Differentially Private Local Electricity Markets

Authors

Abstract:

Privacy-preserving electricity markets have a key role in steering customers towards participation in local electricity markets by guarantying to protect their sensitive information. Moreover, these markets make it possible to statically release and share the market outputs for social good. This paper aims to design a market for local energy communities by implementing Differential Privacy (DP) that provably guarantees the privacy of market participants. Besides achieving a near-optimal solution and preserving the privacy of market participants, the proposed model maintains the utility of the market data for statistical releases. The required randomization for satisfying DP is embedded as Gaussian noise in each iteration of the gradient ascent algorithm underlying the optimization process of the market-clearing problem. In numerical studies, we investigate the impacts of the privacy loss parameter on the output distribution of the market-clearing quantities and payoffs of the market participants. In addition, we demonstrate the inherent trade-off between privacy protection and social welfare in the market under different privacy regimes.

Upgrade to premium to download articles

Sign up to access the full text

Already have an account?login

similar resources

Optimal combinatorial electricity markets

The deregulation of the electricity industry in many countries has created a number of marketplaces in which producers and consumers can operate in order to more effectively manage and meet their energy needs. To this end, this paper develops a new model for electricity retail where end-use customers choose their supplier from competing electricity retailers. The model is based on simultaneous ...

full text

“ Self - Regulating Electricity Markets ? ”

An experimental structure is demonstrated that represents end-use customers in electricity markets who can substitute part of their usage between day and night. Each customer’s demand relationship is represented by a two-step value function for each period, disaggregated from observed market demand relationships, that varies between day and night and during heat-waves. Three alternative demand-...

full text

Liberalising Electricity Markets

Introduction The EU Electricity and Gas Directives 96/92/EC and 98/30/EC were adopted in 1996 and 1998, with member countries having until February 1999 and August 2000 to incorporate their provisions into domestic legislation. At one level, the directives were the logical extension to public utilities of the principles of the single market – “the free movement of goods, persons, services and c...

full text

Differentially Private Variational Dropout

Deep neural networks with their large number of parameters are highly flexible learning systems. The high flexibility in such networks brings with some serious problems such as overfitting, and regularization is used to address this problem. A currently popular and effective regularization technique for controlling the overfitting is dropout. Often, large data collections required for neural ne...

full text

Differentially Private Rank Aggregation

Given a collection of rankings of a set of items, rank aggregation seeks to compute a ranking that can serve as a single best representative of the collection. Rank aggregation is a well-studied problem and a number of effective algorithmic solutions have been proposed in the literature. However, when individuals are asked to contribute a ranking, they may be concerned that their personal prefe...

full text

My Resources

Save resource for easier access later

Save to my library Already added to my library

{@ msg_add @}


Journal title

volume 25  issue 4

pages  34- 54

publication date 2023-03

By following a journal you will be notified via email when a new issue of this journal is published.

Keywords

No Keywords

Hosted on Doprax cloud platform doprax.com

copyright © 2015-2023