On Truthful Auction Mechanisms for Electricity Allocation

Abstract

As technology evolves and electricity demand rises, more and more research focus on the efficient electricity allocation mechanisms so as to make consumer demand adaptive to the supply of electricity at all times. In this paper, we formulate the problem of electricity allocation as a novel combinatorial auction model, and then put forward a directly applicable mechanisms. It is proven that the proposed mechanism is equipped with some useful economic properties and computational traceability. Our works offer potential avenues for the stduy about efficient electricity allocation methods in smart grid.