Abstract
Increasing numbers of customers intend to install batteries with PV to manage their power bill or even go off-grid. To encourage the sharing of locally generated renewable energy and suburban customers to stay on grid, a novel grid friendly neighborhood energy trading mechanism (NET) has been developed. The NET is intuitive as it uses the existing network topology as the trading medium for scalability with low computation and communication requirements. The NET is designed to account for three technical goals: reflecting losses, meeting network flow constraints, and regulating voltages A MV-LV distribution network case study shows that NET effectively achieves the three goals with low communication and fast convergence. This NET mechanism helps to enable grid friendly neighborhoods to share locally generated renewable energy in a market context.
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