Framework to manage multiple goals in community-based energy sharing network in smart grid

•Framework to manage multiple goals in community based energy sharing network.•Negotiate among the goals and reduce the gap with their achievement levels.•Present the effect of target values of individual goals on the system behavior.•Allocate realistic mutual goals for prosumer community groups.

Smart grid has opened up a new role of “prosumer” in an energy value network, transforming many conventional energy consumers into prosumers, who not only generate green energy but also share the surplus with utilities and other consumers. The concept of a goal-oriented prosumer community group (PCG) has emerged recently as an effective way to fulfill sustainable energy exchange. Such community-based energy sharing networks comprise multiple irreconcilable objectives such as demand constraints, cost constraints, and income maximization. In many cases, one goal may be achievable only at the expense of other goals. This necessitates the development of an effective framework to manage the multiple goals and reduce the gap with their achievement levels. Therefore, in this research paper, an effective framework is developed to negotiate among the multiple goals and thus to define optimal mutual goals for each PCG in a more sustainable manner using multiple-criteria goal programming techniques. Simulation results are presented to illustrate how the methods work in practical situations, where each of the objective measure is given a target value and the unwanted deviations from this set are minimized in an achievement function.