Peer-to-Peer Market with Energy Storage Systems

Abstract

With the growth of a distributed generation special attention is paid to the possibilities of its utilization in the network including new market architectures. One of the possible options is the creation of a peer-to-peer market. This paper proposes a peer-to-peer market design with user preferences and energy storage systems and its mixed-integer modifications and investigates market-clearing results for multiple time units. We introduce dynamically changing costs and observe the need for additional market rules to ensure user preferences in the peer-to-peer market with storages. Besides that, it is required to define the regulations related to the arbitraging, including possible arbitraging of non-storage agents. The work demonstrates the relevance of the proposed algorithm and suggests its further development.