We consider the economic dispatch problem for a day-ahead, peer-to-peer (P2P) electricity market of prosumers (i.e., energy consumers who can also produce electricity) in a distribution network. In our model, each prosumer has the capability of producing power through its dispatchable or non-dispatchable generation units and/or has a storage energy unit. Furthermore, we consider a hybrid main grid & P2P market in which each prosumer can trade power both with the main grid and with (some of) the other prosumers. First, we cast the economic dispatch problem as a noncooperative game with coupling constraints. Then, we design a fully-scalable algorithm to steer the system to a generalized Nash equilibrium (GNE). Finally, we show through numerical studies that the proposed methodology has the potential to ensure safe and efficient operation of the power grid.
|Title of host publication||Proceedings of the European Control Conference 2020, ECC 2020|
|Place of Publication||Piscataway, NJ, USA|
|Publication status||Published - May 2020|
|Event||18th European Control Conference, ECC 2020 - Saint Petersburg, Russian Federation|
Duration: 12 May 2020 → 15 May 2020
|Conference||18th European Control Conference, ECC 2020|
|Period||12/05/20 → 15/05/20|