Virtual Community based Peer-to-Peer Energy Trading

Abstract

With the increase in the use of renewable energy sources (RESs) and advances in technologies, peer-to-peer (P2P) energy trading is emerging as a promising approach to the local energy market. This work proposes a virtual community (VC) based P2P energy trading for buildings equipped with RES and flexible loads. A modified Nash bargaining solution is used for fair incentive distribution in the cooperative game. In this work, the equilibrium strategies of all players are obtained using a privacy-preserving decentralised approach. Shareable battery energy storage is considered in each VC, and Hong's 2m point estimation method is used to cope with the uncertainties associated with RESs. © 2023 IEEE.