Auction-Based Single-Sided Bidding Electricity Market: An Alternative to the Bilateral Contractual Energy Trading Model in a Grid-Tied Microgrid
An auction-based single-sided bidding energy transaction mechanism in a grid-connected microgrid (MG) using a multi-agent system allows for better profit sharing for all stakeholders.This can replace existing bilateral contractual trade between the stakeholders.In the bilateral contractual energy trade model, energy transactions are either long-ter