Participation of customers in active demand side Participation programs under different pricing schemes

Xu, Han; Kockar, Ivana

doi:10.1109/pesgm.2016.7741715

Cited by 4 publications

(1 citation statement)

References 21 publications

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“…Different parts of the world operate energy trading models depending on the local policies and structures. The Single-Buyer Model, the Bilateral Contracts Model, and the Power Pool Model (Spot market) [11] are the three most common models seen. The Single Buyer Model works by having an entity, typically a trader, purchase power from all generators based on a medium-or long-term agreement, and then resell the power to distribution companies or large consumers [12].…”

Section: A Motivation and Backgroundmentioning

confidence: 99%

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%