Bilevel aggregator-prosumers' optimization problem in real-time: A convex optimization approach

This paper proposes a Real-Time Market (RTM) platform for an aggregator and its corresponding prosumers to participate in the electricity wholesale market. The proposed energy market is modeled as bilevel optimization problem where are considered self-interest agents. current state-of-the-art Mathematical Programming with Equilibrium Constraints (MPEC) Mixed-Integer (MIP) based approaches solve problems not satisfactory real-time applications. computation time such grows exponentially number of decision variables increase. presents convex which can capture subset set global optima optimal solution.