| Popis: |
Distributed energy resources (DERs), such as rooftop solar panels, are growing rapidly and are reshaping power systems. To promote DERs, feed-in-tariff (FIT) is usually adopted by utilities to pay DER owners certain fixed rates for supplying energy to the grid. An alternative to FIT is a market based approach; i.e., consumers and DER owners trade energy in an auction-based peer-to-peer (P2P) market, and the rates are determined by a market clearing process. However, the complexities in sucha market and agents' bounded rationality may invalidate many well-established theories on auction design and hinder market development. To address this issue, we propose an automated bidding framework in a repeated auction based on multi-armed bandit learning, which aims to minimize each bidder's cumulative regret. Numerical results indicate convergence of such a multi-agent learning game to a steady-state. For comparison purpose, we apply the framework to three different auction designs to realize a P2P market. |
