Print Email Facebook Twitter Bilateral Peer-to-Peer Energy Trading via Coalitional Games Title Bilateral Peer-to-Peer Energy Trading via Coalitional Games Author Raja, A.A. (TU Delft Team Sergio Grammatico) Grammatico, S. (TU Delft Team Sergio Grammatico; TU Delft Team Bart De Schutter) Date 2023 Abstract In this article, we propose a bilateral peer-to-peer (P2P) energy trading scheme under single-contract and multi-contract market setups, both as an assignment game, a special class of coalitional games. The proposed market formulation allows for efficient computation of a market equilibrium while keeping the desired economic properties offered by the coalitional games. Furthermore, our market model allows buyers to have heterogeneous preferences (product differentiation) over the energy sellers, which can be economic, social, or environmental. To address the problem of scalability in coalitional games, we design a novel distributed negotiation mechanism that utilizes the geometric structure of the equilibrium solution to improve the convergence speed. Our algorithm enables market participants (prosumers) to reach a consensus on a set of 'stable' and 'fair' bilateral contracts which encourages prosumer participation. The negotiation process is executed with virtually minimal information requirements on a time-varying communication network that in turn preserves privacy. We use operator-theoretic tools to rigorously prove its convergence. Numerical simulations illustrate the benefits of our negotiation protocol and show that the average execution time of a negotiation step is much faster than the benchmark. Subject Distributed algorithmsmechanism designmulti-agent systemssmart gridstransactive energy To reference this document use: http://resolver.tudelft.nl/uuid:94f0eea2-d51d-4d5f-8fa6-9d6e6c99a1ba DOI https://doi.org/10.1109/TII.2022.3196339 Embargo date 2023-02-04 ISSN 1551-3203 Source IEEE Transactions on Industrial Informatics, 19 (5), 6814-6824 Bibliographical note Green Open Access added to TU Delft Institutional Repository 'You share, we take care!' - Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public. Part of collection Institutional Repository Document type journal article Rights © 2023 A.A. Raja, S. Grammatico Files PDF Bilateral_Peer_to_Peer_En ... _Games.pdf 1.41 MB Close viewer /islandora/object/uuid:94f0eea2-d51d-4d5f-8fa6-9d6e6c99a1ba/datastream/OBJ/view