On truthful auction mechanisms for electricity allocation with multiple time slots

As technology evolves and electricity demand rises, an increasing number of researches have focused on the efficient electricity allocation mechanisms so as to make consumer demand adaptive to the supply of electricity at all times. Considering the respective characteristics of the fixed price and the dynamic price model commonly used in the electricity market, in this paper, we formulate the problem of electricity allocation as a novel combinatorial auction model, and then put forward two directly applicable mechanisms called TAMEA-FP based on fixed price model and TAMEA-DP based on dynamic price model respectively. In addition, it is theoretically proven that both the proposed mechanisms are equipped with the economic properties such as individual rationality, budget balance and truthfulness. Finally, extensive simulation results show that both the proposed mechanisms own the allocation efficiency and computational traceability with the time complexity.