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A hierarchical transactive energy management system for microgrids

Akter, M. N., Mahmud, M. A. and Maung Than Oo, Amanullah 2016, A hierarchical transactive energy management system for microgrids, in IEEE PESGM 2016 : Proceedings of the 2016 IEEE Power and Energy Society General Meeting, IEEE, Piscataway, N.J., pp. 1-5, doi: 10.1109/PESGM.2016.7741099.

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Title A hierarchical transactive energy management system for microgrids
Author(s) Akter, M. N.ORCID iD for Akter, M. N. orcid.org/0000-0002-5302-5338
Mahmud, M. A.ORCID iD for Mahmud, M. A. orcid.org/0000-0002-5302-5338
Maung Than Oo, Amanullah
Conference name Power & Energy Society. General Meeting (2016 : Boston, Massachusetts)
Conference location Boston, Massachusetts
Conference dates 17-21 Jul. 2016
Title of proceedings IEEE PESGM 2016 : Proceedings of the 2016 IEEE Power and Energy Society General Meeting
Publication date 2016
Start page 1
End page 5
Total pages 5
Publisher IEEE
Place of publication Piscataway, N.J.
Keyword(s) Hierarchical framework
microgrid
power sharing
tariff structure
transactive energy management system
Summary This paper presents a hierarchical transactiveenergy management framework for a residential microgrid toshare excess energy of prosumers with neighbors. A three-levelhierarchical structure is proposed in this paper which facilitatesenergy management in different houses, energy sharing andtransactions among neighbors and with the grid. The priorityof sharing energy among different houses in a microgrid as wellas with the grid is set in such a way that the houses, whichhave their own generation, will first fulfill their own demand.The power sharing among different houses demonstrates thatthere are some savings in electricity for a certain period. Ageneralized cost-benefit analysis framework has been developedby considering different tariff structures (flat rate and feed-intariff) to assess the financial benefits of patrons to be involved inenergy sharing projects. Results from the analysis demonstratethat with the ever decreasing feed-in tariff in Australia, notonly the prosumers but the residents without renewable energysources and energy storage systems can be benefitted throughthe proposed transactive energy management scheme.
ISBN 9781509041688
Language eng
DOI 10.1109/PESGM.2016.7741099
Field of Research 090607 Power and Energy Systems Engineering (excl Renewable Power)
080503 Networking and Communications
Socio Economic Objective 970109 Expanding Knowledge in Engineering
HERDC Research category E1 Full written paper - refereed
ERA Research output type E Conference publication
Copyright notice ©2016, IEEE
Persistent URL http://hdl.handle.net/10536/DRO/DU:30084030

Document type: Conference Paper
Collection: School of Engineering
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