Tong Cheng, Haiwang Zhong, Qing Xia. Market Equilibrium Based on Cloud-edge Collaboration[J]. CSEE Journal of Power and Energy Systems, 2024, 10(1): 96-104.
DOI:
Tong Cheng, Haiwang Zhong, Qing Xia. Market Equilibrium Based on Cloud-edge Collaboration[J]. CSEE Journal of Power and Energy Systems, 2024, 10(1): 96-104.DOI: 10.17775/CSEEJPES.2022.07130.
Market Equilibrium Based on Cloud-edge Collaboration
Market participants can only bid with lagged information disclosure under the existing market mechanism
which can lead to information asymmetry and irrational market behavior
thus influencing market efficiency. To promote rational bidding behavior of market participants and improve market efficiency
a novel electricity market mechanism based on cloudedge collaboration is proposed in this paper. Critical market information
called residual demand curve
is published to market participants in real-time on the cloud side
while participants on the edge side are allowed to adjust their bids according to the information disclosure prior to closure gate. The proposed mechanism can encourage rational bids in an incentive-compatible way through the process of dynamic equilibrium while protecting participants' privacy. This paper further formulates the mathematical model of market equilibrium to simulate the process of each market participant's strategic bidding behavior towards equilibrium. A case study based on the IEEE 30-bus system shows the proposed market mechanism can effectively guide bidding behavior of market participants
while condensing exchanged information and protecting privacy of participants.
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references
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