TY - GEN
T1 - A Generic Parametric Framework for Peer-to-Peer Electricity Market Design
AU - Saghiri, Ali Mohammad
AU - Moazeni, Somayeh
N1 - Publisher Copyright:
© 2023 IEEE.
PY - 2023
Y1 - 2023
N2 - This paper proposes a generic parametric framework for designing peer-to-peer (P2P) electricity markets. The framework builds on a feature-based representation and strategy-based expression of the inputs and processes governing the platform operation. The model parameters are optimized to achieve design goals. The paper provides examples of agent features, order features, and platform strategies based on a thorough review of the P2P electricity market from recent literature and industrial implementations. The feature-based modeling approach accommodates capturing detailed characteristics of both the market design and participants. The proposed unified and generic framework is comprehensive and brings together all platform components, that a platform owner can then tune or optimize accordingly. The proposed framework can serve as a reference for developing future P2P electricity markets. It is customizable to suit the specific needs of an electricity marketplace. The feature-based approach facilitates market simulation to assess different market management algorithms. Finally, the paper identifies challenges and open research issues that need to be considered when designing P2P electricity markets.
AB - This paper proposes a generic parametric framework for designing peer-to-peer (P2P) electricity markets. The framework builds on a feature-based representation and strategy-based expression of the inputs and processes governing the platform operation. The model parameters are optimized to achieve design goals. The paper provides examples of agent features, order features, and platform strategies based on a thorough review of the P2P electricity market from recent literature and industrial implementations. The feature-based modeling approach accommodates capturing detailed characteristics of both the market design and participants. The proposed unified and generic framework is comprehensive and brings together all platform components, that a platform owner can then tune or optimize accordingly. The proposed framework can serve as a reference for developing future P2P electricity markets. It is customizable to suit the specific needs of an electricity marketplace. The feature-based approach facilitates market simulation to assess different market management algorithms. Finally, the paper identifies challenges and open research issues that need to be considered when designing P2P electricity markets.
KW - P2P market design
KW - customer engagement
KW - distributed energy resources
KW - electricity market
KW - energy efficiency
UR - http://www.scopus.com/inward/record.url?scp=85168650277&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85168650277&partnerID=8YFLogxK
U2 - 10.1109/EEEIC/ICPSEurope57605.2023.10194773
DO - 10.1109/EEEIC/ICPSEurope57605.2023.10194773
M3 - Conference contribution
AN - SCOPUS:85168650277
T3 - Proceedings - 2023 IEEE International Conference on Environment and Electrical Engineering and 2023 IEEE Industrial and Commercial Power Systems Europe, EEEIC / I and CPS Europe 2023
BT - Proceedings - 2023 IEEE International Conference on Environment and Electrical Engineering and 2023 IEEE Industrial and Commercial Power Systems Europe, EEEIC / I and CPS Europe 2023
A2 - Leonowicz, Zbigniew
T2 - 2023 IEEE International Conference on Environment and Electrical Engineering and 2023 IEEE Industrial and Commercial Power Systems Europe, EEEIC / I and CPS Europe 2023
Y2 - 6 June 2023 through 9 June 2023
ER -