A rational decentralized generalized Nash equilibrium seeking for energy markets

Nespoli, Lorenzo and Salani, Matteo and Medici, Vasco (2018) A rational decentralized generalized Nash equilibrium seeking for energy markets. UNSPECIFIED. 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.

Actions (login required)

View Item View Item