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Open AccessArticle

Auction Mechanism of Micro-Grid Project Transfer

by Yong Long 1, Yu Wang 1,* and Chengrong Pan 1,2
School of Economics and Business Administration, Chongqing University, Chongqing 400030, China
School of International Business, Sichuan International Studies University, Chongqing 400031, China
Author to whom correspondence should be addressed.
Sustainability 2017, 9(10), 1895;
Received: 12 September 2017 / Revised: 12 October 2017 / Accepted: 19 October 2017 / Published: 20 October 2017
(This article belongs to the Special Issue Smart Grid)
Micro-grid project transfer is the primary issue of micro-grid development. The efficiency and quality of the micro-grid project transfer directly affect the quality of micro-grid project construction and development, which is very important for the sustainable development of micro-grid. This paper constructs a multi-attribute auction model of micro-grid project transfer, which reflects the characteristics of micro-grid system and the interests of stakeholders, calculates the optimal bidding strategy and analyzes the influence of relevant factors on auction equilibrium by multi-stage dynamic game with complete information, and makes a numerical simulation analysis. Results indicate that the optimal strategy of auction mechanism is positively related to power quality, energy storage quality, and carbon emissions. Different from the previous lowest price winning mechanism, the auction mechanism formed in this paper emphasizes that the energy suppliers which provide the comprehensive optimization of power quality, energy storage quality, carbon emissions, and price will win the auction, when both the project owners and energy suppliers maximize their benefits under this auction mechanism. The auction mechanism is effective because it is in line with the principle of individual rationality and incentive compatibility. In addition, the number of energy suppliers participating in the auction and the cost of the previous auction are positively related to the auction equilibrium, both of which are adjusting the equilibrium results of the auction. At the same time, the utilization rate of renewable energy and the comprehensive utilization of energy also have a positive impact on the auction equilibrium. In the end, this paper puts forward a series of policy suggestions about micro-grid project auction. The research in this paper is of great significance to improve the auction quality of micro-grid projects and promote the sustainable development of micro-grid. View Full-Text
Keywords: micro-grid; project resource transfer; multi-attribute reverse auction; project owner; energy supplier micro-grid; project resource transfer; multi-attribute reverse auction; project owner; energy supplier
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Long, Y.; Wang, Y.; Pan, C. Auction Mechanism of Micro-Grid Project Transfer. Sustainability 2017, 9, 1895.

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