# Market Implementation of Multiple-Arrival Multiple-Deadline   Differentiated Energy Services

**Authors:** Yanfang Mo, Wei Chen, Li Qiu, Pravin Varaiya

arXiv: 1906.02904 · 2024-09-23

## TL;DR

This paper explores the market implementation of MAMD differentiated energy services, enabling flexible loads to meet specific duration requirements within designated time windows, and demonstrates economic feasibility and benefits through analysis and simulation.

## Contribution

It introduces a market framework for MAMD services, proving the existence of an efficient competitive equilibrium and showcasing their advantages via simulation.

## Key findings

- Existence of an efficient competitive equilibrium confirmed.
- MAMD services can maximize social welfare in a decentralized market.
- Simulation results demonstrate the practical benefits of MAMD services.

## Abstract

An increasing concern in power systems is how to elicit flexibilities in demand, which leads to nontraditional electricity products for accommodating loads of different flexibility levels. We have proposed Multiple-Arrival Multiple-Deadline (MAMD) differentiated energy services for the flexible loads which require constant power for specified durations. Such loads are indifferent to the actual power delivery time as long as the duration requirements are satisfied between the specified arrival times and deadlines. The focus of this paper is the market implementation of such services. In a forward market, we establish the existence of an efficient competitive equilibrium to verify the economic feasibility, which implies that selfish market participants can attain the maximum social welfare in a distributed manner. We also show the strengths of the MAMD services by simulation.

## Full text

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## Figures

9 figures with captions in the complete paper: https://tomesphere.com/paper/1906.02904/full.md

## References

32 references — full list in the complete paper: https://tomesphere.com/paper/1906.02904/full.md

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Source: https://tomesphere.com/paper/1906.02904