Abstract
Rising adoption of distributed energy resources (DER) is bringing about significant transformations and challenges in future power systems. The main objective of a system operator is to optimize demand-side energy trading while reducing reliance on energy imports from the main grid. To address this, a trustworthy local energy market (LEM) trading system is suggested in this research, enabling consumers and prosumers to efficiently trade their own produced energy within a community-based market (CBM) structure, thereby achieving optimal energy balance. The primary aim of the suggested framework is to achieve cost reduction through equitable distribution of resources. Additionally, the model examines the Japan Electric Power Exchange market in Tokyo. Lastly, an assessment has been conducted on how the proposed markets affect low-voltage networks.
Original language | English |
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Pages (from-to) | 293-298 |
Number of pages | 6 |
Journal | International Exchange and Innovation Conference on Engineering and Sciences |
Volume | 9 |
DOIs | |
Publication status | Published - 2023 |
Event | 9th International Exchange and Innovation Conference on Engineering and Sciences, IEICES 2023 - Kyushu, Japan Duration: Oct 19 2023 → Oct 20 2023 |
All Science Journal Classification (ASJC) codes
- General