Authors
Su Nguyen, Wei Peng, Peter Sokolowski, Damminda Alahakoon, Xinghuo Yu
Publication date
2018/10/15
Journal
Applied Energy
Volume
228
Pages
2567-2580
Publisher
Elsevier
Description
Distributed generation (DG) based on rooftop photovoltaic (PV) systems with battery storages is a promising alternative energy generation technology to reduce global greenhouse gas emissions. As regulatory tariff-based incentives are diminishing, innovative solutions are required to sustain this renewable energy generation. An optimization model is proposed to maximize the economic benefits for rooftop PV-battery DG in a peer-to-peer (P2P) energy trading environment. The goal of the proposed model is to investigate the feasibility of such renewable source participated P2P energy trading by examining the economic benefits. The model is illustrated in a simulation framework for a local community with 500 households under real-world constraints encompassing PV systems, battery storage, customer demand profiles and market signals including the retail price, feed-in tariff and P2P energy trading mechanism …
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