Decentralized market model using Automated Market Maker for three-phase unbalanced distribution networks

This paper presents a decentralized market model for future distribution networks where small-scale single-phase prosumers participate in the market along with three-phase prosumers. In the proposed model, the Energy Storage Units (ESU) make energy commitments for a trading period. The energy commitments along with the money are tokenized to form a liquidity pool. The prosumers located in different phases in the network can trade with this liquidity pool. The concept of Automated Market Maker (AMM) is employed for fast and iteration-free price discovery. The network constraints and distribution line power losses are considered in the model. The operation of the proposed market model is shown on IEEE 13 bus unbalanced distribution network.