Transaction And Operation Control Algorithm For An Energy Bank

Abstract

Lack of access to energy from the grid by millions of people has led many to seek alternative and affordable solutions for energy access. PV systems are popular, quick and cost effective solutions for a multitude of people with no access to electrical energy. The drawback of the PV system is the cost of the energy storage system in comparison to the rest of the system components. To minimize or to overcome this challenge, energy bank has been proposed as a solution and part of peer to peer energy trading. This paper presents an algorithm that will coordinate, monitor and automate the energy transaction for the energy bank. The algorithm is validated in MATLAB environment. The results show a successful track and control of energy exchange between the prosumers and the energy bank.