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Transactive Energy Auction with Hidden User Information in Microgrid [article]

M. Nazif Faqiry, Sanjoy Das
2016 arXiv   pre-print
This research proposes a novel auction mechanism for transactive energy exchange between buyers and sellers, modeled as agents in a microgrid.  ...  The mechanism is implemented by a separate microgrid controller (MC) agent, and requires big data flow with the other agents through an iterative bidding process.  ...  CONCLUSION In this research a double sided, weakly budget balanced, individually rational, and efficient transactive energy auction with user hidden information is presented for a microgrid.  ... 
arXiv:1608.03649v1 fatcat:utad4qhs3fhlxhc6r64pp6not4

A Q-Cube Framework of Reinforcement Learning Algorithm for Continuous Double Auction among Microgrids

Ning Wang, Weisheng Xu, Weihui Shao, Zhiyu Xu
2019 Energies  
In this paper, we investigate the potential of applying a Q-learning algorithm into a continuous double auction mechanism.  ...  Decision-making of microgrids in the condition of a dynamic uncertain bidding environment has always been a significant subject of interest in the context of energy markets.  ...  Q-Learning Based Continuous Double Auction Mechanism This paper proposes a Q-learning based continuous double auction (QLCDA) mechanism for the energy trading market.  ... 
doi:10.3390/en12152891 fatcat:z3adfrb7ivgiljavsm7puxsbie

Optimizing Blockchain Based Smart Grid Auctions: A Green Revolution [article]

Muneeb Ul Hassan, Mubashir Husain Rehmani, Jinjun Chen
2021 arXiv   pre-print
Therefore, research works are being carried out to propose efficient decentralized auctions for energy trading.  ...  Traditional smart grid energy auctions cannot directly be integrated in blockchain due to its decentralized nature.  ...  Authors designed an energy efficient architecture for smooth energy trading in multi-microgrid scenario.  ... 
arXiv:2102.02583v2 fatcat:5mwat6r5nngivizyocljb3vgeu

Incentive Based Load Shedding Management in a Microgrid Using Combinatorial Auction with IoT Infrastructure

Bizzat Hussain Zaidi, Ihsan Ullah, Musharraf Alam, Bamidele Adebisi, Atif Azad, Ali Raza Ansari, Raheel Nawaz
2021 Sensors  
The results indicate that combinatorial auctions are an excellent choice for load shedding management where a maximum of 50 users participate.  ...  Using the properties of combinatorial auctions, the participants can bid in packages or combinations in order to maximize their and overall social welfare of the system.  ...  In this paper, we propose an auction mechanism whereby the users can bid for energy curtailment.  ... 
doi:10.3390/s21061935 pmid:33801835 fatcat:4xb7ztz5ozax7icossnm5knvfm

Iterative Auction for P2P Renewable Energy Trading with Dynamic Energy Storage Management

Chen Zhang, Yong Wang, Tao Yang
2020 Energies  
An iterative auction algorithm is presented to obtain the market equilibrium and optimal energy allocation schedule.  ...  In this paper, a peer-to-peer (P2P) renewable energy trading mechanism for microgrids when energy suppliers are equipped with storage devices is studied.  ...  A double auction mechanism for energy trading in microgrids between buying and selling agents was studied in [19] .  ... 
doi:10.3390/en13184963 doaj:78874876bde24ba984eceb8272647ae0 fatcat:wraqj4irw5cdvie5qltyg2egzq

Energy Transaction for Multi-Microgrids and Internal Microgrid Based on Blockchain

Zhuoli Zhao, Juntao Guo, Xi Luo, Jizhong Xue, Chun Sing Lai, Zhirong Xu, Loi Lei Lai
2020 IEEE Access  
The continuous double auction mechanism is used in the trading market to guarantee free and fair transactions among nodes.  ...  A double-layer framework of energy transactions based on blockchain in multi-microgrids is proposed to provide decentralized trading, information transparency and mutual trust system of each node in the  ...  And an iterative double auction mechanism was proposed to maximize social welfare.  ... 
doi:10.1109/access.2020.3014520 fatcat:e7kh6jrjwbdlvl756fhv5vy4wq

Energy Trading between microgrids Individual Cost Minimization and Social Welfare Maximization [article]

Zhenyu Qiao, Bo Yang, Qimin Xu, Fei Xiong, Cailian Chen, Xinping Guan, Bei Chen
2017 arXiv   pre-print
In addition, due to MG participating energy trading as prosumer, it calls for an efficient trading mechanism. Therefore, this paper focuses on the problem of MG energy management and trading.  ...  Secondly the double-auction based mechanism is provided to attract MG truthful bidding for buying and selling energy.  ...  In [1] , cooperation allows MG to borrow energy from other MGs which have extra energy. Iterative double auction is introduced into trading in [4] and [5] .  ... 
arXiv:1702.02748v2 fatcat:alxpeifk3vfbbiqznqfaf7maqi

Double-Sided Energy Auction Equilibrium Under Price Anticipation [article]

M. Nazif Faqiry, Sanjoy Das
2016 arXiv   pre-print
A modified auction to mitigate the resulting loss in efficiency due to such behavior is suggested.  ...  This paper investigates the problem of proportionally fair double sided energy auction involving buying and selling agents. The grid is assumed to be operating under islanded mode.  ...  Efficient auctions have begun to gain research attention in the present context energy trade.  ... 
arXiv:1605.06564v1 fatcat:tcd2zp3ilfgd7ldc3p2nfqkyd4

Trading solar energy within the neighborhood: field implementation of a blockchain-based electricity market

Anselma Wörner, Arne Meeuw, Liliane Ableitner, Felix Wortmann, Sandro Schopfer, Verena Tiefenbeck
2019 Energy Informatics  
market in walenstadt, switzerland. arXiv preprint. arXiv:1905.07242. http://export. arxiv.org/pdf/1905.07242 Aitzhan NZ, Svetinovic D (2018) Security and privacy in decentralized energy trading through  ...  The findings provide valuable guidelines for the integration of DER into future sustainable energy markets. which permits unrestricted use, distribution, and reproduction in any medium, provided you give  ...  ) Kang et al. (2017) P2P trading of renewable energy for plug-in hybrid electric vehicles (PHEVs) Auction mecha- nism: iterative double auction Proof of concept (simulation of auction, blockchain  ... 
doi:10.1186/s42162-019-0092-0 fatcat:dqsby7l2kzbpxf4mkxvo5qobvu

Randomized auction design for electricity markets between grids and microgrids

Linquan Zhang, Zongpeng Li, Chuan Wu
2014 The 2014 ACM international conference on Measurement and modeling of computer systems - SIGMETRICS '14  
Both power markets with grid-to-microgrid and microgrid-to-grid energy sales are studied, with an auction designed for each, under the same randomized power auction framework.  ...  The end result includes randomized power auctions that are (approximately) truthful and computationally efficient, and achieve small approximation ratios for grid-wide social welfare under UCP constraints  ...  ACKNOWLEDGEMENTS The authors would like to thank Minghua Chen for helping motivate the problem studied, and the anonymous referees and our shepherd, Adam Wierman, for their constructive comments that helped  ... 
doi:10.1145/2591971.2591999 dblp:conf/sigmetrics/ZhangLW14 fatcat:ppek52f3mfbh3ehsbmtngclgb4

Randomized auction design for electricity markets between grids and microgrids

Linquan Zhang, Zongpeng Li, Chuan Wu
2014 Performance Evaluation Review  
Both power markets with grid-to-microgrid and microgrid-to-grid energy sales are studied, with an auction designed for each, under the same randomized power auction framework.  ...  The end result includes randomized power auctions that are (approximately) truthful and computationally efficient, and achieve small approximation ratios for grid-wide social welfare under UCP constraints  ...  ACKNOWLEDGEMENTS The authors would like to thank Minghua Chen for helping motivate the problem studied, and the anonymous referees and our shepherd, Adam Wierman, for their constructive comments that helped  ... 
doi:10.1145/2637364.2591999 fatcat:45xuvw6ntfa6hnmrhu2il7gqhq

A Market Mechanism for Energy Allocation in Micro-CHP Grids

Carsten Block, Dirk Neumann, Christof Weinhardt
2008 Proceedings of the 41st Annual Hawaii International Conference on System Sciences (HICSS 2008)  
Furthermore we introduce an emergency fail over procedure that keeps the micro energy grid stable even in cases where the auction mechanism fails.  ...  More precisely we propose a combinatorial double auction mechanism for the allocation and pricing of energy resources that especially takes the specific requirements of energy producers and consumers into  ...  Acknowledgement This work was supported in part by the German Federal Ministry of Education and Research (SESAM -Selforganization and Spontaneity in Liberalized and harmonized Markets, Grant 01-AK-703)  ... 
doi:10.1109/hicss.2008.27 dblp:conf/hicss/BlockNW08 fatcat:iw23qvhaknfxpefz5cvv34u6pm

Design of Coordination Mechanisms for Price Anticipatory Transactive Microgrids

Nahida Akter, Md Apel Mahmud, Md Enamul Haque, Aman Oo
2020 IET Generation, Transmission & Distribution  
A double-auction mechanism is used for energy trading among different microgrids where energy shortage and excess information from each microgrid are coordinated.  ...  The mechanisms are designed by considering the neighbourhood energy transactions among different consumers in a residential microgrid as well as energy trading among several microgrids within an area.  ...  An auction-based transactive approach for inter-microgrid energy trading In this section, an auction-based energy trading mechanism is presented to manage the energy imbalance in the inter-microgrid TOEM  ... 
doi:10.1049/iet-gtd.2019.0953 fatcat:gnyfw5ol5rdffkxyc2du4birje

Double-Sided Energy Auction in Microgrid: Equilibrium Under Price Anticipation

M. Nazif Faqiry, Sanjoy Das
2016 IEEE Access  
A modified auction to mitigate the resulting loss in efficiency due to such behavior is suggested.  ...  This paper investigates the problem of proportionally fair double-sided energy auction involving buying and selling agents. The grid is assumed to be operating under islanded mode.  ...  INDEX TERMS Energy grid, microgrid, aggregator, agents, trading, auction, bid, social welfare. Sum of bids of all the buyers.  ... 
doi:10.1109/access.2016.2591912 fatcat:axp2wgrv5ff2zc2uqqb6nx6lma

Single-unit and multi-unit auction framework for peer-to-peer transactions

Daniel Teixeira, Luís Gomes, Zita Vale
2021 International Journal of Electrical Power & Energy Systems  
trading efficiency and monetary profits.  ...  Several studies proposed the application of peer-to-peer models for energy communities, microgrids, and aggregators to decrease energy costs for end-users and to promote the balance between consumption  ...  Fig. 1 and Fig. 2 refer to energy consumption, generation, and the amount of energy available for trading in the microgrid for the two considered case studies.  ... 
doi:10.1016/j.ijepes.2021.107235 fatcat:e67pfm4bwrcaljv4tyyf7a2d2u
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