A general framework for decentralized trading in electricity markets

E Loukarakis, J Bialek, C Dent

Research output: Chapter in Book/Report/Conference proceedingConference contribution


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 languageEnglish
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 pages1
ISBN (Electronic)978-1-4799-0200-2
Publication statusPublished - 2013


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