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PP-LEM: Efficient and Privacy-Preserving Clearance Mechanism for Local Energy Markets

PP-LEM: Efficient and Privacy-Preserving Clearance Mechanism for Local Energy Markets

In this paper, we propose a novel Privacy-Preserving clearance mechanism for Local Energy Markets (PP-LEM), designed for computational efficiency and social welfare. PP-LEM incorporates a novel competitive game-theoretical clearance mechanism, modelled as a Stackelberg Game. Based on this mechanism, a privacy-preserving market model is developed using a partially homomorphic cryptosystem, …