Optimal prosumer scheduling in transactive energy networks based on energy value signals

Abstract

We present a novel fully distributed strategy for joint scheduling of consumption and trading within transactive energy networks. The aim is maximizing social welfare, which itself is redefined and adapted for peer-to-peer prosumer-based markets. In the proposed scheme, hourly energy values are calculated to coordinate the joint scheduling of consumption and trading, taking into consideration both preferences and needs of all network participants. Electricity market prices are scaled locally based on hourly energy values of each prosumer. This creates a system where energy consumption and trading are coordinated based on the value of energy use throughout the day, rather than only the market price. For each prosumer, scheduling is done by allocating load (consumption) and supply (trading) blocks, maximizing the energy value globally and locally within the network. The proposed strategy was tested using a case study of typical residential prosumers. It was shown that the proposed model could provide potential benefits for both prosumers and the grid, albeit with a user-centered, fully distributed management model which relies solely on local scheduling in transactive energy networks.