A uber-airbnb mixture flexibility peer-to-peer market in integrated TSO-DSO architecture

Lanqing Shan, Chenghong Gu, Furong Li

Research output: Contribution to journalArticlepeer-review

Abstract

With the launch of global decarbonisation, the infiltration of low-carbon distributed energy resources (DERs) is increasing. The future transaction platforms for those flexibilities are considered to be peer-to-peer (P2P) ones conforming to resources' characteristics of small-scale and independence. This research reviews current flexibility-related topics and proposes one P2P flexibility market filling in the gaps. The contribution of this research includes: (1) it constructs a flexibility market combining pricing strategy and matching strategy of the mature and successful real-world P2P business models, accommodating the penetration of DERs. The proposed automatic trading market could mobilise the enthusiasm of market participants and satisfy individuals' needs for a convenient market. (2) it proposes a dynamic pricing strategy where prices fluctuate with the features and portfolios of market participants. More adequate market signals are provided with the promotion of market equity. (3) it discusses the segmentation tendency of the flexibility market when considering energy products as pure commodities following the disintegration from the transmission system operator to the distribution system operator. The feasibility of the proposed market under future energy scenarios is thus explored.

Original languageEnglish
Pages (from-to)48-66
Number of pages19
JournalIET Smart Grid
Volume6
Issue number1
Early online date24 Jun 2022
DOIs
Publication statusPublished - 28 Feb 2023

Data Availability Statement

Data is openly available in a public repository that issues datasets with DOIs.

ASJC Scopus subject areas

  • Information Systems
  • Computer Networks and Communications
  • Electrical and Electronic Engineering

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