Nespoli, Lorenzo and Salani, Matteo and Medici, Vasco (2018) A rational decentralized generalized Nash equilibrium seeking for energy markets. In: 2018 International Conference on Smart Energy Systems and Technologies (SEST).
Full text not available from this repository.Abstract
We propose a method to design a decentralized energy market which guarantees individual rationality (IR) in expectation, in the presence of system-level grid constraints. We formulate the market as a welfare maximization problem subject to IR constraints, and we make use of Lagrangian duality to model the problem as a n-person non-cooperative game with a unique generalized Nash equilibrium (GNE). We provide a distributed algorithm which converges to the GNE. The convergence and properties of the algorithm are investigated by means of numerical simulations.
Item Type: | Article in conference proceedings or Presentation at a conference (Speech) |
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Uncontrolled Keywords: | duality (mathematics);game theory;numerical analysis;power grids;power markets;rational decentralized generalized Nash equilibrium;decentralized energy market;individual rationality;system-level grid constraints;welfare maximization problem;IR constraints;Lagrangian duality;n-person noncooperative game;unique generalized Nash equilibrium;GNE;Games;Nash equilibrium;Couplings;Optimization;Convex functions;Convergence;Electronic mail |
Subjects: | Mathematical sciences > Mathematics > Applied mathematics Social studies > Economics > Applied economics |
Department/unit: | Dipartimento ambiente costruzioni e design > Istituto sostenibilità applicata all'ambiente costruito Dipartimento tecnologie innovative > Istituto Dalle Molle di studi sull’intelligenza artificiale USI-SUPSI |
Depositing User: | Vasco Medici |
Date Deposited: | 17 Dec 2018 09:05 |
Last Modified: | 17 Dec 2018 09:05 |
URI: | http://repository.supsi.ch/id/eprint/10318 |
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