A P2P-Dominant Distribution System Architecture

Peer-to-peer interactions between small-scale energy resources exploit distribution network infrastructure as an electricity carrier, but remain financially unaccountable to electric power utilities. This status-quo raises multiple challenges. First, peer-to-peer energy trading reduces the portion o...

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Bibliographic Details
Published in:IEEE transactions on power systems 2020-07, Vol.35 (4), p.2716-2725
Main Authors: Kim, Jip, Dvorkin, Yury
Format: Article
Language:English
Subjects:
Computer architecture
Configurations
Electric utilities
Electricity
Electricity distribution
Energy distribution
Energy sources
Generators
network usage charge
Peer-to-peer computing
Peer-to-peer trading
Power systems
prosumers
Reliability
Social networks
Systems architecture
utility business model
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Summary:Peer-to-peer interactions between small-scale energy resources exploit distribution network infrastructure as an electricity carrier, but remain financially unaccountable to electric power utilities. This status-quo raises multiple challenges. First, peer-to-peer energy trading reduces the portion of electricity supplied to end-customers by utilities and their revenue streams. Second, utilities must ensure that peer-to-peer transactions comply with distribution network limits. This article proposes a peer-to-peer energy trading architecture, in two configurations, that couples peer-to-peer interactions and distribution network operations. The first configuration assumes that these interactions are settled by the utility in a centralized manner, while the second one is peer-centric and does not involve the utility. Both configurations use distribution locational marginal prices to compute network usage charges that peers must pay to the utility for using the distribution network.
ISSN:0885-8950
1558-0679
DOI:10.1109/TPWRS.2019.2961330