Abstract
The transformation of power systems toward privatization has resulted in the development of novel management schemes in local energy systems. In other words, conventional approaches for centralized management of local resources in energy systems seem not to be applicable in modern energy systems with decentralized structures. As a result, new management schemes should be deployed to coordinate the scheduling of local resources without causing privacy concerns in the system. In this context, the peer-to-peer (P2P) management concept was recently employed in several research and development projects in order to facilitate the decentralized energy management of multiagent systems. This approach aims to enable the direct information exchange among the agents (i.e., peers) to optimize P2P power transactions between the producer and consumer agents in the system. While the P2P power market facilitates the decentralized energy management of the system, a more general scheme is required in order to enable the system operator to address operational issues such as grid congestion in a multiagent system. Consequently, this chapter aims to review the important concepts in the decentralized management of energy systems and the state-of-the-art techniques that enable the implementation of the P2P energy management concept in multiagent energy systems.
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