Automated Negotiation for Peer-To-Peer Trading of Renewable Energy in Off-Grid Communities

Christie Etukudor, Valentin Robu, Benoit Couraud, Gudrun Kocher, Wolf-Gerrit Fruh, David Flynn, Chinonso Okereke

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Electricity-Access is a growing concern in developing countries of Sub-Saharan Africa where approximately 563million people (8% of the global population) lack electricity. Many use fossil-fuel generators and/or solar-home-systems (SHSs) with storage. Given the observed excess and unutilized electricity generated from these SHSs, a novel community peer-To-peer (P2P) electricity-market using automated negotiations is presented as a solution to improve access to electricity. Software agents representing World Bank Tiers 1-4 electricity-Access households bilaterally negotiate electricity price and quantities applying five different negotiations heuristics. Simulation results show 65-100% trade of the excess generation; with Tiers 1-2 (low-income households) negotiating sufficient electricity (1-1.1kWh/day) at the least market-price of £0.35/kWh to move to Tier 3. Likewise, the Tier 3 household agent negotiated 1.5kWh/day sufficient to meet its needs. This novel electricitymarket model can help drive the United Nations goal of affordable, sustainable and modern energy for all by 2030.

Original languageEnglish
Title of host publication2019 IEEE PES/IAS PowerAfrica
PublisherIEEE
Pages243-248
Number of pages6
ISBN (Electronic)9781728110103
DOIs
Publication statusPublished - 9 Dec 2019
Event2019 IEEE Power and Energy Society/Industrial Applications Society PowerAfrica Conference - Abuja, Nigeria
Duration: 20 Aug 201923 Aug 2019

Conference

Conference2019 IEEE Power and Energy Society/Industrial Applications Society PowerAfrica Conference
Abbreviated titlePowerAfrica 2019
CountryNigeria
CityAbuja
Period20/08/1923/08/19

Keywords

  • automated negotiations
  • heuristic algorithms
  • multi-Agents trading
  • P2P Electricity Trade

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Energy Engineering and Power Technology
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering
  • Development
  • Control and Optimization

Fingerprint Dive into the research topics of 'Automated Negotiation for Peer-To-Peer Trading of Renewable Energy in Off-Grid Communities'. Together they form a unique fingerprint.

  • Cite this

    Etukudor, C., Robu, V., Couraud, B., Kocher, G., Fruh, W-G., Flynn, D., & Okereke, C. (2019). Automated Negotiation for Peer-To-Peer Trading of Renewable Energy in Off-Grid Communities. In 2019 IEEE PES/IAS PowerAfrica (pp. 243-248). IEEE. https://doi.org/10.1109/PowerAfrica.2019.8928640