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Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid

Author

Listed:
  • Tadahiro Taniguchi

    (College of Information Science and Engineering, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, Japan)

  • Tomohiro Takata

    (Research Organization of Science and Technology, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, Japan)

  • Yoshiro Fukui

    (College of Information Science and Engineering, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, Japan)

  • Koki Kawasaki

    (Graduate School of Information Science and Engineering, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, Japan)

Abstract

In this paper, we propose a novel automated double auction mechanism called convergent linear function submission-based double-auction (CLFS-DA) for a prosumers’ decentralized smart grid. The target decentralized smart grid is a regional electricity network that consists of many prosumers that have a battery and a renewable energy-based generator, such as photovoltaic cells. In the proposed double-auction mechanism, each intelligent software agent representing each prosumer submits linear demand and supply functions to an automated regional electricity market where they are registered. It is proven that the CLFS-DA mechanism is guaranteed to obtain one of the global optimal price profiles in addition to it achieving an exact balance between demand and supply, even through the learning period. The proof of convergence is provided on the basis of the theory of LFS-DA, which gives a clear bridge between a function submission-based double auction and a dual decomposition (DD)-based real-time pricing procedure. The performance of the proposed mechanism is demonstrated numerically through a simulation experiment.

Suggested Citation

  • Tadahiro Taniguchi & Tomohiro Takata & Yoshiro Fukui & Koki Kawasaki, 2015. "Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid," Energies, MDPI, vol. 8(11), pages 1-20, October.
    • Handle: RePEc:gam:jeners:v:8:y:2015:i:11:p:12315-12361:d:58070
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    References listed on IDEAS

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    1. Tadahiro Taniguchi & Koki Kawasaki & Yoshiro Fukui & Tomohiro Takata & Shiro Yano, 2015. "Automated Linear Function Submission-Based Double Auction as Bottom-up Real-Time Pricing in a Regional Prosumers’ Electricity Network," Energies, MDPI, vol. 8(7), pages 1-26, July.
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    Cited by:

    1. Ang Sha & Marco Aiello, 2016. "A Novel Strategy for Optimising Decentralised Energy Exchange for Prosumers," Energies, MDPI, vol. 9(7), pages 1-22, July.
    2. Perica Ilak & Lin Herenčić & Ivan Rajšl & Sara Raos & Željko Tomšić, 2021. "Equilibrium Pricing with Duality-Based Method: Approach for Market-Oriented Capacity Remuneration Mechanism," Energies, MDPI, vol. 14(3), pages 1-19, January.

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