Peer-to-peer market clearing framework for DERs using knapsack approximation algorithm

@article{Khorasany2017PeertopeerMC,
  title={Peer-to-peer market clearing framework for DERs using knapsack approximation algorithm},
  author={Mohsen Khorasany and Yateendra Mishra and Gerard Ledwich},
  journal={2017 IEEE PES Innovative Smart Grid Technologies Conference Europe (ISGT-Europe)},
  year={2017},
  pages={1-6}
}
Rapid uptake of distributed energy resources (DER) requires a new market platform for their active participation to manage energy balance locally. This paper proposes a new Peer to Peer (P2P) market in transactive energy (TE) framework for trading energy among distributed residential prosumers. P2P market is used to enable DERs to trade energy in a distribution network. DERs in the form of residential prosumers decide to buy and/or sell energy to/from other prosumers through an auction. A… CONTINUE READING

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