Prioritizing Prosumers in the energy trading mechanism: A Game Theoretic approach

This paper presents an energy trading mechanism in the smart grid where different entities interact with each other's (i.e., the sellers, the buyers and the grid). Prosumers can sell their extra energy to the buyers. Then, the latter can interact with the grid if any remaining needed energy. In the existing literature, most studies use the assumption that there is no priority for the buyers participating in the energy management system. All of them pay the same price for the energy suppliers (providers or sellers) without any distinction. In our case, our aim is to divide the deficient of energy in an optimal way between the sellers and the grid while integrating a priority for the buyers. We propose a game theoretical approach to model the different interactions. It is shown analytically that our proposed approach satisfies the prosumers by reducing their bills in comparison to other works.