A Consensus ADMM Based Fully Distributed Peer-to-Peer Approach for Multi-Objective Residential Community Energy Management

Residential prosumers enable the peer-to-peer energy transfer to prompt the management of local energy resources for the benefit of their neighbourhood. This encourages the researchers to develop energy management processes for residential communities. However, existing methods perform centralized or distributed management process through a community level central controller, which makes them vulnerable to single point failure. In contrast, a fully distributed community energy management is proposed here by not using any central controller. Here, all homes solve their respective multi-objective energy management problem in parallel by exchanging their local P2P energy purchase/sell bids with the neighbours. The optimal conditions are obtained through consensus by using alternating direction method of multiplier. The home optimization problem aims to minimize energy cost and also its peak demand by regulating the operation of flexible appliances and battery. The performance characterization of proposed method is done by providing an insight on its superiority over existing methods.