A Sensitivity Analysis of PSO Parameters Solving the P2P Electricity Market Problem

• Main Author: Vieira, Miguel
• Publication Date: 2022
• Other Authors: Faia, Ricardo, Lezama, Fernando, Canizes, Bruno, Vale, Zita
• Language: eng
• Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
• Download full: http://hdl.handle.net/10400.22/22474
• topic: Local electricity markets; Particle Swarm Optimization; Peer-to-Peer transactions; Sensitivity analysis; Swarm intelligence

Energy community markets have emerged to promote prosumers' active participation and empowerment in the electrical power system. These initiatives allow prosumers to transact electricity locally without an intermediary such as an aggregator. However, it is necessary to implement optimization methods that determine the best transactions within the energy community, obtaining the best solution under these models. Particle Swarm Optimization (PSO) fits this type of problem well because it allows reaching results in short optimization times. Furthermore, applying this metaheuristic to the problem is easy compared to other available optimization tools. In this work, we provide a sensitivity analysis of the impact of different parameters of PSO in solving an energy community market problem. As a result, the combination of parameters that lead to the best results is obtained, demonstrating the effectiveness of PSO solving different case studies.