Distributed P2P Energy Trading System Using Matching Mechanism

Abstract

In this research, we propose a new decentralized power distribution system. Producers and the consumers are connected bi-directionally with a power line and are able to trade electric power in real time. For this, they submit bids freely based on personal preferences to spot markets. In this paper, we not only conceptually design the power distribution system, but also simulate the system for a given case study. We could confirm the behavior of the market by reproducing the bidding strategies and the power transactions of the system. We show that trading can significantly reduce curtailment of solar energy, especially if batteries are included.