@inproceedings{f992ea5a4c09445f841b9cacbf42d87d,
title = "A Fundamental Economic Model of Interacting Electricity Prosumers",
abstract = "Distributed energy resources (DERs) and automation systems enable traditional electricity consumers to also produce and to store energy. These energy prosumers can become much more active in energy management. They can provide benefits to the grid by exchanging energy and energy-related services. This paper presents the fundamental economics of energy prosumers. It shows that the energy prosumer can act simultaneously as producer and consumer, and designs a strategy to maximize its revenue. Based on a linear bid/offer model, we show how prosumers operating in a market arrive at a stable equilibrium and present results for the case when prosumers bid strategically.",
keywords = "Distributed Energy Resources, Electricity Market, Energy Bids, Optimal Bidding, Prosumer",
author = "E. Tsybina and S. Grijalva and J. Moreno-Cruz",
note = "Publisher Copyright: {\textcopyright} 2018 IEEE.; 2018 North American Power Symposium, NAPS 2018 ; Conference date: 09-09-2018 Through 11-09-2018",
year = "2018",
month = jul,
day = "2",
doi = "10.1109/NAPS.2018.8600626",
language = "English",
series = "2018 North American Power Symposium, NAPS 2018",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
booktitle = "2018 North American Power Symposium, NAPS 2018",
}