Modelling the formation of peer-to-peer trading coalitions and prosumer participation incentives in transactive energy communities

Peer-to-peer (P2P) energy trading and energy communities have garnered much attention over in recent years due to increasing investments in local energy generation and storage assets. Much research has been performed on the mechanisms and methodologies behind their implementation and realisation. However, the efficiency to be gained from P2P...

Responsive FLEXibility: A smart local energy system

The transition towards a more decarbonised, resilient and distributed energy system requires local initiatives, such as Smart Local Energy Systems (SLES), which lead communities to gain self-sufficiency and become electricity islands. Although many SLES projects have been recently deployed, only a few of them have managed to be successful,...

Real-Time Control of Distributed Batteries with Blockchain-Enabled Market Export Commitments

Recent years have seen a surge of interest in distributed residential batteries for households with renewable generation. Yet, assuring battery assets are profitable for their owners requires a complex optimisation of the battery asset and additional revenue sources, such as novel ways to access wholesale energy markets. In this paper, we...

Smart contracts in energy systems: A systematic review of fundamental approaches and implementations

Given the ongoing transition towards a more decentralised and adaptive energy system, the potential of blockchain-enabled smart contracts for the energy sector is being increasingly recognised. Due to their self-executing, customisable and tamper-proof nature, they are seen as a key technology for enabling the transition to a more efficient,...

Modeling economic sharing of joint assets in community energy projects under LV network constraints

The trend of decentralization of energy services has given rise to community energy systems. These energy communities aim to maximize the self-consumption of local renewable energy generated and stored in assets that are typically connected to low-voltage (LV) distribution networks. Energy community schemes often involve jointly owned assets...

Data-driven modelling of energy demand response behaviour based on a large-scale residential trial

Recent years have seen an increasing interest in Demand Response (DR), as a means to satisfy the growing flexibility needs of modern power grids. This increased flexibility is required due to the growing proportion of intermittent renewable energy generation into the energy mix, and increasing complexity in demand profiles from the...

Analysis of strategic renewable energy, grid and storage capacity investments via Stackelberg-cournot modelling

With increasing decarbonisation and accessibility to our energy systems and markets, there is a need to understand and optimise the value proposition for different stakeholders. Game-theoretic models represent a promising approach to study strategic interactions between self-interested private energy system investors. In this work, we design...