@article{23c0eaafc3fc417b85fdacb19813fa22,
title = "Distribution Locational Marginal Price Based Transactive Energy Management in Distribution Systems with Smart Prosumers—A Multi-Agent Approach",
abstract = "This work proposes a distribution locational marginal price (DLMP)-based transactive energy (TE) framework for distribution systems with enthusiastic or smart prosumers. The framework uses a multi-agent system (MAS) as the basis on which the proposed TE model, i.e., distribution locational marginal price (DLMP) based TE management system (DTEMS), is implemented. DTEMS uses a novel metric known as the nodal earning component, which is determined by the optimal power flow (OPF) based smart auction mechanism, to schedule the TE transactions optimally among the stakeholders by alleviating the congestion in the distribution system. Based on the individual contributions to the congestion relief, DTEMS ranks the prosumers and loads as most valuable players (MVP) and assigns the energy trading price according to the category of the player. The effectiveness of the proposed TE model is verified by simulating the proposed DTEMS for a modified 33 bus radial distribution system fed with various plug-able energy resources, prosumers, and microgrids.",
keywords = "Demand response, Distribution locational marginal price, Electricity markets, Microgrids, Multi-agent system, transactive energy, Renewable energy, renewable energy, electricity markets, distribution locational marginal price, microgrids multi-agent system, demand response",
author = "Yerasyl Amanbek and Aidana Kalakova and Svetlana Zhakiyeva and Korhan Kayisli and Nurkhat Zhakiyev and Daniel Friedrich",
note = "Funding Information: Funding: This research was funded by the Science Committee of the Ministry of Education and Science of the Republic of Kazakhstan, grant number AP09261258. (D.F.) would like to acknowledge the financial support from the Engineering and Physical Sciences Research Council under grant no. EP/V042955/1 (DecarbonISation PAThways for Cooling and Heating (DISPATCH)). Funding Information: Acknowledgments: The presented research is partly based on the master thesis work completed by (Y.A.) while studying in the Department of Electrical and Computer Engineering, Nazarbayev University, Kazakhstan. In memory of inspiring professors and brilliant teachers, (Y.A.) posthumously acknowledges H.S.V. Sivanand Kumar Nunna, and Alexander Ruderman for supervising his master thesis. (N.Z and K.K.) acknowledges the Scholarship Programme from the Islamic Development Bank (ID 2021-588606), Ilhami Colak for the insightful feedback. (N.Z. and D.F.) acknowledges the Frontiers Champions programme of Royal Academy of Engineering for developing an academic network. Publisher Copyright: {\textcopyright} 2022 by the authors. Licensee MDPI, Basel, Switzerland.",
year = "2022",
month = apr,
day = "1",
doi = "10.3390/en15072404",
language = "English",
volume = "15",
journal = "Energies",
issn = "1996-1073",
publisher = "MDPI AG",
number = "7",
}