Download Citation on ResearchGate | Counterspeculation, Auctions, and Competitive Sealed Tenders | It is important to realize, however, that. By William Vickrey; COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS. William Vickrey, “Counterspeculation, Auctions, And Competitive Sealed Tenders,” Journal of Finance, American Finance Association, vol. 16(1), pages.

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A set of distributed generation, demand flexibility and energy storage devices are locally managed to minimize the local total generation cost. Smart grid auctionss have been developed to solve this problem.

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Case studies demonstrate the effectiveness of the proposed method. More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors.

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Counterspeculation, Auctions, And Competitive Sealed Tenders

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each saeled item. It is difficult to balance the power between demand and generation in electrical networks with the rise of distributed energy resources DERsespecially for the uncertainty of renewable generation. If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

Quantitative analysis is proposed by a bi-level optimization model of the micro-grid setting, accounting for the operational constraints of energy storage.

This allows to link your profile to this item. As the access to this document is restricted, you may want to search for a different version of it. RePEc uses bibliographic data supplied by the respective publishers. When requesting a correction, please mention this item’s handle: General contact details of provider: However, impacts of energy storage on micro-grid has not been explored yet.

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This bi-level problem is solved after converting it into a Mathematical Program with Equilibrium Constraints MPEC and linearizing the latter through suitable techniques. The Impact of Energy Storage on Micro-grid: More about this item Statistics Access and download statistics.

Counterspeculation, Auctions, And Competitive Sealed Tenders

See general information about how to correct material in RePEc. You can help correct errors and omissions. In this paper, a local smart market based on a multi-agent system is presented to provide for the quantitative evidence of the beneficial impact of flexibility enabled by demand flexibility and energy storage in limiting market power by distributed generation DG units.

Vickrey, Counter speculation, auctions, and coumterspeculation sealed tenders, J.