A general framework for decentralized trading in electricity markets

E Loukarakis; J Bialek; C Dent

doi:10.1109/IREP.2013.6629386

A general framework for decentralized trading in electricity markets

E Loukarakis, J Bialek, C Dent

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

Nowadays the necessary coordination of trades to clear the energy market, while maintaining network security and adequacy of supply, is carried out centrally by a system operator. This paper examines the idea of an autonomously operating power system where energy trading is conducted in a decentralized manner among market players. A general decentralized solution framework is proposed, the main issues and challenges are discussed, and indicative results are presented to illustrate how the overall concept could work.

Original language	English
Title of host publication	Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid (IREP), 2013 IREP Symposium
Number of pages	1
ISBN (Electronic)	978-1-4799-0200-2
DOIs	https://doi.org/10.1109/IREP.2013.6629386
Publication status	Published - 2013

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10.1109/IREP.2013.6629386

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title = "A general framework for decentralized trading in electricity markets",

abstract = "Nowadays the necessary coordination of trades to clear the energy market, while maintaining network security and adequacy of supply, is carried out centrally by a system operator. This paper examines the idea of an autonomously operating power system where energy trading is conducted in a decentralized manner among market players. A general decentralized solution framework is proposed, the main issues and challenges are discussed, and indicative results are presented to illustrate how the overall concept could work.",

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AU - Bialek, J

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AB - Nowadays the necessary coordination of trades to clear the energy market, while maintaining network security and adequacy of supply, is carried out centrally by a system operator. This paper examines the idea of an autonomously operating power system where energy trading is conducted in a decentralized manner among market players. A general decentralized solution framework is proposed, the main issues and challenges are discussed, and indicative results are presented to illustrate how the overall concept could work.

U2 - 10.1109/IREP.2013.6629386

DO - 10.1109/IREP.2013.6629386

M3 - Conference contribution

SN - 978-1-4799-0199-9

BT - Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid (IREP), 2013 IREP Symposium

ER -

A general framework for decentralized trading in electricity markets

Abstract

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