Optimal Solution of Peer-to-Peer and Peer-to-Grid Trading Strategy Sharing between Prosumers with Grid-Connected Photovoltaic/Wind Turbine/Battery Storage Systems

Abstract

This paper presents an energy management peer-to-peer (P2P) and peer-to-grid (P2G) trading strategy for power sharing between prosumers with grid-connected photovoltaic/wind turbine/battery storage systems. The optimal results are obtained using the “Fmincon” solver due to its ability to solve large-scale optimization problems. Two prosumers sectors are considered in this study that is the residential and commercial. The results show that for the residential consumer side, the load is satisfied by the energy from the grid, its own renewable energy system (RES), and the energy from the commercial consumer side RES during the first off-peak period (00:00 AM to 05:00 AM). During the peak pricing period (17:00 PM to 22:00 PM), the load is satisfied by the residential consumer’s battery and the commercial consumer’s battery, and no energy is bought from the grid due to the high price. Furthermore, 37.69% and 39.40% cost savings for residential and commercial, respectively, and a reduction of the bill by $42.26/day and $42.97154/day, respectively, are recorded. Significant grid energy savings for the developed P2P/P2G trading for prosumers and maximum daily cost savings are achieved compared to existing cases such as P2G only and P2P only. Finally, the residential consumer can achieve a greenhouse gases (GHG) emissions reduction of 141.88 kgCO2-eq and 176.99 kgCO2-eq net savings, while the commercial consumer can achieve 122.34 kgCO2-eq GHG emissions mitigation and 196.53 kgCO2-eq net savings.