Energy Storage Strategy in a Non-Agent Energy Trading Platform: Energy Bank System

This paper addresses a strategy for distributed energy storage system (DESS) in a non-agent energy trading platform. This platform is based on the peer-to-peer (P2P) trading method. It is termed as energy bank system (EBS). The trading mechanism of EBS refers to the banking system and the BitCoin trading system. There is no requirement for users to participate in EBS. To make EBS suit various kinds of DESS, a coefficient of energy charging is defined as figure of distributed energy charging (FDEC). FDEC is processed in participant-side for the optimization energy management strategy. The conditional Value-at-Risk (CVaR) is used for analyzing the risk of FDEC management. The trading method of EBS is the call action method, and the trading mechanism follows the rule of maximum transaction volume. Case study is based on the real historical data in Australia electricity market considering the renewable distributed generation (RDG) system. Also, the economic analysis is discussed base on the simulation results.