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Article

Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid

1
College of Information Science and Engineering, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, Japan
2
Research Organization of Science and Technology, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, Japan
3
Graduate School of Information Science and Engineering, Ritsumeikan University, 1-1-1 Noji Higashi, Kusatsu, Shiga 525-8577, Japan
*
Author to whom correspondence should be addressed.
Academic Editor: G.J.M. (Gerard) Smit
Energies 2015, 8(11), 12342-12361; https://doi.org/10.3390/en81112315
Received: 2 August 2015 / Revised: 29 September 2015 / Accepted: 19 October 2015 / Published: 30 October 2015
(This article belongs to the Special Issue Decentralized Management of Energy Streams in Smart Grids)
In this paper, we propose a novel automated double auction mechanism called convergent linear function submission-based double-auction (CLFS-DA) for a prosumers’ decentralized smart grid. The target decentralized smart grid is a regional electricity network that consists of many prosumers that have a battery and a renewable energy-based generator, such as photovoltaic cells. In the proposed double-auction mechanism, each intelligent software agent representing each prosumer submits linear demand and supply functions to an automated regional electricity market where they are registered. It is proven that the CLFS-DA mechanism is guaranteed to obtain one of the global optimal price profiles in addition to it achieving an exact balance between demand and supply, even through the learning period. The proof of convergence is provided on the basis of the theory of LFS-DA, which gives a clear bridge between a function submission-based double auction and a dual decomposition (DD)-based real-time pricing procedure. The performance of the proposed mechanism is demonstrated numerically through a simulation experiment. View Full-Text
Keywords: distributed algorithm; double auction; dual decomposition (DD); Lagrangian relaxation; multi-agent system distributed algorithm; double auction; dual decomposition (DD); Lagrangian relaxation; multi-agent system
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MDPI and ACS Style

Taniguchi, T.; Takata, T.; Fukui, Y.; Kawasaki, K. Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid. Energies 2015, 8, 12342-12361. https://doi.org/10.3390/en81112315

AMA Style

Taniguchi T, Takata T, Fukui Y, Kawasaki K. Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid. Energies. 2015; 8(11):12342-12361. https://doi.org/10.3390/en81112315

Chicago/Turabian Style

Taniguchi, Tadahiro, Tomohiro Takata, Yoshiro Fukui, and Koki Kawasaki. 2015. "Convergent Double Auction Mechanism for a Prosumers’ Decentralized Smart Grid" Energies 8, no. 11: 12342-12361. https://doi.org/10.3390/en81112315

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