Design of a Prosumer-Centric Local Energy Market: An Approach Based on Prospect Theory
Nikos Andriopoulos,
Konstantinos Plakas,
Alexios Birbas
et al.
Abstract:The energy sector is undergoing a transformative shift, driven by advancements in Distributed Energy Resources (DERs), the digitization of the energy supply chain and decarbonization policy objectives across the world. This paradigm shift has led to the emergence of Local Energy Markets (LEMs), which enable small-scale prosumers to actively participate in the energy market, trade power, and leverage their flexible resources. To ensure the success and acceptance of LEMs, this paper proposes a cooperative game-t… Show more
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