A Two-Tier Distributed Market Clearing Scheme for Peer-to-Peer Energy Sharing in Smart Grid

This article presents a novel two-tier peer-to-peer (P2P) market paradigm for energy sharing between multiregional proactive prosumers (producer+consumer) in transactive energy systems. In the proposed approach, interactions between prosumers can be achieved in inter-area markets as well as intra-area markets. A dual decomposition based and a consensus-based distributed market-clearing approaches ...