A Combinatorial Double Auction for Community Shared Distributed Energy Resources

The integration of distributed energy resources (DERs), such as renewable (RE) and storage systems, can have many environmental economic benefits. sharing medium-scale DERs enhance these benefits by ensuring efficient resource utilisation promote economy economies scale opportunities. In this paper, we design a combinatorial double auction (CDA) for DER between multiple providers community consumers. proposed market addresses the complementarity services supports environmentally sustainable behaviour purpose is to allocate limited efficiently without compromising privacy or comfort First, bidding rules are designed social welfare optimisation problem formulated. Then, utility maximising strategies consumers with both objectives proposed. Additionally, three types introduced, their revenue investigated. A case study real world RE generation demand data from UK presented. Simulation results show that CDA greatly reduce emissions (by 24%) while also enhancing revenues providers, gains up 82%, when compared where sold through k -double auction.