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AUQ–ADMM Algorithm-Based Peer-to-Peer Trading Strategy in Large-Scale Interconnected Microgrid Systems Considering Carbon Trading

Chun Wei, Yudie Wang, Zhuzheng Shen, Dongliang Xiao, Xiaoqing Bai, Haoyong Chen

2023IEEE Systems Journal33 citationsDOI

Abstract

In the context of dual carbon target, this article proposes an optimal dispatch strategy for peer-to-peer (P2P) trading of large-scale interconnected microgrid (MG) systems considering carbon trading cost so that the individual MG can minimize its operation cost and earn profits through active trading. A robust optimization approach is adopted to cope with the uncertain renewable power outputs, and an adaptive uncertainty quantification–alternative direction method of multipliers (AUQ–ADMM) algorithm is used to solve the game problem of large-scale MGs participating in trading, which encourages individual MG to trade power and share benefit fairly proactively. Simulation analysis is conducted for large-scale interconnected MGs. The proposed AUQ–ADMM algorithm-based P2P trading scheme is verified to be economical, fair, and environmentally friendly, which also has superior convergence performance for large-scale MG P2P trading problems compared with the traditional ADMM algorithm.

Topics & Concepts

MicrogridComputer scienceConvergence (economics)Context (archaeology)Scale (ratio)Mathematical optimizationDual (grammatical number)Scheme (mathematics)Distributed computingEconomicsMathematicsArtificial intelligenceQuantum mechanicsBiologyArtControl (management)LiteraturePaleontologyMathematical analysisPhysicsEconomic growthMicrogrid Control and OptimizationSmart Grid Energy ManagementOptimal Power Flow Distribution
AUQ–ADMM Algorithm-Based Peer-to-Peer Trading Strategy in Large-Scale Interconnected Microgrid Systems Considering Carbon Trading | Litcius