Abstract
This paper studies the energy trading among multiple connected microgrids, and analyzes the impacts of such trading on the microgrids' costs. In our model, microgrids with excessive power generations can trade with other microgrids in deficit of power supplies for mutual benefits. We design a bargaining-based energy trading market, where all the interconnected microgrids cooperatively decide the amount of energy trade and the associated payments. We propose a decentralized algorithm to solve the bargaining problem, with minimum information exchange overhead. Numerical studies based on realistic data demonstrate the effectiveness of the bargaining-based energy trading market design, and show that the reduction of total cost of the interconnected-microgrids system can be up to 22% comparing with the case of no trading.
| Original language | English |
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| Title of host publication | 2015 IEEE International Conference on Communications (ICC) |
| Editors | Nathan Gomes |
| Place of Publication | Piscataway NJ USA |
| Publisher | IEEE, Institute of Electrical and Electronics Engineers |
| Pages | 776-781 |
| Number of pages | 6 |
| ISBN (Electronic) | 9781467364324, 9781467364317 |
| DOIs | |
| Publication status | Published - 2015 |
| Externally published | Yes |
| Event | IEEE International Conference on Communications 2015: Smart City & Smart World - London, United Kingdom Duration: 8 Jun 2015 → 12 Jun 2015 http://icc2015.ieee-icc.org/ (Website) http://ieeexplore.ieee.org/xpl/mostRecentIssue.jsp?punumber=7225357 (IEEE Conference proceedings) |
Publication series
| Name | IEEE International Conference on Communications |
|---|---|
| Publisher | IEEE, Institute of Electrical and Electronics Engineers |
| Volume | 2015-September |
| ISSN (Print) | 1550-3607 |
| ISSN (Electronic) | 1938-1883 |
Conference
| Conference | IEEE International Conference on Communications 2015 |
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| Abbreviated title | ICC 2015 |
| Country/Territory | United Kingdom |
| City | London |
| Period | 8/06/15 → 12/06/15 |
| Other | 2015 IEEE International Conference on Communications (ICC2015), held in the magnificent city of London, the UK’s capital. ICC2015 will be an excellent presentation, networking and publicity event, offering the opportunity for researchers, engineers and business people to meet and exchange ideas and information. In addition to the traditional keynote, symposium, workshop, tutorial and industry forum sessions, this year we are offering a new event – Chief Technology Officer Forum - during the plenary session. Here, the future of mobile networks will be discussed. |
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