Framework of locality electricity trading system for profitable peer-to-peer power transaction in locality electricity market

Framework of locality electricity trading system for profitable peer-to-peer power transaction in locality electricity market

This paper proposes an architecture of locality electricity market (LEM) for peer-to-peer (P2P) energy trading among a group of residential prosumers (consumers and producers) with renewable energy resources, smart meters, information and communication technologies, and home energy management syste...

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Bibliographic Details
Main Authors: Bokkisam Hanumantha Rao, Saravana Loganathan Arun, Manickavasagam Parvathy Selvan
Format: Article
Language:English
Published: Wiley 2020-01-01
Series:IET Smart Grid
Subjects:
power markets
demand side management
pricing
smart power grids
power generation economics
energy storage
energy management systems
power generation scheduling
locality electricity trading system
profitable peer-to-peer power transaction
locality electricity market
residential consumers
renewable energy usage
renewable power generation units
electricity bill
smart meters
home energy management systems
excess power
smart grid environment
lem
peer-to-peer energy trading
residential prosumers
profitable price
utility price
lets
trading agreement
day-ahead power trading schedule
enhanced intelligent residential energy management system
day-ahead p2p energy trading process
Online Access:https://digital-library.theiet.org/content/journals/10.1049/iet-stg.2019.0131

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https://digital-library.theiet.org/content/journals/10.1049/iet-stg.2019.0131

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