Decentralized micro-energy storage capacity sharing within the residential community: an enhanced uniform price-based bidding framework

Abstract

“Sharing economy” refers to a transformative socio-economic phenomenon where individuals or institution with idle resources transfer the right to use resources for economic compensation. With the widespread adoption of distributed photovoltaic generation and energy storage (ES) device in residential communities, there is a growing interest in establishing a suitable platform for residential users to share their ES capacity with community shared equipment controllers (CSECs). This paper proposes a local ES capacity sharing market, and presents the market trading process, pricing and allocation rules using an iterative uniform-price bidding mechanism Acknowledging the selfish-interest of both RUs and CSECs, we introduce the resource management organization (RMO) as a regulated third-party organization responsible for administering the market. To evaluate the proposed scheme, we conduct case studies based on real-life data from Pecan Street. The numerical experiment results demonstrate the effectiveness and applicability of our approach.