A general framework for decentralized trading in electricity markets

Emmanouil Loukarakis, Janusz W. Bialek, Chris J. Dent

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

4 Citations (Scopus)

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 languageEnglish
Title of host publicationProceedings of IREP Symposium
Subtitle of host publicationBulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013
DOIs
Publication statusPublished - 2013
Externally publishedYes
Event2013 IREP Symposium on Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013 - Rethymno, Greece
Duration: 25 Aug 201330 Aug 2013

Publication series

NameProceedings of IREP Symposium: Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013

Conference

Conference2013 IREP Symposium on Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid, IREP 2013
Country/TerritoryGreece
CityRethymno
Period25/08/1330/08/13

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