Decentralised Energy Market for Implementation into the Intergrid Concept - Part 2: Integrated System

A companion paper provided a rigorous argument for research into alternative network architectures and decentralised transactive energy market trading mechanisms, using the Australia electricity sector as a case study. This paper builds upon the previous work to hierarchically scale or integrate the transactive energy market (TEM) mechanism and the proposed network architecture (intergrid) to investigate the behaviour of a completed system. Furthermore, this paper builds upon the idealised agent algorithm model presented in the companion paper to include non-ideal conditions such as network losses, component losses, blockchain fees and Distribution Network Service Provider (DNSP) fees. The simulation results contained here-within verify the hypothesis predicted within the companion paper - the hierarchical scaling of the transactive energy market may reduce the market fluctuations (magnitude and frequency) due to increased competition and availability of supply. The results illustrate the potential of the intergrid architecture coupled with a decentralised TEM to permit large penetration levels of distributed generation and storage and for retail energy price reductions.