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Consumers’ preference based optimal price determination model for P2P energy trading
Electric Power Systems Research ( IF 3.9 ) Pub Date : 2020-10-01 , DOI: 10.1016/j.epsr.2020.106488
Waqas Amin , Qi Huang , M. Afzal , Abdullah Aman Khan , Zhenyuan Zhang , Khalid Umer , Syed Adrees Ahmed

Abstract With the increase in energy demand and the integration of renewable energy resources, price determination of energy trading in the P2P energy market became more challenging. Participants need a fair mechanism that ensures the basic energy-related objectives i.e. savings on energy bills for consumers and profitability for the seller. To achieve these goals, this paper presents a uniform pricing scheme for energy trading along with energy allocation policy for P2P energy trading market. Based on consumer preferences, a novel method for determining energy trading price is proposed which ensures the increase in utility for consumers (saving in energy bill) and sellers profitability. Considering the fluctuating supply of energy in the P2P energy market, due to the sporadic nature of renewable energy resources, an effective scheme for energy allocation is proposed. The proposed method promotes competition among sellers and brings fairness in the energy market by selecting an optimal price. False declaration from the participants leads to a decrease in utilities. The proposed method provides the necessary information for assessing the consumers’ requirements and increase the social welfare of the consumers by reducing the trading prices. Extensive experiments were performed and the results show the effectiveness of the proposed method as the method helps to reduce the energy bills of the consumers and increases the satisfaction level as compared to previously proposed methods.

中文翻译:

基于消费者偏好的P2P能源交易最优价格确定模型

摘要 随着能源需求的增加和可再生能源的整合,P2P能源市场中能源交易的价格确定变得更具挑战性。参与者需要一个公平的机制来确保与能源相关的基本目标,即为消费者节省能源费用并为销售商带来盈利。为了实现这些目标,本文提出了能源交易的统一定价方案以及 P2P 能源交易市场的能源分配政策。基于消费者偏好,提出了一种确定能源交易价格的新方法,以确保增加消费者的效用(节省能源费用)和卖家的盈利能力。考虑到 P2P 能源市场的能源供应波动,由于可再生能源的零星性,提出了一种有效的能量分配方案。所提出的方法通过选择最优价格来促进卖方之间的竞争并在能源市场中带来公平。参与者的虚假声明导致公用事业的减少。所提出的方法为评估消费者的需求提供了必要的信息,并通过降低交易价格来增加消费者的社会福利。进行了大量实验,结果表明所提出方法的有效性,因为与先前提出的方法相比,该方法有助于减少消费者的能源费用并提高满意度。参与者的虚假声明导致公用事业的减少。所提出的方法为评估消费者的需求提供了必要的信息,并通过降低交易价格来增加消费者的社会福利。进行了大量实验,结果表明所提出方法的有效性,因为与先前提出的方法相比,该方法有助于减少消费者的能源费用并提高满意度。参与者的虚假声明导致公用事业的减少。所提出的方法为评估消费者的需求提供了必要的信息,并通过降低交易价格来增加消费者的社会福利。进行了大量实验,结果表明所提出方法的有效性,因为与先前提出的方法相比,该方法有助于减少消费者的能源费用并提高满意度。
更新日期:2020-10-01
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