Indexed by:

Journal paper

Document Code:

21203411

First Author:

Mingyu Yan

Correspondence Author:

Mohammad Shahidehpour

Co-author:

Ahmed Alabdulwahab,Abdullah Abusorrah,Niroj Gurung,Honghao Zheng,Oladipupo Ogunnubi,Aleksandar Vukojevic,Esa Aleksi Paaso

Journal:

IEEE Transactions on Smart Grid

Included Journals:

SCI

Place of Publication:

United States

Discipline:

Engineering

First-Level Discipline:

Electrical Engineering

Document Type:

J

Volume:

12

Issue:

6

Page Number:

4702-4714

ISSN No.:

1949-3053

Key Words:

Transacting energy and carbon market; Networked microgrids; Blockchain; Cooperative game with externalities; Two-stage payoff allocation problem

DOI number:

10.1109/TSG.2021.3109103

Date of Publication:

2021-11-06

Impact Factor:

10.275

Abstract:

This paper proposes a blockchain application for transacting energy and carbon allowance in networked microgrids (MGs). MGs submit trading energy and carbon allowance data to the centralized distribution system operator (DSO) operation, which would optimize the provision of energy and carbon allowance trading among MGs for satisfying power distribution network constraints. The hourly demand response along with onsite MG generation and the DSO's trading exchanges with ISO are considered among market options to maximize MG payoffs and satisfy distribution network constraints. A cooperative game with externalities is applied to model the market behavior of networked MGs. A two-stage payoff allocation problem is devised to allocate the grand coalition payoff to participating MGs. A solution algorithm is proposed which consists of column-and-constraint generation (C&CG) and Karush-Kuhn-Tucker (KKT) conditions to solve the proposed two-stage market optimization problem with acceptable computational performance. Also, blockchain is applied to provide secure and effective transaction settlements and transparent distribution market operations in the proposed transactive energy and carbon allowance trading strategy. The proposed centralized transactive market is tested on a 4-MG system, the IEEE 33-bus system, and the IEEE 123-bus system. The numerical results show the effectiveness of the proposed method in incentivizing MGs to trade energy and carbon allowance while satisfying the distribution network constraints.

Links to published journals:

https://ieeexplore.ieee.org/abstract/document/9525436/keywords#keywords