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

Wayes Tushar, Tapan Kumar Saha, Chau Yuen, Paul Liddell, Richard Bean, H. Vincent Poor

Research output: Contribution to journalArticlepeer-review

34 Scopus citations

Abstract

This paper explores the feasibility of social cooperation between prosumers within an energy network in establishing their sustainable participation in peer-to-peer (P2P) energy trading. In particular, a canonical coalition game (CCG) is utilized to propose a P2P energy trading scheme, in which a set of participating prosumers form a coalition group to trade their energy, if there is any, with one another. By exploring the concept of the core of the designed CCG framework, the mid-market rate is utilized as a pricing mechanism of the proposed P2P trading to confirm the stability of the coalition as well as to guarantee the benefit to the prosumers for forming the social coalition. This paper further introduces the motivational psychology models that are relevant to the proposed P2P scheme and it is shown that the outcomes of the proposed P2P energy trading scheme satisfy the discussed models. Consequently, it is proven that the proposed scheme is consumer-centric and has the potential to corroborate sustainable prosumer participation in P2P energy trading. Finally, some numerical examples are provided to demonstrate the beneficial properties of the proposed scheme.

Original languageEnglish (US)
Article number8490655
Pages (from-to)62932-62943
Number of pages12
JournalIEEE Access
Volume6
DOIs
StatePublished - 2018

All Science Journal Classification (ASJC) codes

  • Computer Science(all)
  • Materials Science(all)
  • Engineering(all)

Keywords

  • Peer-to-peer trading
  • consumer-centric
  • game theory
  • motivational psychology
  • social cooperation

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