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Game theoretic Bidding Approach for Peer-to-Peer Trading
conference contribution
posted on 2020-01-01, 00:00 authored by A Relan, V Gupta, R Kumar, Apel MahmudApel MahmudLowering 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.
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Event
Electrical and Computer Engineering. Women in Engineering Conference (2020 : Bhubaneswar, India)Pagination
368 - 371Publisher
IEEELocation
Bhubaneswar, IndiaPlace of publication
Piscataway, N.J.Publisher DOI
Start date
2020-12-26End date
2020-12-27ISBN-13
9780738131443Language
engPublication classification
E1 Full written paper - refereedTitle of proceedings
WIECON-ECE 2020 : Proceedings of 2020 IEEE International Women in Engineering (WIE) Conference on Electrical and Computer EngineeringUsage metrics
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