A coalition formation game framework for peer-to-peer energy trading

Wayes Tushar, Tapan Kumar Saha, Chau Yuen, M. Imran Azim, Thomas Morstyn, H. Vincent Poor, Dustin Niyato, Richard Bean

Research output: Contribution to journalArticle

7 Scopus citations

Abstract

This paper studies a social cooperation backed peer-to-peer energy trading technique by which prosumers can decide how they can use their batteries opportunistically for participating in the peer-to-peer trading. The objective is to achieve a solution in which the ultimate beneficiaries are the prosumers, i.e., a prosumer-centric solution. To do so, a coalition formation game is designed, which enables a prosumer to compare its benefit of participating in the peer-to-peer trading with and without using its battery and thus, allows the prosumer to form suitable social coalition groups with other similar prosumers in the network for conducting peer-to-peer trading. The properties of the formed coalitions are studied, and it is shown that (1) the coalition structure that stems from the social cooperation between participating prosumers at each time slot is both stable and optimal, and (2) the outcomes of the proposed peer-to-peer trading scheme are prosumer-centric. Case studies are conducted based on real household energy usage and solar generation data to highlight how the proposed scheme can benefit prosumers through exhibiting prosumer-centric properties.

Original languageEnglish (US)
Article number114436
JournalApplied Energy
Volume261
DOIs
StatePublished - Mar 1 2020

All Science Journal Classification (ASJC) codes

  • Building and Construction
  • Energy(all)
  • Mechanical Engineering
  • Management, Monitoring, Policy and Law

Keywords

  • Coalition game
  • Game theory
  • Peer to peer trading
  • Prosumer-centric
  • Social cooperation

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  • Cite this

    Tushar, W., Saha, T. K., Yuen, C., Azim, M. I., Morstyn, T., Poor, H. V., Niyato, D., & Bean, R. (2020). A coalition formation game framework for peer-to-peer energy trading. Applied Energy, 261, [114436]. https://doi.org/10.1016/j.apenergy.2019.114436