Prosumer markets: A unified formulation

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedings – Annual report year: 2019Researchpeer-review


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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
Publication date2019
Article number8810474
ISBN (Print)9781538647226
Publication statusPublished - 2019
Event2019 IEEE Milan PowerTech, PowerTech 2019 - Milan, Italy
Duration: 23 Jun 201927 Jun 2019


Conference2019 IEEE Milan PowerTech, PowerTech 2019
Series2019 Ieee Milan Powertech, Powertech 2019
CitationsWeb of Science® Times Cited: No match on DOI

    Research areas

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

ID: 194897539