Strategic Prosumers-Based Peer-to-Peer Energy Market Design for Community Microgrids

With the emerging of prosumers in residential level, peer-to-peer (P2P) energy trading provides a novel way to prompt the localized management of distributed energy resources (DERs). However, the work of designing an appropriate market framework, with the fair and flexible pricing strategy for each participant, is still very challenging. This article proposes a two-settlement P2P energy market framework for the joint scheduling and trading of prosumers in community microgrid. To provide price certainty and increase the localized transaction volume of DERs, a risk-implemented simultaneous game approach is adopted into the hour-ahead market. For mitigating the supply uncertainties in local, meanwhile optimizing the overall financial benefits for the entire microgrid, a BRP-based reserve services mechanism, with an auction-based pricing strategy, is implemented to a real-time market. The various case-based simulation results are presented to verify the effectiveness of the proposed two-settlement trading scheme for financial benefits enhancing and DERs consumption increasing in the P2P energy market.