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In this paper, the problem of energy trading between smart grid prosumers that can simultaneously consume and produce energy is studied. The problem is formulated as a noncooperative game between prosumers whose goal is to meet their energy demands at minimum cost by optimally utilizing their storage units and renewable (wind) energy sources. In this game, each prosumer will declare the amount of...
The proliferation of distributed generation and storage units is leading to the development of local, small-scale distribution grids, known as microgrids (MGs). In this paper, the problem of optimizing the energy trading decisions of MG operators (MGOs) is studied using game theory. In the formulated game, each MGO chooses the amount of energy that must be sold immediately or stored for future emergencies,...