Reinforcement Learning-Based Cooperative P2P Power Trading between DC Nanogrid Clusters with Wind and PV Energy Resources

TL;DR

This paper introduces a reinforcement learning-based system utilizing graph convolutional and Bi-LSTM networks for cooperative peer-to-peer power trading among nanogrid clusters with renewable energy, optimizing profit and reducing grid power use.

Contribution

It presents a novel RL framework combining GCN and Bi-LSTM for efficient P2P power trading in nanogrids, incorporating multi-objective optimization and IoT for real-time power management.

Findings

GCN-Bi-LSTM-PPO reduces electricity cost by 36.7%.

The proposed method outperforms other RL algorithms in cost minimization.

Power trading system maximizes profit considering ToU tariffs and SMP.

Abstract

In replacing fossil fuels with renewable energy resources for carbon neutrality, the unbalanced resource production of intermittent wind and photovoltaic (PV) power is a critical issue for peer-to-peer (P2P) power trading. To address this issue, a reinforcement learning (RL) technique is introduced in this paper. For RL, a graph convolutional network (GCN) and a bi-directional long short-term memory (Bi-LSTM) network are jointly applied to P2P power trading between nanogrid clusters, based on cooperative game theory. The flexible and reliable DC nanogrid is suitable for integrating renewable energy for a distribution system. Each local nanogrid cluster takes the position of prosumer, focusing on power production and consumption simultaneously. For the power management of nanogrid cluster, multi-objective optimization is applied to each local nanogrid cluster with the Internet of Things (IoT) technology. Charging/discharging of an electric vehicle (EV) is executed considering the intermittent characteristics of wind and PV power production. RL algorithms, such as GCN- convolutional neural network (CNN) layers for deep Q-learning network (DQN), GCN-LSTM layers for deep recurrent Q-learning network (DRQN), GCN-Bi-LSTM layers for DRQN, and GCN-Bi-LSTM layers for proximal policy optimization (PPO), are used for simulations. Consequently, the cooperative P2P power trading system maximizes the profit by considering the time of use (ToU) tariff-based electricity cost and the system marginal price (SMP), and minimizes the amount of grid power consumption. Power management of nanogrid clusters with P2P power trading is simulated on a distribution test feeder in real time, and the proposed GCN-Bi-LSTM-PPO technique achieving the lowest electricity cost among the RL algorithms used for comparison reduces the electricity cost by 36.7%, averaging over nanogrid clusters.