A decentralized transactive energy trading framework for prosumers in a microgrid cluster

Abstract

This paper presents a transactive energy management framework for decentralized energy trading among different prosumers within and among the microgrids in a macrogrid. In this framework, the participants of the energy market would maximize their utility by trading the excess energy to the peers within the microgrid. Afterwards, the overall excess energy available in the microgrid is traded with other microgrids in the system. In both cases, the market participants including those having energy surplus, i.e. sellers, and energy shortage, i.e. buyers, initiate the energy trading. In addition, a ranking system is proposed which is based on creating the optimal seller-buyer pair. The framework is applied a modified IEEE 37 node distribution system with five microgrids and the financial benefits of both sellers and buyers are verified using the simulation studies.