TY - GEN
T1 - Bidirectional DC Energy Meter for Peer-to-Peer Energy Trading and Smart Metering
AU - Longe, Omowunmi Mary
AU - Sibelo, Faith Ntandoyenkosi
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.
PY - 2024
Y1 - 2024
N2 - In most areas of South Africa, there is great potential for solar energy and a need for sustainable and affordable energy as the primary supplier of electrical energy from the national grid fails to meet consumers’ demand. Solar-powered homes and microgrids with the provision of peer-to-peer (P2P) energy trading can be an effective solution to this, but the installation of such systems can be costly at the initial stage. The literature study shows that bidirectional direct current (DC) energy meters with various functionalities do exist in the market, but they are usually expensive and have more functionalities than are needed to solve the specific problem of shared P2P energy measurement and trading, especially among low-income households. In this paper, an affordable bidirectional energy meter was built to measure the DC energy that is shared within a solar-powered microgrid. This DC energy meter allows prosumers to monitor their energy buying and selling activities profitably. The prototype of the bidirectional DC energy meter for P2P energy trading built and presented in this paper would save the owners 52.5% purchasing cost compared to the commercially available brands in the market thereby making it affordable for low-income prosumer households. Also, the device has an accuracy of 98.8% in energy measurements making its readings reliable for good energy trading decisions by prosumers.
AB - In most areas of South Africa, there is great potential for solar energy and a need for sustainable and affordable energy as the primary supplier of electrical energy from the national grid fails to meet consumers’ demand. Solar-powered homes and microgrids with the provision of peer-to-peer (P2P) energy trading can be an effective solution to this, but the installation of such systems can be costly at the initial stage. The literature study shows that bidirectional direct current (DC) energy meters with various functionalities do exist in the market, but they are usually expensive and have more functionalities than are needed to solve the specific problem of shared P2P energy measurement and trading, especially among low-income households. In this paper, an affordable bidirectional energy meter was built to measure the DC energy that is shared within a solar-powered microgrid. This DC energy meter allows prosumers to monitor their energy buying and selling activities profitably. The prototype of the bidirectional DC energy meter for P2P energy trading built and presented in this paper would save the owners 52.5% purchasing cost compared to the commercially available brands in the market thereby making it affordable for low-income prosumer households. Also, the device has an accuracy of 98.8% in energy measurements making its readings reliable for good energy trading decisions by prosumers.
KW - Bidirectional energy trading
KW - DC energy meter
KW - Peer-to-Peer (P2P) energy trading
KW - Prosumers
KW - Smart metering
UR - http://www.scopus.com/inward/record.url?scp=85189313127&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-53963-3_24
DO - 10.1007/978-3-031-53963-3_24
M3 - Conference contribution
AN - SCOPUS:85189313127
SN - 9783031539626
T3 - Lecture Notes in Networks and Systems
SP - 346
EP - 357
BT - Advances in Information and Communication - Proceedings of the 2024 Future of Information and Communication Conference FICC
A2 - Arai, Kohei
PB - Springer Science and Business Media Deutschland GmbH
T2 - Future of Information and Communication Conference, FICC 2024
Y2 - 4 April 2024 through 5 April 2024
ER -