Social Factors in P2P Energy Trading Using Hedonic Games

09/04/2023
by   Dan Mitrea, et al.
0

Lately, the energy communities have gained a lot of attention as they have the potential to significantly contribute to the resilience and flexibility of the energy system, facilitating widespread integration of intermittent renewable energy sources. Within these communities the prosumers can engage in peer-to-peer trading, fostering local collaborations and increasing awareness about energy usage and flexible consumption. However, even under these favorable conditions, prosumer engagement levels remain low, requiring trading mechanisms that are aligned with their social values and expectations. In this paper, we introduce an innovative hedonic game coordination and cooperation model for P2P energy trading among prosumers which considers the social relationships within an energy community to create energy coalitions and facilitate energy transactions among them. We defined a heuristic that optimizes the prosumers coalitions, considering their social and energy price preferences and balancing the energy demand and supply within the community. We integrated the proposed hedonic game model into a state-of-the-art blockchain-based P2P energy flexibility market and evaluated its performance within an energy community of prosumers. The evaluation results on a blockchain-based P2P energy flexibility market show the effectiveness in considering social factors when creating coalitions, increasing the total amount of energy transacted in a market session by 5 theory-based solutions. Finally, it shows the importance of the social dimensions of P2P energy transactions, the positive social dynamics in the energy community increasing the amount of energy transacted by more than 10 while contributing to a more balanced energy demand and supply within the community.

READ FULL TEXT
research
07/20/2019

Design and Field Implementation of Blockchain Based Renewable Energy Trading in Residential Communities

This paper proposes a peer to peer (P2P), blockchain based energy tradin...
research
09/28/2018

Peer-to-Peer Energy Trading with Sustainable User Participation: A Game Theoretic Approach

This paper explores the feasibility of social cooperation between prosum...
research
12/24/2019

A Coalition Formation Game Framework for Peer-to-Peer Energy Trading

This paper studies social cooperation backed peer-to-peer energy trading...
research
05/04/2022

Optimal Network Charge for Peer-to-Peer Energy Trading: A Grid Perspective

Peer-to-peer (P2P) energy trading is a promising market scheme to accomm...
research
04/04/2023

Scalable Online Learning of Approximate Stackelberg Solutions in Energy Trading Games with Demand Response Aggregators

In this work, a Stackelberg game theoretic framework is proposed for tra...
research
01/19/2018

No Silk Road for Online Gamers!: Using Social Network Analysis to Unveil Black Markets in Online Games

Online game involves a very large number of users who are interconnected...
research
07/28/2018

Energy Contract Settlements through Automated Negotiation in Residential Cooperatives

This paper presents an automated peer-to-peer (P2P) negotiation strategy...

Please sign up or login with your details

Forgot password? Click here to reset