Creditability-Reputation-Based Trading Mechanism for Peer-to-Peer Energy Market

Abstract

Prosumers with the ability to both produce and consume energy emerge as a result of the increasing penetration of renewable energy resources. A proper trading mechanism that allocates the energy supply and demand under the interface of the uncertainties of renewable resources with reasonable prices is urgently needed. In this paper, a novel Creditability-Reputation-Based(CRB) Peer-to-Peer trading mechanism is designed to benefit prosumers who perform well in the historical trading. The proposed Creditability-Reputation(CR) system aims to quantify the performance of prosumers dynamically and is applied to the trading mechanism. In the simulation, a 24 periods trading of 10 prosumers is implemented. The case study shows the effectiveness and advantage of the proposed method.