	US 11,817,706 B2
	System and method for transactive energy market
Narayanan Rajagopal, Bangalore (IN); Yogesh Kumar Bichpuriya, Pune (IN); Sumit Kumar Ray, Kolkata (IN); Aashutosh Kumar Soni, Kolkata (IN); Subrata Indra, Kolkata (IN); Subham Kumar, Kolkata (IN); Vishnu Padmakumar Menon, Pune (IN); and Smita Lokhande, Kolkata (IN)
Assigned to TATA CONSULTANCY SERVICES LIMITED, Mumbai (IN)
Filed by Tata Consultancy Services Limited, Mumbai (IN)
Filed on Mar. 17, 2021, as Appl. No. 17/203,817.
Claims priority of application No. 202021012229 (IN), filed on Mar. 20, 2020.
Prior Publication US 2021/0296896 A1, Sep. 23, 2021
Int. Cl. H02J 3/00 (2006.01); G06Q 30/08 (2012.01)

CPC H02J 3/008 (2013.01) [H02J 3/003 (2020.01); H02J 3/004 (2020.01); G06Q 30/08 (2013.01)]

7 Claims

1. A processor implemented method for transactive energy market associated with a distribution network, comprising:

acquiring, by a market model, a demand-side bid information associated with one or more demand-side bids and a supply side bid information associated with one or more supply side bids in form of price-quantity in real-time in a transactive energy environment via one or more hardware processors, wherein a demand-side bid from amongst the one or more demand-side bids is acquired from at least one price responsive and transactive load in the distribution network, further wherein a supply-side bid from amongst the one or more supply-side bids is acquired from one or more energy resources for providing supply of electricity in the distribution network;

optimizing, by the market model, the demand side bid and the supply side bid using an optimization function to obtain a market clearing price (MCP) for the at least one price responsive and transactive load, via the one or more hardware processors;

analyzing, by a network simulation model, the MCP along with a network data to obtain a state information associated with the distribution network, via the one or more hardware processors, wherein the network data comprises a total demand of the distribution network, generation in the distribution network and connectivity via distribution lines of each equipment of the distribution network, and wherein the state information of the distribution network comprises voltage information at different substations in the distribution network, loading information of the distribution lines, and information on active and reactive power consumption and losses;

determining, by the market model, whether the MCP of at least one participant of the plurality of market participants is greater than a maximum demand, via the one or more hardware processors; and

performing, by the market model, via one or more hardware processors, one of:

(i) maintaining at least one of a state, energy consumption, and energy supply of the transactive load in the distribution network if the MCP is less than or equal to the maximum demand, and

(ii) facilitating change for one of the state, the energy consumption, and the energy supply of the transactive load in the distribution network, based on a pre-set logic, if the MCP is greater than the maximum demand,

wherein the optimization function to obtain the MCP comprises:

Such that:

0≤D_nj^t≤D_nj^t^{^max}∀n,j

0≤S_nj^t≤S_nj^t^{^max}∀n,j

Σ_n(Σ_jD_nj^t−Σ_jS_ni^t)=0

Σ_n(Σ_jD_nj^t=Σ_b∈B_{_n}f_b^t∀n

f_b^min≤f_b≤f_b^max

t∈{1,2, . . . ,24}

Where,

n Number of nodes

i Number of steps in generation side bids

j Number of steps in generation side bids

S_niBid of generator n at step i

D_njBid of demand n at step j

S_ni^maxMaximum capacity limit of generator n at step i

D_ni^maxMaximum demand limit of generator n at step i

f_ni^maxMaximum demand limit of transmission line b

f_ni^minMinimum capacity limit of transmission line b.