Co-simulation of electricity distribution networks and peer to peer energy trading platforms

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dc.contributor.authorHayes, Barry P.
dc.contributor.authorThakur, Subhasis
dc.contributor.authorBreslin, John G.
dc.contributor.funderEnterprise Irelanden
dc.contributor.funderScience Foundation Irelanden
dc.contributor.funderEuropean Regional Development Funden
dc.contributor.funderDepartment of Communications, Climate Action and Environment, Irelanden
dc.contributor.funderDepartment of Agriculture, Food and the Marineen
dc.date.accessioned2019-08-16T11:14:08Z
dc.date.available2019-08-16T11:14:08Z
dc.date.issued2019-07-24
dc.date.updated2019-08-16T11:04:18Z
dc.description.abstractThere has been significant recent interest in local electricity trading platforms, and particularly in the application of distributed ledger and blockchain technology for distributed, or peer-to-peer energy trading in local energy communities. Several projects worldwide have demonstrated this concept on a small scale in Low Voltage (LV) distribution networks and microgrids. However, previous work in this area has not sufficiently addressed the potential impacts of peer-to-peer energy trading and other local electricity trading mechanisms on the control, operation and planning of the electricity distribution networks. Accordingly, this paper presents a methodology for the co-simulation of power distribution networks and local peer-to-peer energy trading platforms. The distribution system simulator is interfaced with a peer-to-peer energy trading platform, which employs a blockchain-based distributed double auction trade mechanism. The presented co-simulation approach is demonstrated using a case study of typical European suburban distribution network. It is demonstrated in the paper that this approach can be used to analyse the impacts of peer-to-peer energy trading on network operational performance. The analysis presented in the paper suggests that a moderate level of peer-to-peer trading does not have significant impacts on network operational performance.en
dc.description.sponsorshipEnterprise Ireland (Contract Number TC-2013-0002B); Department of Agriculture, Food and the Marine (Grant No. SFI16/RC/3835)en
dc.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.articleid105419en
dc.identifier.citationHayes, B. P., Thakur, S. and Breslin, J. G. (2019) 'Co-simulation of electricity distribution networks and peer to peer energy trading platforms', International Journal of Electrical Power and Energy Systems, 115, 105419 (10pp). doi: 10.1016/j.ijepes.2019.105419en
dc.identifier.doi10.1016/j.ijepes.2019.105419en
dc.identifier.endpage10en
dc.identifier.issn0142-0615
dc.identifier.journaltitleInternational Journal of Electrical Power and Energy Systemsen
dc.identifier.startpage1en
dc.identifier.urihttps://hdl.handle.net/10468/8347
dc.identifier.volume115en
dc.language.isoenen
dc.publisherElsevier Ltd.en
dc.relation.projectinfo:eu-repo/grantAgreement/SFI/SFI Research Centres/12/RC/2289/IE/INSIGHT - Irelands Big Data and Analytics Research Centre/en
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S0142061519302972
dc.relation.urihttps://data.mendeley.com/datasets/79shk8f79t/1
dc.rights© 2019, Elsevier Ltd. All rights reserved. This manuscript version is made available under the CC BY-NC-ND 4.0 licence.en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectDistribution networksen
dc.subjectCo-simulationen
dc.subjectPeer-to-peer energy tradingen
dc.subjectDistributed ledgeren
dc.subjectBlockchainen
dc.subjectMicrogridsen
dc.subjectNetwork planningen
dc.subjectProsumeren
dc.subjectEnergy decentralisationen
dc.titleCo-simulation of electricity distribution networks and peer to peer energy trading platformsen
dc.typeArticle (peer-reviewed)en
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