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.
