This paper deals with power transaction between the interconnected microgrids by binding them using power routers. The power router is a device that transfers electric power between its interfaces in any form and direction using power electronics technology. Electric power router plays a key role in the network of microgrids for its versatility and flexibility of the power transfer. The conventional approaches assume that there is a market computer that handles the transactions of all the power routers that are participating in trading power. This paper proposes a method of power transaction between routers without market computer using distributed approach. This paper presents a method of finding the optimal routes from the power source to the consumer and spreading the transaction information between the microgrids by relaying routing packets. The proposed method is efficient and robust for power transaction between microgrids compared with the conventional method.