TY - JOUR
T1 - A P2P-Dominant Distribution System Architecture
AU - Kim, Jip
AU - Dvorkin, Yury
N1 - Funding Information:
Gbp p Conductance of bus b [p.u.] WING to recent advances in smart grid technologies, the Gn/Gn Minimum/maximum power sold by peer n [MW] O U.S. power grid is undergoing nation-wide moderniza-tion. One of the most important objectives of this modernization cember15,2019.DateofpublicationDecember23,2019;dateofcurrentManuscriptreceivedMay6,2019;revisedOctober18,2019;acceptedDe- is to achieve a high degree of supply autonomy of electricity version June 22, 2020. This work was supported by U.S. NSF under Grant consumers from their local electric power utility and the freedom ECCS-1847285.Paperno.TPWRS-00632-2019.(Correspondingauthor:Jip to choose their electricity suppliers. In practice, the supply TheauthorsarewiththeDepartmentofElectricalandComputerEngineering,Kim.) autonomy and the freedom to choose are enabled by rolling Tandon School of Engineering, New York University, New York, NY 11201 out customer-end distributed energy resources (DERs), which USA(e-mail:jipkim@nyu.edu;dvorkin@nyu.edu). include, but are not limited to, photovoltaic panels, battery athttp://ieeexplore.ieee.org.Colorversionsofoneormoreofthefiguresinthisarticleareavailableonline energy storage, and demand-side management. If these DERs Digital Object Identifier 10.1109/TPWRS.2019.2961330 are appropriately sized and operated, electricity consumers are
Publisher Copyright:
© 1969-2012 IEEE.
PY - 2020/7
Y1 - 2020/7
N2 - Peer-to-peer interactions between small-scale energy resources exploit distribution network infrastructure as an electricity carrier, but remain financially unaccountable to electric power utilities. This status-quo raises multiple challenges. First, peer-to-peer energy trading reduces the portion of electricity supplied to end-customers by utilities and their revenue streams. Second, utilities must ensure that peer-to-peer transactions comply with distribution network limits. This article proposes a peer-to-peer energy trading architecture, in two configurations, that couples peer-to-peer interactions and distribution network operations. The first configuration assumes that these interactions are settled by the utility in a centralized manner, while the second one is peer-centric and does not involve the utility. Both configurations use distribution locational marginal prices to compute network usage charges that peers must pay to the utility for using the distribution network.
AB - Peer-to-peer interactions between small-scale energy resources exploit distribution network infrastructure as an electricity carrier, but remain financially unaccountable to electric power utilities. This status-quo raises multiple challenges. First, peer-to-peer energy trading reduces the portion of electricity supplied to end-customers by utilities and their revenue streams. Second, utilities must ensure that peer-to-peer transactions comply with distribution network limits. This article proposes a peer-to-peer energy trading architecture, in two configurations, that couples peer-to-peer interactions and distribution network operations. The first configuration assumes that these interactions are settled by the utility in a centralized manner, while the second one is peer-centric and does not involve the utility. Both configurations use distribution locational marginal prices to compute network usage charges that peers must pay to the utility for using the distribution network.
KW - Peer-to-peer trading
KW - network usage charge
KW - prosumers
KW - utility business model
UR - http://www.scopus.com/inward/record.url?scp=85079851525&partnerID=8YFLogxK
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U2 - 10.1109/TPWRS.2019.2961330
DO - 10.1109/TPWRS.2019.2961330
M3 - Article
AN - SCOPUS:85079851525
SN - 0885-8950
VL - 35
SP - 2716
EP - 2725
JO - IEEE Transactions on Power Systems
JF - IEEE Transactions on Power Systems
IS - 4
M1 - 8938817
ER -