Game theoretic Bidding Approach for Peer-to-Peer Trading

Arushi Relan, Vishu Gupta, Rajesh Kumar, M. A. Mahmud

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

Abstract

Lowering carbon emissions requires renewable energy penetration, but due to space, environmental constraints and unnecessary transmission cost, distributed generation is introduced. To promote small scale distributed energy sources, peer-to-peer trading is proposed. A system to settle the local energy market is required with fair/unbiased opportunity for all the consumers interested in buying/ selling of surplus power. Such consumers, or prosumers, are primarily interested in reducing their own electricity bill. This work presents a transactive energy solution with multi-level bidding approach in a non-cooperative game to obtain Nash equilibrium, which is visually proven correct.

Original languageEnglish
Title of host publicationProceedings of 2020 IEEE International Women in Engineering (WIE) Conference on Electrical and Computer Engineering, WIECON-ECE 2020
Place of PublicationPiscataway, NJ
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages368-371
Number of pages4
ISBN (Electronic)9781665419178
ISBN (Print)9781665430272
DOIs
Publication statusPublished - 26 Dec 2020
Externally publishedYes
Event6th IEEE International Women in Engineering, Conference on Electrical and Computer Engineering, WIECON-ECE 2020 - Virtual, Bhubaneswar, India
Duration: 26 Dec 202027 Dec 2020

Publication series

NameProceedings of 2020 IEEE International Women in Engineering (WIE) Conference on Electrical and Computer Engineering, WIECON-ECE 2020

Conference

Conference6th IEEE International Women in Engineering, Conference on Electrical and Computer Engineering, WIECON-ECE 2020
Country/TerritoryIndia
CityVirtual, Bhubaneswar
Period26/12/2027/12/20

Fingerprint

Dive into the research topics of 'Game theoretic Bidding Approach for Peer-to-Peer Trading'. Together they form a unique fingerprint.

Cite this