A New Peer-to-Peer Energy Trading Model in an Isolated Multi-agent Microgrid

Microgrids, which have newly been included in power systems, have facilitated the management of distributed generations. In this context, the privatization of power systems, as well as flexible sources like electrical vehicles and storage systems, has been enhanced significantly by the advent of microgrids. In a microgrid structure, the microgrid’s operator coordinates the agents and ensures the reliability of the network, while the agents manage their local resources independently. Nonetheless, new management methods should be implemented into the multi-agent-structured microgrids to meet their distributed nature. This paper proposes a new peer-to-peer energy market to optimize the operation of a multi-agent microgrid run in the isolated mode. The designed framework facilitates power trading between the system agents and addresses the privacy issues of the network consumers or producers. The proposed scheme is finally simulated on a 15-bus multi-agent-structured microgrid to study its effect on microgrid management in the isolated mode.