A Linear Bidding Algorithm for Single Seller Single Buyer Energy Trading Model in Grid-tied Microgrid

Manjunatha, H.; Purushothama, G K; Deshpande, Raghavendraprasad

doi:10.1109/iceeccot52851.2021.9716845

Cited by 4 publications

(7 citation statements)

References 10 publications

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“…In India, power trading is done through direct bilateral trading, trading with intermediaries, and power exchanges through structured auctions [14]. Additionally, based on different bidding models, electricity markets can be classified into Single Sided Bidding electricity markets [15] and Double-Sided Bidding electricity markets [16,17].…”

Section: A Motivation and Backgroundmentioning

confidence: 99%

“…It is also observed that in the existing bilateral contract energy trading models, the market cleared price is not based on the real-time supply-demand mismatch factor of the stakeholders. Considering this one as a challenge, the author Manjunatha H.M. et al, in their previous work [15], introduced a single seller, single buyer (SSSB) energy trading model where the market is conceived as two groups: a local market and a global market. A novel linear bidding algorithm (LBA) is used to decide the ask quotes for sellers in a singlesided bidding electricity market based on the generation capacity of the seller.…”

Section: A Motivation and Backgroundmentioning

confidence: 99%

“…The existing bilateral contractual trading model (SPV powered MCE grid-tied MG) has been modified to an SSAM energy trading model. In this study, where the seller's offer (Ask) price is established by the LBA [15] based on the variation in power generation and proposed FLBA based on the variation in power generation and the supply-demand mismatch factor in the MG. The Market Clearing Prices in this SSAM trading model are based on the variation in supplydemand mismatch factor of MG, instead of the fixed bilateral contractual prices.…”

Section: Contributions and Organizationmentioning

confidence: 99%

“…LBA is based on a linear supply/demand function model. A more details of LBA can be found in [4] and [15]. In a grid-tied MG environment, the LBA will determine SPV asking prices.…”

Section: B Linear Bidding Algorithmmentioning

confidence: 99%

See 3 more Smart Citations

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

Manjunatha,

Purushothama,

Nanjappa

et al. 2024

IEEE Access

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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 trade model, energy transactions are either long-term, medium-term, or short-term agreements or bilateral negotiations between the stakeholders based on physical limits. Whereas in an auction-based mechanism, the energy transaction is in real time based on bidding strategies and supply-demand mismatches among the stakeholders. This work proposes a single-sided auction mechanism (SSAM) to clear the market based on the asking price of the seller and the supply-demand mismatch of the microgrid. In addition, the new two bidding algorithms, namely the linear bidding algorithm (LBA) and the fuzzy logic-based bidding algorithm (FLBA), are developed for sellers to select the 'ask' quotes. The proposed auction-based, single-sided bidding energy transaction mechanism is tested and validated in the existing Malnad College of Engineering (MCE) gridtied MG (bilateral contractual) trading model, Hassan-573201, Karnataka, India. The energy market simulation results yield promising findings, highlighting the advancement of proposed SSAM and bidding strategies in boosting the profit margin of sellers.

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Section: A Motivation and Backgroundmentioning

confidence: 99%

Section: A Motivation and Backgroundmentioning

confidence: 99%

Section: Contributions and Organizationmentioning

confidence: 99%

“…LBA is based on a linear supply/demand function model. A more details of LBA can be found in [4] and [15]. In a grid-tied MG environment, the LBA will determine SPV asking prices.…”

Section: B Linear Bidding Algorithmmentioning

confidence: 99%

See 2 more Smart Citations

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

Manjunatha,

Purushothama,

Nanjappa

et al. 2024

IEEE Access

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“…The incorporation of Renewable Energy Sources (RES) into DC microgrids represents a paradigm shift in the distribution of sustainable energy. Adding solar, wind, and other renewable energy sources to DC microgrids, in particular, demonstrates a dedication to utilizing clean energy and minimizing reliance on traditional power networks [9][10][11][12].…”

Section: Dg Technologiesmentioning

confidence: 99%

A comprehensive investigation of DG integration with DC microgrid

Sowmya Anand,

L Sanjeev Kumar,

Shri Harsha J

et al. 2024

World J. Adv. Res. Rev.

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This comprehensive review critically analyses the complex correlation between DC microgrids and the incorporation of Distributed Generation (DG). It offers a full evaluation of fundamental principles, advanced control strategies, technology advancements, and practical implementations in real-world scenarios. This research examines the ability of Direct Current (DC) microgrids to effectively integrate and optimize various DG sources within the context of a paradigm shift towards decentralized energy solutions. The paper critically examines the obstacles and opportunities associated with renewable energy systems and different DG technologies. It provides essential insights for researchers, engineers, and politicians who are involved in the complex process of integrating distributed energy into existing systems. This review serves as a crucial resource that contributes to the understanding of DG in DC microgrids. It plays a significant role in developing conversations surrounding energy solutions that are both resilient and sustainable. This paper not only discusses the difficulties related to the integration of DG, but also emphasizes practical examples that demonstrate the flexibility and effectiveness of DC microgrid designs. This study serves as a crucial resource for stakeholders who aim to use the potential of DC microgrids, since it encompasses a comprehensive analysis of power electronics, energy storage, and sophisticated control systems. By combining critical evaluation with practical implementation, this review offers valuable insights and guidance in the field. The complete investigation plays a significant role in advancing the integration of DG, which is essential for creating a resilient and sustainable energy environment. It provides basic information that is needed for achieving effective integration. This review paper provides a comprehensive examination of the integration of DG within DC microgrids. From laying the groundwork with fundamental principles to scrutinizing challenges, technological advancements, and practical applications, this review aims to offer a holistic understanding of the dynamic landscape where DC microgrids intersect with distributed energy generation.

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Optimal power allocation for residential network in islanded microgrid using capacity market demand response approach

Prahallada Mayakonda Basavarajappa,

Smitha vishwanath Sajjan,

Manjunatha Hirekeri Malleshappa

2019

World J. Adv. Res. Rev.

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This paper proposes a new demand response algorithm for load shedding and direct load control in smart homes with the goal of lowering peak-to-average ratios and enhancing power balance. The suggested algorithm makes use of two-way communication between distribution agents and smart homes (customers) to provide real-time load control, calculate percentage reductions, and produce distributed load consumption factors. An agent-based residential distribution network with four customers who owned smart appliances was modeled in MATLAB/SIMULINK to validate the technique. The findings show that the residential network is capable of reacting swiftly to supply changes and managing the grid's power balance through distributed load reduction, load shifting, and/or load adjustment, avoiding or limiting load shedding in the event of supply shortages.

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A Linear Bidding Algorithm for Single Seller Single Buyer Energy Trading Model in Grid-tied Microgrid

Cited by 4 publications

References 10 publications

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

A comprehensive investigation of DG integration with DC microgrid

Optimal power allocation for residential network in islanded microgrid using capacity market demand response approach

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