A Combinatorial Double Auction for Community Shared Distributed Energy Resources
<p dir="ltr">The integration of distributed energy resources (DERs), such as renewable energy (RE) and energy storage systems, can have many environmental and economic benefits. The sharing of medium-scale DERs can enhance these benefits by ensuring efficient resource utilisation and...
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2023
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| _version_ | 1864513527570497536 |
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| author | Khaled Abedrabboh (10063125) |
| author2 | Anas Karaki (17947808) Luluwah Al-Fagih (10063137) |
| author2_role | author author |
| author_facet | Khaled Abedrabboh (10063125) Anas Karaki (17947808) Luluwah Al-Fagih (10063137) |
| author_role | author |
| dc.creator.none.fl_str_mv | Khaled Abedrabboh (10063125) Anas Karaki (17947808) Luluwah Al-Fagih (10063137) |
| dc.date.none.fl_str_mv | 2023-03-21T03:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1109/access.2023.3260022 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/A_Combinatorial_Double_Auction_for_Community_Shared_Distributed_Energy_Resources/25204211 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Engineering Electrical engineering Electronics, sensors and digital hardware Materials engineering Distributed power generation Resource management Optimization Costs Schedules Energy resources Vehicle-to-grid Distributed energy resources sharing economy local energy markets mechanism design combinatorial double auction charging station |
| dc.title.none.fl_str_mv | A Combinatorial Double Auction for Community Shared Distributed Energy Resources |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">The integration of distributed energy resources (DERs), such as renewable energy (RE) and energy storage systems, can have many environmental and economic benefits. The sharing of medium-scale DERs can enhance these benefits by ensuring efficient resource utilisation and can promote sharing economy and economies of scale opportunities. In this paper, we design a combinatorial double auction (CDA) for DER sharing between multiple DER providers and a community of consumers. The proposed DER market addresses the complementarity of DER services and supports the environmentally sustainable behaviour of consumers. The purpose of the proposed auction is to allocate the limited DER resources efficiently without compromising the privacy or the comfort of consumers. First, the combinatorial bidding rules are designed and the social welfare optimisation problem is formulated. Then, utility maximising strategies for consumers with both economic and environmental objectives are proposed. Additionally, three types of DER providers are introduced, and their revenue maximising strategies are investigated. A case study with real world RE generation and demand data from the UK is presented. Simulation results show that the proposed CDA can greatly reduce energy emissions (by 24%) while also enhancing the revenues of DER providers, with gains up to 82%, when compared with the case where DER energy is sold through a k -double auction.</p><h2>Other Information</h2><p dir="ltr">Published in: IEEE Access<br>License: <a href="http://creativecommons.org/licenses/by/4.0" target="_blank">http://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1109/access.2023.3260022" target="_blank">https://dx.doi.org/10.1109/access.2023.3260022</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_662ad33f84c8ae3b1c35270c0bd785b8 |
| identifier_str_mv | 10.1109/access.2023.3260022 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/25204211 |
| publishDate | 2023 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | A Combinatorial Double Auction for Community Shared Distributed Energy ResourcesKhaled Abedrabboh (10063125)Anas Karaki (17947808)Luluwah Al-Fagih (10063137)EngineeringElectrical engineeringElectronics, sensors and digital hardwareMaterials engineeringDistributed power generationResource managementOptimizationCostsSchedulesEnergy resourcesVehicle-to-gridDistributed energy resourcessharing economylocal energy marketsmechanism designcombinatorial double auctioncharging station<p dir="ltr">The integration of distributed energy resources (DERs), such as renewable energy (RE) and energy storage systems, can have many environmental and economic benefits. The sharing of medium-scale DERs can enhance these benefits by ensuring efficient resource utilisation and can promote sharing economy and economies of scale opportunities. In this paper, we design a combinatorial double auction (CDA) for DER sharing between multiple DER providers and a community of consumers. The proposed DER market addresses the complementarity of DER services and supports the environmentally sustainable behaviour of consumers. The purpose of the proposed auction is to allocate the limited DER resources efficiently without compromising the privacy or the comfort of consumers. First, the combinatorial bidding rules are designed and the social welfare optimisation problem is formulated. Then, utility maximising strategies for consumers with both economic and environmental objectives are proposed. Additionally, three types of DER providers are introduced, and their revenue maximising strategies are investigated. A case study with real world RE generation and demand data from the UK is presented. Simulation results show that the proposed CDA can greatly reduce energy emissions (by 24%) while also enhancing the revenues of DER providers, with gains up to 82%, when compared with the case where DER energy is sold through a k -double auction.</p><h2>Other Information</h2><p dir="ltr">Published in: IEEE Access<br>License: <a href="http://creativecommons.org/licenses/by/4.0" target="_blank">http://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1109/access.2023.3260022" target="_blank">https://dx.doi.org/10.1109/access.2023.3260022</a></p>2023-03-21T03:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1109/access.2023.3260022https://figshare.com/articles/journal_contribution/A_Combinatorial_Double_Auction_for_Community_Shared_Distributed_Energy_Resources/25204211CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/252042112023-03-21T03:00:00Z |
| spellingShingle | A Combinatorial Double Auction for Community Shared Distributed Energy Resources Khaled Abedrabboh (10063125) Engineering Electrical engineering Electronics, sensors and digital hardware Materials engineering Distributed power generation Resource management Optimization Costs Schedules Energy resources Vehicle-to-grid Distributed energy resources sharing economy local energy markets mechanism design combinatorial double auction charging station |
| status_str | publishedVersion |
| title | A Combinatorial Double Auction for Community Shared Distributed Energy Resources |
| title_full | A Combinatorial Double Auction for Community Shared Distributed Energy Resources |
| title_fullStr | A Combinatorial Double Auction for Community Shared Distributed Energy Resources |
| title_full_unstemmed | A Combinatorial Double Auction for Community Shared Distributed Energy Resources |
| title_short | A Combinatorial Double Auction for Community Shared Distributed Energy Resources |
| title_sort | A Combinatorial Double Auction for Community Shared Distributed Energy Resources |
| topic | Engineering Electrical engineering Electronics, sensors and digital hardware Materials engineering Distributed power generation Resource management Optimization Costs Schedules Energy resources Vehicle-to-grid Distributed energy resources sharing economy local energy markets mechanism design combinatorial double auction charging station |