Abstract
This paper proposes a peer-to-peer (P2P) energy trading scheme that can help a centralized power system to reduce the total electricity demand of its customers at the peak hour. To do so, a cooperative Stackelberg game is formulated, in which the centralized power system acts as the leader that needs to decide on a price at the peak demand period to incentivize prosumers to not seek any energy from it. The prosumers, on the other hand, act as followers and respond to the leader's decision by forming suitable coalitions with neighboring prosumers in order to participate in P2P energy trading to meet their energy demand. The properties of the proposed Stackelberg game are studied. It is shown that the game has a unique and stable Stackelberg equilibrium, as a result of the stability of prosumers' coalitions. At the equilibrium, the leader chooses its strategy using a derived closed-form expression, while the prosumers choose their equilibrium coalition structure. An algorithm is proposed that enables the centralized power system and the prosumers to reach the equilibrium solution. Numerical case studies demonstrate the beneficial properties of the proposed scheme.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
