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Lookup NU author(s): Nikolas Spiliopoulos, Dr Ilias Sarantakos, Dr Saman Nikkhah, Giorgos Gkizas, Professor Damian Giaouris, Professor Phil Taylor, Dr Neal WadeORCiD
This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).
© 2022 The Authors. Peer-to-peer (P2P) energy exchange is a popular market mechanism which enables the transaction of energy in local communities. The advantages of this method for different stakeholders has been demonstrated in the literature. However, the effect of P2P energy exchange on economic and resilient operation of microgrids (MGs) has not been studied yet. This paper presents a P2P energy exchange framework for improving economic and resilient operation of MGs. The proposed method considers the synergistic benefits of system operator and end-users in terms of: a) economic benefit from participation in the market, b) system resilience improvement, c) battery lifetime improvement, and d) carbon emissions reduction. The proposed method optimizes the battery sizing and operation, while categorizing and prioritizing the end-users. In order to evaluate the effectiveness of the proposed method, it has been applied to four different geographical locations with various Time-of-Use tariff schemes, and is tested against different fault scenarios. The results show that the proposed method can improve the resilience up to 80%, while battery lifetime can be prolonged by 32%–37%.
Author(s): Spiliopoulos N, Sarantakos I, Nikkhah S, Gkizas G, Giaouris D, Taylor P, Rajarathnam U, Wade N
Publication type: Article
Publication status: Published
Journal: Renewable Energy
Year: 2022
Volume: 199
Pages: 517-535
Print publication date: 01/11/2022
Online publication date: 08/09/2022
Acceptance date: 12/08/2022
Date deposited: 04/10/2022
ISSN (print): 0960-1481
ISSN (electronic): 1879-0682
Publisher: Elsevier Ltd
URL: https://doi.org/10.1016/j.renene.2022.08.061
DOI: 10.1016/j.renene.2022.08.061
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