Auction-Based Single-Sided Bidding Electricity Market: An Alternative to the Bilateral Contractual Energy Trading Model in a Grid-Tied Microgrid

Auction-Based Single-Sided Bidding Electricity Market: An Alternative to the Bilateral Contractual Energy Trading Model in a Grid-Tied Microgrid

An auction-based single-sided bidding energy transaction mechanism in a grid-connected microgrid (MG) using a multi-agent system allows for better profit sharing for all stakeholders. This can replace existing bilateral contractual trade between the stakeholders. In the bilateral contractual energy...

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Bibliographic Details
Main Authors: Hirekeri Malleshappa Manjunatha, Garighatta Krishnaiah Purushothama, Yashwanth Nanjappa, Raghavendraprasad Deshpande
Format: Article
Language:English
Published: IEEE 2024-01-01
Series:IEEE Access
Subjects:
Microgrid
multi-agent system
bidding strategies
energy trading
Online Access:https://ieeexplore.ieee.org/document/10487918/

Internet

https://ieeexplore.ieee.org/document/10487918/

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