The role of local energy markets in low voltage networks: community-based approaches

Mehran Moradi, Hooman Farzaneh

Research output: Contribution to journalConference articlepeer-review

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 languageEnglish
Pages (from-to)293-298
Number of pages6
JournalInternational Exchange and Innovation Conference on Engineering and Sciences
Volume9
DOIs
Publication statusPublished - 2023
Event9th International Exchange and Innovation Conference on Engineering and Sciences, IEICES 2023 - Kyushu, Japan
Duration: Oct 19 2023Oct 20 2023

All Science Journal Classification (ASJC) codes

  • General

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