of the distribution network and reduce the fluctuation of the total load in the distribution network.

AB - The rapid increase in the distributed energy resources generation has triggered the new trend of prosumer-centric markets with peer-to-peer (P2P) transactions. However, the long-term planning management for renewable generation will also be influenced by P2P transactions, apart from the short-term marketing strategies of prosumers. This paper analyses the impacts on prosumers’ long-term planning for distributed energy generation expansion resulted from P2P transactions in the distribution networks. Based on the established P2P transaction model and operation model of the distribution network, we further propose the expansion model of PV generation and battery energy storage system (BESS) for prosumers. The case studies verify that P2P transactions can effectively incentive prosumers to increase the penetration of distributed energy in the distribution network. Besides, it is also found that P2P transactions can help to improve the total social welfare of the distribution network and reduce the fluctuation of the total load in the distribution network.

KW - Distributed energy resources expansion

KW - P2P transactions

KW - Prosumer-centric markets

UR - https://www.scopus.com/pages/publications/85197921491

U2 - 10.1007/978-981-99-0063-3_54

DO - 10.1007/978-981-99-0063-3_54

M3 - 会议稿件

AN - SCOPUS:85197921491

SN - 9789819900626

T3 - Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022

SP - 768

EP - 781

BT - Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022

A2 - Xue, Yusheng

A2 - Zheng, Yuping

A2 - Gómez-Expósito, Antonio

PB - Springer

T2 - 7th Purple Mountain Forum on Smart Grid Protection and Control, PMF2022

Y2 - 14 August 2022 through 15 August 2022

ER -

Zhu Y, Xiao Y. Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers. In Xue Y, Zheng Y, Gómez-Expósito A, editors, Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022. Springer. 2023. p. 768-781. (Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control, PMF2022). doi: 10.1007/978-981-99-0063-3_54

Optimal Expansion Planning of Distributed Energy Resources with Peer-to-Peer Transactions Among Prosumers

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

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