Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid
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...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2015-10-01
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| Series: | Energies |
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| Online Access: | http://www.mdpi.com/1996-1073/8/11/12315 |
| _version_ | 1811306642417909760 |
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| author | Tadahiro Taniguchi Tomohiro Takata Yoshiro Fukui Koki Kawasaki |
| author_facet | Tadahiro Taniguchi Tomohiro Takata Yoshiro Fukui Koki Kawasaki |
| author_sort | Tadahiro Taniguchi |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-13T08:49:08Z |
| format | Article |
| id | doaj.art-afc756e64f074afda9e101514446a329 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-13T08:49:08Z |
| publishDate | 2015-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-afc756e64f074afda9e101514446a3292022-12-22T02:53:33ZengMDPI AGEnergies1996-10732015-10-01811123421236110.3390/en81112315en81112315Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart GridTadahiro Taniguchi0Tomohiro Takata1Yoshiro Fukui2Koki Kawasaki3College of Information Science and Engineering, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, JapanResearch Organization of Science and Technology, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, JapanCollege of Information Science and Engineering, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, JapanGraduate School of Information Science and Engineering, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, JapanIn 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.http://www.mdpi.com/1996-1073/8/11/12315distributed algorithmdouble auctiondual decomposition (DD)Lagrangian relaxationmulti-agent system |
| spellingShingle | Tadahiro Taniguchi Tomohiro Takata Yoshiro Fukui Koki Kawasaki Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid Energies distributed algorithm double auction dual decomposition (DD) Lagrangian relaxation multi-agent system |
| title | Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid |
| title_full | Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid |
| title_fullStr | Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid |
| title_full_unstemmed | Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid |
| title_short | Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid |
| title_sort | convergent double auction mechanism for a prosumers decentralized smart grid |
| topic | distributed algorithm double auction dual decomposition (DD) Lagrangian relaxation multi-agent system |
| url | http://www.mdpi.com/1996-1073/8/11/12315 |
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