Prosumer markets: A unified formulation

T. Baroche, Fabio Moret, P. Pinson

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

The increasing share of more proactive actors in the electricity market supports the proposal of novel schemes to accommodate a more decentralized paradigm to power system and electricity market operation. The resulting prosumer markets may be identified as belonging to various classes such as prosumer grid integration, peer-to-peer models and prosumer community groups. We show here that they all can be modelled within a unified peer-to-peer market model but with different communication structures. Consequently, we profit of this unified formulation to compare these structures in terms of efficiency and convergence speed, as well as by generally looking at the effect of sparsification of those communication structures on market outcomes and convergence speed. The open-source simulation platform developed for that purpose may be readily used by others to study and analyze prosumer markets.
Original languageEnglish
Title of host publicationProceedings of 2019 IEEE Milan PowerTech
Number of pages6
PublisherIEEE
Publication date2019
Article number8810474
ISBN (Print)9781538647226
DOIs
Publication statusPublished - 2019
Event2019 IEEE Milan PowerTech, PowerTech 2019 - Milan, Italy
Duration: 23 Jun 201927 Jun 2019

Conference

Conference2019 IEEE Milan PowerTech, PowerTech 2019
CountryItaly
CityMilan
Period23/06/201927/06/2019
Series2019 Ieee Milan Powertech, Powertech 2019

Keywords

  • Electricity markets
  • Economic dispatch
  • Prosumer markets
  • Decentralized optimization

Cite this

Baroche, T., Moret, F., & Pinson, P. (2019). Prosumer markets: A unified formulation. In Proceedings of 2019 IEEE Milan PowerTech [8810474] IEEE. 2019 Ieee Milan Powertech, Powertech 2019 https://doi.org/10.1109/PTC.2019.8810474
Baroche, T. ; Moret, Fabio ; Pinson, P. / Prosumer markets: A unified formulation. Proceedings of 2019 IEEE Milan PowerTech. IEEE, 2019. (2019 Ieee Milan Powertech, Powertech 2019).
@inproceedings{b723ac1e168746ff95722fa72f5a3168,
title = "Prosumer markets: A unified formulation",
abstract = "The increasing share of more proactive actors in the electricity market supports the proposal of novel schemes to accommodate a more decentralized paradigm to power system and electricity market operation. The resulting prosumer markets may be identified as belonging to various classes such as prosumer grid integration, peer-to-peer models and prosumer community groups. We show here that they all can be modelled within a unified peer-to-peer market model but with different communication structures. Consequently, we profit of this unified formulation to compare these structures in terms of efficiency and convergence speed, as well as by generally looking at the effect of sparsification of those communication structures on market outcomes and convergence speed. The open-source simulation platform developed for that purpose may be readily used by others to study and analyze prosumer markets.",
keywords = "Electricity markets, Economic dispatch, Prosumer markets, Decentralized optimization",
author = "T. Baroche and Fabio Moret and P. Pinson",
year = "2019",
doi = "10.1109/PTC.2019.8810474",
language = "English",
isbn = "9781538647226",
booktitle = "Proceedings of 2019 IEEE Milan PowerTech",
publisher = "IEEE",
address = "United States",

}

Baroche, T, Moret, F & Pinson, P 2019, Prosumer markets: A unified formulation. in Proceedings of 2019 IEEE Milan PowerTech., 8810474, IEEE, 2019 Ieee Milan Powertech, Powertech 2019, 2019 IEEE Milan PowerTech, PowerTech 2019, Milan, Italy, 23/06/2019. https://doi.org/10.1109/PTC.2019.8810474

Prosumer markets: A unified formulation. / Baroche, T.; Moret, Fabio; Pinson, P.

Proceedings of 2019 IEEE Milan PowerTech. IEEE, 2019. 8810474 (2019 Ieee Milan Powertech, Powertech 2019).

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

TY - GEN

T1 - Prosumer markets: A unified formulation

AU - Baroche, T.

AU - Moret, Fabio

AU - Pinson, P.

PY - 2019

Y1 - 2019

N2 - The increasing share of more proactive actors in the electricity market supports the proposal of novel schemes to accommodate a more decentralized paradigm to power system and electricity market operation. The resulting prosumer markets may be identified as belonging to various classes such as prosumer grid integration, peer-to-peer models and prosumer community groups. We show here that they all can be modelled within a unified peer-to-peer market model but with different communication structures. Consequently, we profit of this unified formulation to compare these structures in terms of efficiency and convergence speed, as well as by generally looking at the effect of sparsification of those communication structures on market outcomes and convergence speed. The open-source simulation platform developed for that purpose may be readily used by others to study and analyze prosumer markets.

AB - The increasing share of more proactive actors in the electricity market supports the proposal of novel schemes to accommodate a more decentralized paradigm to power system and electricity market operation. The resulting prosumer markets may be identified as belonging to various classes such as prosumer grid integration, peer-to-peer models and prosumer community groups. We show here that they all can be modelled within a unified peer-to-peer market model but with different communication structures. Consequently, we profit of this unified formulation to compare these structures in terms of efficiency and convergence speed, as well as by generally looking at the effect of sparsification of those communication structures on market outcomes and convergence speed. The open-source simulation platform developed for that purpose may be readily used by others to study and analyze prosumer markets.

KW - Electricity markets

KW - Economic dispatch

KW - Prosumer markets

KW - Decentralized optimization

U2 - 10.1109/PTC.2019.8810474

DO - 10.1109/PTC.2019.8810474

M3 - Article in proceedings

SN - 9781538647226

BT - Proceedings of 2019 IEEE Milan PowerTech

PB - IEEE

ER -

Baroche T, Moret F, Pinson P. Prosumer markets: A unified formulation. In Proceedings of 2019 IEEE Milan PowerTech. IEEE. 2019. 8810474. (2019 Ieee Milan Powertech, Powertech 2019). https://doi.org/10.1109/PTC.2019.8810474