Title: A Study of Energy Trading in a Low-Voltage Network: Centralised and Distributed Approaches,
Abstract: Over the past years, distributed energy resources (DER) have been the object
of many studies, which recognise and establish their emerging role in the
future of power systems. However, the implementation of many scenarios and
mechanism are still challenging. This paper provides an overview of a local
energy market and explores the approaches in which consumers and prosumers take
part in this market. Therefore, the purpose of this paper is to review the
benefits of local markets for users. This study assesses the performance of
distributed and centralised trading mechanisms, comparing scenarios where the
objective of the exchange may be based on individual or social welfare.
Simulation results show the advantages of local markets and demonstrate the
importance of advancing the understanding of local markets.