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Design of a Combinatorial Double Auction for Local Energy Markets

Diego Kiedanski, Daniel Kofman, Ariel Orda

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Local energy markets allow neighbours to exchange energy among them. Their traditional implementation using sequential auctions has proven to be inefficient and even counterproductive in some cases. In this paper we propose a combinatorial double auction for the exchange of energy for several time-slots simultaneously. We suppose that participants have a flexible demand; flexibility being obtained, for example, by the usage of a battery. We show the benefits of the approach and we provide an example of how it can improve the utility of all the participants in the market.

Original languageEnglish
Title of host publicationNetwork Games, Control and Optimization - 10th International Conference, NetGCooP 2020, Proceedings
EditorsSamson Lasaulce, Panayotis Mertikopoulos, Ariel Orda
PublisherSpringer Science and Business Media Deutschland GmbH
Pages315-320
Number of pages6
ISBN (Print)9783030874728
DOIs
StatePublished - 2021
Event10th International Conference on Network Games, Control and Optimization, NETGCOOP 2020 - Cargèse, France
Duration: 22 Sep 202124 Sep 2021

Publication series

NameCommunications in Computer and Information Science
Volume1354 CCIS

Conference

Conference10th International Conference on Network Games, Control and Optimization, NETGCOOP 2020
Country/TerritoryFrance
CityCargèse
Period22/09/2124/09/21

Keywords

  • Auction
  • Local energy markets
  • Smart grids

All Science Journal Classification (ASJC) codes

  • General Computer Science
  • General Mathematics

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