Peer-Reviewed Journal Details
Mandatory Fields
Barry Patrick Hayes, Subhasis Thakur and John G Breslin
International Journal Of Electrical Power & Energy Systems
Co-simulation of Electricity Distribution Networks and Peer to Peer Energy Trading Platforms
In Press
Optional Fields
There 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 communit- ies. 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 inter- faced 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.
Grant Details
Publication Themes
Informatics, Physical and Computational Sciences