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PAPER: An advanced retail electricity market for active distribution systems and home microgrid interoperability based on game theory

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What is the Problem?
Active distribution networks are the future of power system with prosumers. Currently, there is no market mechanism to encourage energy exchange among prosumers to increase competition with the utility companies.
Why is it Interesting?
The prosumers can trade energy and ancillary services among each other, which reduce stress on the main power grid, losses, and cost of operation by facilitating local generation and consumption. It also helps retailers to defer upgrade in the system.
What is the Approach?
A game-theory market structure with multiple retailers, prosumers, and devices are developed. Load flexibility, storage, and dispatchabe and non-dispatchable resources are considered to participate in the market looking after their benefits. The proposed market structure encourage local generation and demand.
What is New?
Considering three types of players and load flexibility is new in this study. Additionally, the Nikaido-Isoda Relaxation Algorithm (NIRA) is used to obtain global optimal solutions among all different players. Uncertain parameters are appropriately modelled with statistical techniques and taguchi0s orthogonal array testing (TOAT) is utilised to reduce number of scenarios for faster simulation.
How was it Tested?
A small active distribution system consisting of three home microgrids and two retailers are simulated. Three test cases are defined and simulated for comparison purposes. The proposed market structure outperformed the other scenarios significantly in different aspects.

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