Design of a Combinatorial Double Auction for Local Energy Markets

Diego Kiedanski; Daniel Kofman; Ariel Orda

doi:10.1007/978-3-030-87473-5_28

Design of a Combinatorial Double Auction for Local Energy Markets

Diego Kiedanski
, Daniel Kofman
, Ariel Orda

Telecom Paris
Technion - Israel Institute of Technology

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

Abstract

Local energy markets allow neighbours to exchange energy among them. Their traditional implementation using sequential auctions has proven to be inefficient and even counterproductive in some cases. In this paper we propose a combinatorial double auction for the exchange of energy for several time-slots simultaneously. We suppose that participants have a flexible demand; flexibility being obtained, for example, by the usage of a battery. We show the benefits of the approach and we provide an example of how it can improve the utility of all the participants in the market.

Original language	English
Title of host publication	Network Games, Control and Optimization - 10th International Conference, NetGCooP 2020, Proceedings
Editors	Samson Lasaulce, Panayotis Mertikopoulos, Ariel Orda
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	315-320
Number of pages	6
ISBN (Print)	9783030874728
DOIs	https://doi.org/10.1007/978-3-030-87473-5_28
Publication status	Published - 1 Jan 2021
Event	10th International Conference on Network Games, Control and Optimization, NETGCOOP 2020 - Cargèse, France Duration: 22 Sept 2021 → 24 Sept 2021

Publication series

Name	Communications in Computer and Information Science
Volume	1354 CCIS
ISSN (Print)	1865-0929
ISSN (Electronic)	1865-0937

Conference

Conference	10th International Conference on Network Games, Control and Optimization, NETGCOOP 2020
Country/Territory	France
City	Cargèse
Period	22/09/21 → 24/09/21

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Auction
Local energy markets
Smart grids

Access to Document

10.1007/978-3-030-87473-5_28

Cite this

Kiedanski, D., Kofman, D., & Orda, A. (2021). Design of a Combinatorial Double Auction for Local Energy Markets. In S. Lasaulce, P. Mertikopoulos, & A. Orda (Eds.), Network Games, Control and Optimization - 10th International Conference, NetGCooP 2020, Proceedings (pp. 315-320). (Communications in Computer and Information Science; Vol. 1354 CCIS). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-030-87473-5_28

Kiedanski, Diego ; Kofman, Daniel ; Orda, Ariel. / Design of a Combinatorial Double Auction for Local Energy Markets. Network Games, Control and Optimization - 10th International Conference, NetGCooP 2020, Proceedings. editor / Samson Lasaulce ; Panayotis Mertikopoulos ; Ariel Orda. Springer Science and Business Media Deutschland GmbH, 2021. pp. 315-320 (Communications in Computer and Information Science).

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abstract = "Local energy markets allow neighbours to exchange energy among them. Their traditional implementation using sequential auctions has proven to be inefficient and even counterproductive in some cases. In this paper we propose a combinatorial double auction for the exchange of energy for several time-slots simultaneously. We suppose that participants have a flexible demand; flexibility being obtained, for example, by the usage of a battery. We show the benefits of the approach and we provide an example of how it can improve the utility of all the participants in the market.",

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author = "Diego Kiedanski and Daniel Kofman and Ariel Orda",

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Kiedanski, D, Kofman, D & Orda, A 2021, Design of a Combinatorial Double Auction for Local Energy Markets. in S Lasaulce, P Mertikopoulos & A Orda (eds), Network Games, Control and Optimization - 10th International Conference, NetGCooP 2020, Proceedings. Communications in Computer and Information Science, vol. 1354 CCIS, Springer Science and Business Media Deutschland GmbH, pp. 315-320, 10th International Conference on Network Games, Control and Optimization, NETGCOOP 2020, Cargèse, France, 22/09/21. https://doi.org/10.1007/978-3-030-87473-5_28

Design of a Combinatorial Double Auction for Local Energy Markets. / Kiedanski, Diego; Kofman, Daniel; Orda, Ariel.
Network Games, Control and Optimization - 10th International Conference, NetGCooP 2020, Proceedings. ed. / Samson Lasaulce; Panayotis Mertikopoulos; Ariel Orda. Springer Science and Business Media Deutschland GmbH, 2021. p. 315-320 (Communications in Computer and Information Science; Vol. 1354 CCIS).

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

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N2 - Local energy markets allow neighbours to exchange energy among them. Their traditional implementation using sequential auctions has proven to be inefficient and even counterproductive in some cases. In this paper we propose a combinatorial double auction for the exchange of energy for several time-slots simultaneously. We suppose that participants have a flexible demand; flexibility being obtained, for example, by the usage of a battery. We show the benefits of the approach and we provide an example of how it can improve the utility of all the participants in the market.

AB - Local energy markets allow neighbours to exchange energy among them. Their traditional implementation using sequential auctions has proven to be inefficient and even counterproductive in some cases. In this paper we propose a combinatorial double auction for the exchange of energy for several time-slots simultaneously. We suppose that participants have a flexible demand; flexibility being obtained, for example, by the usage of a battery. We show the benefits of the approach and we provide an example of how it can improve the utility of all the participants in the market.

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KW - Smart grids

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Kiedanski D, Kofman D, Orda A. Design of a Combinatorial Double Auction for Local Energy Markets. In Lasaulce S, Mertikopoulos P, Orda A, editors, Network Games, Control and Optimization - 10th International Conference, NetGCooP 2020, Proceedings. Springer Science and Business Media Deutschland GmbH. 2021. p. 315-320. (Communications in Computer and Information Science). doi: 10.1007/978-3-030-87473-5_28

Design of a Combinatorial Double Auction for Local Energy Markets

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

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Cite this