Game-Theoretic Market Mechanisms for Sharing Distributed Energy Resources

This seminar on dynamic games and applications explores game-theoretic frameworks for designing local energy markets that facilitate efficient sharing of distributed energy resources (DERs). Learn how innovative market mechanisms can address the challenges of high investment costs, space constraints, and low utilization rates that limit the efficiency of individually operated renewable energy and storage systems. Discover two key auction mechanisms—the combinatorial double auction (CDA) and the combinatorial clock auction (CCA)—that enable strategic interaction between multiple DER providers and consumers while maintaining privacy and optimizing economic and environmental benefits. The presentation covers mathematical modeling of these auction mechanisms, including social welfare optimization, utility-maximizing bidding strategies for consumers, and revenue-maximizing approaches for DER providers, all within the context of transitioning to more sustainable energy systems.