A Convergence Predictor Model for Consensus-based Decentralised Energy Markets

18 Aug 2023  ·  Parikshit Pareek, L. P. Mohasha Isuru Sampath, Hung D. Nguyen, Eddy Y. S. Foo ·

This letter introduces a convergence prediction model (CPM) for decentralized market clearing mechanisms. The CPM serves as a tool to detect potential cyber-attacks that affect the convergence of the consensus mechanism during ongoing market clearing operations. In this study, we propose a successively elongating Bayesian logistic regression approach to model the probability of convergence of real-time market mechanisms. The CPM utilizes net-power balance among all the prosumers/market participants as a feature for convergence prediction, enabling a low-dimensional model to operate efficiently for all the prosumers concurrently. The results highlight that the proposed CPM has achieved a net false rate of less than 0.01% for a stressed dataset.

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