Transactive energy framework in multi-carrier energy hubs: A fully decentralized model

This paper investigates a fully decentralized model for electricity trading within transactive energy market. The proposed presents peer-to-peer (P2P) framework between the clients. is incorporated industrial, commercial, and residential hubs to serve their associated demands in least-cost paradigm. alternating direction method of multipliers (ADMM) implemented address power flow this study. optimal operation modeled as standard mixed-integer linear programming (MILP) optimization problem. corresponding decision variables are transferred market, ADMM applied ensure minimum data exchange privacy issue. Two different scenarios have been studied show effectiveness peers, called integrated coordinated modes. In integration mode, there no P2P while framework, market taken into account. simulated on modified IEEE 33-bus distribution network. obtained results confirm that can efficiently handle hubs, addressing issue, achieving system. total operating cost lower than by $590.319, i.e. 11.75 % saving costs. regard, contributions using $3441.895, $596.600, $988.789, respectively. On other hand, these contribute $2932.645, $590.155, $914.165 highest decrease relates industrial hub 14.8 smallest 1 %. Furthermore, load demand models mitigated 13 17 %, These indicate presented could effectively significantly reduce which turn leads reducing losses.