Abstract

AbstractWith the increasing requirements of electricity consumption and the wide application of renewable energy sources, the traditional power grid cannot sustain the development trend. It is restructured to more intelligent power systems called smart grids [1, 2]. Smart grids mainly consist of several parts: generator(s), transmission system operator, distributor(s), retailer(s) and aggregator(s) [3]. Many technologies have been introduced into smart grids to ensure their availability and economic benefits [4]. For instance, the energy auction market introduces commercial auctions to smart grids, where energy sellers publish their auction information, and then energy buyers bid for appropriate energy supplies. Thus, the energy auction market can adjust energy prices and provide strong support for the practical application of smart grids [5].KeywordsSmart GridAuction MarketAuction InformationAdjust Energy PricesSigncrypted MessageThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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