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Electric power trading has been adopted in many countries. In this paper, we focus on community-based electricity markets to reduce a demand of electric power and ensure an balancing supply of energy for renewable energy. The community can be defined as a domestic group of individual homes. We assume a community has a larger battery that can be shared by individual homes. In the real world, community-based...
In this paper, I discuss about a preliminary idea and its implementation of an auction-based dynamic electric power resource allocation framework that utilizes certain tractable pricing mechanisms, which can cover middle-scale smart grids, e.g., grids for manufacturing industries in a small city with several power suppliers. I illustrate how such an auction-based pricing mechanism can be modeled as...
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