Bilevel aggregator-prosumers' optimization problem in real-time: A convex optimization approach

Koorosh Shomalzadeh*, Jacquelien M.A. Scherpen, M. Kanat Camlibel

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

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Abstract

This paper proposes a Real-Time Market (RTM) platform for an aggregator and its corresponding prosumers to participate in the electricity wholesale market. The proposed energy market platform is modeled as a bilevel optimization problem where the aggregator and the prosumers are considered as self-interested agents. We present a convex optimization problem which can capture a subset of the set of global optima of the bilevel problem as its optimal solution.

Original languageEnglish
Pages (from-to)568-573
Number of pages6
JournalOperations Research Letters
Volume50
Issue number5
DOIs
Publication statusPublished - Sep-2022

Keywords

  • Bilevel optimization
  • Computational efficiency
  • Convex optimization
  • Real-time electricity market

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