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Designing a marketplace for the trading and distribution of energy in the smart grid

AuthorsCerquides, Jesús ; Picard, Gauthier; Rodríguez-Aguilar, Juan Antonio
KeywordsEnergy market
Smart grid
Autonomous agents
Issue Date2015
PublisherInternational Foundation for Autonomous Agents and Multiagent Systems
CitationProceedings of the International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS Vol. 2, 2015, pp. 1285-1293
AbstractDecentralized energy production is meant to reduce generation and distribution inefficiencies, leading to major economic and environmental benefits. This new model is meant to be supported by smart grids, electricity networks that can intelligently integrate the actions of all users connected to mem-generators, consumers, and prosumers (those that do both)- to efficiently deliver sustainable, economic and secure electricity supplies. A major research challenge is the design of markets for prosumers in smart grids that consider distribution grid constraints. This paper introduces a novel market that allows prosumers to trade electricity while satisfying the constraints of the grid. Our market's allocation rule is implemented by means of the so-called RadPro, an efficient dynamic programming algorithm that assesses in polynomial time how much energy each prosumer trades as well as how energy must be distributed throughout the grid. Our empirical results show that Rad-Pro significantly outperforms both CPLEX and Gurobi in solving time when computing the optimal allocation over acyclic networks. Furthermore, the message-passing nature of RadPro offers the possibility of running our market in a decentralized (peer-topeer) manner. Copyright © 2015, International Foundation for Autonomous Agents and Multiagent Systems (www.ifaamas.org). All rights reserved.
Appears in Collections:(IIIA) Comunicaciones congresos
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