A1 Journal article (refereed), original research

Dynamic allocation of peer-to-peer clusters in virtual local electricity markets: A marketplace for EV flexibility

Open Access hybrid publication

Publication Details

Authors: Hashemipour Naser, Crespo del Granado Pedro, Aghaei Jamshid

Publisher: Elsevier

Publication year: 2021

Language: English

Related journal or series: Energy

Journal acronym: Energy

Volume number: 236

ISSN: 0360-5442

eISSN: 1873-6785

JUFO level of this publication: 3

Digital Object Identifier (DOI): http://dx.doi.org/10.1016/j.energy.2021.121428

Permanent website address: https://www.sciencedirect.com/science/article/pii/S0360544221016765?via=ihub

Open Access: Open Access hybrid publication


    Local Electricity Markets (LEM) and peer-to-peer trading are new mechanisms to encourage the uptake of solar PV and to support the emergence of consumer-centric electricity markets. However, the coordination to trade between consumers and prosumers has different definitions depending on the context and features of the energy system. This paper introduces a new vision: creating virtual LEMs by cooperatively mixing (optimal matching) different load and renewable profiles that complement each other. Since consumer and prosumer profiles change every day (weather conditions or demand behaviors), the dynamic formation of virtual LEMs changes daily. To reward flexibility, Electric Vehicles (EV) are also pooled into forming a virtual LEM. That is, we investigate: What is the value of creating virtual local markets (via clustering)?, and what is the impact of EV flexibility on the creation of virtual LEMs? Through implementing a LEM optimization model with a clustering approach, we analyze the formation of LEMs for a set of end-users in London. Results indicate that a single large LEM (no clustering) is comparatively similar to multiple LEMs (clustering). EV flexibility obtains more revenue in this new marketplace. Findings are encouraging as dynamic virtual LEMs can enable, accelerate and bring scalability for a ubiquitous deployment of LEMs.

    Last updated on 2021-03-08 at 10:54