Enabling Trusted Peer-to-Peer Microgrid Energy Transactions during High-Impact Low Probability Weather Events

Existing technology management strategies to address the electricity distribution system resilience, are utilizing distributed energy resources (DERs) and hardening the network assets during High Impact Weather events (HIW). The retail market mechanism platform for multiple DERs during a power outage caused by the HIW events has not been discussed in the existing literature. This paper focuses on peer-to-peer (P2P) transactive energy platform that expects to improve energy utilization rates among several DERs considering the suspension of halting of normal pricing mechanism. Hence, a model for the feasibility of P2P transactive energy platforms across four neighborhoods during a grid disturbance caused by 2018 windstorm in Auckland, New Zealand has been discussed along with the weather data analysis for the affected zone. This paper includes an islanded microgrid, which can be utilized during a disturbance and sustain its local demand through PV generation, battery storage and P2P energy transactions.