Energy Peer-to-Peer Trading in Virtual Microgrids in Smart Grids: A Game-Theoretic Approach
- Submitting institution
-
Manchester Metropolitan University
- Unit of assessment
- 12 - Engineering
- Output identifier
- 1871
- Type
- D - Journal article
- DOI
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10.1109/tsg.2019.2934830
- Title of journal
- IEEE Transactions on Smart Grid
- Article number
- -
- First page
- 1264
- Volume
- 11
- Issue
- 2
- ISSN
- 1949-3053
- Open access status
- Exception within 3 months of publication
- Month of publication
- August
- Year of publication
- 2019
- URL
-
http://shura.shu.ac.uk/25063/
- Supplementary information
-
-
- Request cross-referral to
- -
- Output has been delayed by COVID-19
- No
- COVID-19 affected output statement
- -
- Forensic science
- No
- Criminology
- No
- Interdisciplinary
- No
- Number of additional authors
-
4
- Research group(s)
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C - Smart Infrastructure
- Proposed double-weighted
- No
- Reserve for an output with double weighting
- No
- Additional information
- This project describes the reduction of energy costs to both energy producers and consumers by using a strategic game in economics, known as a Stackelberg leadership game, in which the current large physically constrained power grid networks are replaced by logically grouped smart virtual microgrids. These can run by Peer- to- Peer trading, between local energy producers and consumers, taking advantage of reduced data transmission costs. This can result in reduced energy losses, lower overhead costs and green-related benefits Comparisons of this game with conventional power trading have shown a 47% financial benefit.
- Author contribution statement
- -
- Non-English
- No
- English abstract
- -