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Abstract
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This paper presents an approach to the transactive energy (TE) market that aims to improve the network
efficiency and fairness of electricity market in distribution systems. The TE market is designed to allow
subscribers to trade electricity in real-time based-on their energy consumption and generation forecast. The
proposed framework utilizes distribution locational marginal pricing (DLMP), which accurately reflects the
costs of electricity transmission and distribution, to fairly allocate these costs among subscribers. The Small
Neighborhood Search Optimal Points (SNSOP) algorithm is then introduced to solve the challenge of finding
optimal points for all participants in the TE market, as the maximum financial gain for one participant comes
at the maximum financial loss of another participant. The results of the case study show that the proposed
framework leads to a more efficient and reliable electricity network, by enabling decentralized control and
reducing losses through optimal trades in the TE market.
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