Documents

  • 08905714

    Final published version, 328 KB, PDF document

DOI

In order to reduce CO2 emissions, energy systems using different energy carriers (e.g., heat and power) are becoming more intertwined and integrated. However, coordination between non-cooperative participants of these systems in the combined heat and power domain has been limited to single-sided auctions with one centralised seller. In this paper, we present a double-sided auction mechanism in which prosumers as well as consumers and producers of heat and power can participate. By showing that our mechanism is Incentive Compatible and Individually Rational, we ensure that truthful bidding is the optimal strategy, simplifying the bidding process and thus accommodating agents with limited computational resources. Finally, we show that our mechanism is fiscally sustainable, i.e., Weakly Budget Balanced.

Original languageEnglish
Title of host publicationProceedings of the 2019 IEEE PES Innovative Smart Grid Technologies Europe (ISGT-Europe 2019)
PublisherIEEE
Number of pages5
ISBN (Electronic)9781538682180
DOIs
Publication statusPublished - 1 Sep 2019
Event2019 IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2019: New Businesses for Energy Transition - Bucharest, Romania
Duration: 29 Sep 20192 Oct 2019

Conference

Conference2019 IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2019
Abbreviated titleISGT-Europe
CountryRomania
CityBucharest
Period29/09/192/10/19

    Research areas

  • Combined Heat and Power, Double Sided Auctions, Mechanism Design

ID: 67542178