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Design of a combinatorial double auction for local energy markets

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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.
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Dates and versions

hal-02520216 , version 1 (26-03-2020)
hal-02520216 , version 2 (30-06-2020)

Identifiers

  • HAL Id : hal-02520216 , version 2

Cite

Diego Kiedanski, Daniel Kofman, Ariel Orda. Design of a combinatorial double auction for local energy markets. International Conference on NETwork Games, Control and Optimisation, Mar 2020, Corsica, France. ⟨hal-02520216v2⟩
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