Prosumer Markets: A Unified Formulation

Baroche, Thomas; Moret, Fabio; Pinson, Pierre

doi:10.1109/ptc.2019.8810474

Cited by 40 publications

(41 citation statements)

References 13 publications

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“…x x x [120] x x x [121] x x x [122] x x x x [123] x x x x [124] x [125] x [81] x x x x [126] x x [127] x [128] x x [47] x x [129] x x [130] x [131] x x [132] x x x [133] x x [118] x x [134] x x [135] x x [136] x x [137] x x x [138] x x x [139] x x x [140] x x [141] x x x [142] x x x [86] x x x x [143] x x x [144] x x x [145] x x x [146] x x x [147] x x x…”

Section: E Social Aspectsmentioning

confidence: 99%

“…In Ref. [116], the DSO performs an AC PF analysis after each market clearing and informs the D R A F T x x [70] x x [94] x x x [95] x x [96] x x x x [97] x x [98] x x x [62] x x x x [99] x x x x [100] x x x x [101] x x x [102] x x x [103] x x x [104] x x [105] x x [48] x [107] x x x x [108] x x [109] x x x [110] x x x [111] x x x [112] x x x [156] x x x x [113] x x x [114] x x x [115] x x [116] x x [117] x x [118] x x [119] x x [120] x x [121] x x [122] x x [123] x x x [124] x x x [125] x x x x [81] x x x x [126] x [127] x x x [47] x [129] x x [130] x x [131] x x x [132] x x [133] x x [118] x x [134] x x x…”

Section: ) Literature Focus: Cooperative Gamesmentioning

confidence: 99%

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Developments and Challenges in Local Electricity Markets: A Comprehensive Review

et al. 2021

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In recent years, power systems have undergone changes in technology and definition of the associated stakeholders. With the increase in distributed renewable generation and small-to medium-sized consumers starting to actively participate on the supply side, a suitable incorporation of decentralized agents into the power system is required. A promising scheme to support this shift is given by local electricity markets. These provide an opportunity to extend the liberal wholesale markets for electrical power found in Europe and the United States to the communal level. Compared to these more established markets, local electricity markets, however, neither have few practical implementations nor standardized frameworks. In order to fill this research gap and classify the types of local electricity markets, the presented paper therefore starts with the challenges that these markets attempt to solve. This is then extended to an analysis of the theoretical and practical background with a focus on these derived challenges. The theoretical background is provided in the form of an introduction to state-of-the-art models and the associated literature, whereas the practical background is provided in form of a summary of ongoing and recent projects on local electricity markets. As a result, this paper presents a foundation for future research and projects attempting to approach the here presented challenges in distribution of generation, integration of demand response, decentralization of markets and legal and social issues via local electricity markets.

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Section: E Social Aspectsmentioning

confidence: 99%

Section: ) Literature Focus: Cooperative Gamesmentioning

confidence: 99%

Developments and Challenges in Local Electricity Markets: A Comprehensive Review

et al. 2021

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“…In order to perform a simulation, first, a test case is synthesized and then the game in (15), which is based on the test case and where K = 24, for each i ∈ N , is solved by Algorithm 1. The stopping criteria in the simulations use the primal and dual residuals associated with the reciprocity constraints [17], i.e., col({S tr (i,j) u i (k) + S tr (j,i) u j (k)} j∈Ni,i∈N ) 2 ≤ 0.01 and col({u…”

Section: Iterate Until Convergencementioning

confidence: 99%

“…However, the P2P paradigm poses a significant challenge in terms of modeling the decisionmaking process of the participants due to their conflicting interests [1]. In the literature, P2P energy trading mechanisms are proposed in various forms, e.g., matching contracts [16], consensus-based optimization [17]. Nevertheless, a very efficient algorithm to solve the resource allocation problem in a P2P market of prosumers is yet to be found.…”

Section: Introductionmentioning

confidence: 99%

Energy Management and Peer-to-peer Trading in Future Smart Grids: A Distributed Game-Theoretic Approach

Belgioioso¹,

Ananduta

Grammatico

et al. 2020

2020 European Control Conference (ECC)

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We consider the economic dispatch problem for a day-ahead, peer-to-peer (P2P) electricity market of prosumers (i.e., energy consumers who can also produce electricity) in a distribution network. In our model, each prosumer has the capability of producing power through its dispatchable or nondispatchable generation units and/or has a storage energy unit. Furthermore, we consider a hybrid main grid & P2P market in which each prosumer can trade power both with the main grid and with (some of) the other prosumers. First, we cast the economic dispatch problem as a noncooperative game with coupling constraints. Then, we design a fully-scalable algorithm to steer the system to a generalized Nash equilibrium (GNE). Finally, we show through numerical studies that the proposed methodology has the potential to ensure safe and efficient operation of the power grid.

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“…The increasing presence of more proactive actors or agents in the current power system has triggered a design and adaptation of a more decentralized paradigm to power systems and electricity market operation [49,147]. P2P energy trading is one of the promising approaches for implementing decentralized electricity market paradigms.…”

Section: Introductionmentioning

confidence: 99%

A transactive energy management system for future community needs

Paudel¹

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Prosumer Markets: A Unified Formulation

Cited by 40 publications

References 13 publications

Developments and Challenges in Local Electricity Markets: A Comprehensive Review

Developments and Challenges in Local Electricity Markets: A Comprehensive Review

Energy Management and Peer-to-peer Trading in Future Smart Grids: A Distributed Game-Theoretic Approach

A transactive energy management system for future community needs

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