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Bilateral Contracting in Multi-agent Energy Markets with Demand Response

  • Conference paper
Highlights of Practical Applications of Heterogeneous Multi-Agent Systems. The PAAMS Collection (PAAMS 2014)

Part of the book series: Communications in Computer and Information Science ((CCIS,volume 430))

Abstract

In competitive energy markets (EMs), customers can freely choose their energy suppliers. The electricity trade can be done in organized markets or using forward bilateral contracts. Currently, there are several simulation tools based on multi-agent techniques that allow modeling, partially or globally, competitive EMs. The existing tools allow simulating negotiation prices and volumes through bilateral contracts, transactions in pool markets, etc. However, these tools have some limitations, mainly due to the complexity of the electric system. In this context, this article focuses on bilateral trading and presents the key features of software agents able to negotiate forward bilateral contracts. Special attention is devoted to demand response in bilateral contracting, notably utility functions and trading strategies for promoting demand response. The article also presents a case study on forward bilateral contracting with demand response: a retailer agent and an industrial customer agent negotiate a 24h-rate tariff.

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Author information

Authors and Affiliations

  1. LNEG−National Research Institute, Est. Paço do Lumiar 22, Lisbon, Portugal

    Fernando Lopes & Hugo Algarvio

  2. ISEL−Lisbon Engineering Institute, INESC-ID, Lisbon, Portugal

    Jorge Sousa

Authors
  1. Fernando Lopes
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  2. Hugo Algarvio
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  3. Jorge Sousa
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Editor information

Editors and Affiliations

  1. Departamento Informática y Automática, Universidad de Salamanca, Plaza de la Merced s/n, 37008, Salamanca, Spain

    Juan M. Corchado

  2. Department of Artificial Intelligence, Technical Univesity of Madrid, Bloque 2, Despacho 2101, Campus Montegancedo, Boadilla del Monte,, Madrid, Spain

    Javier Bajo

  3. AGH University of Science and Technology (AGH), 30-059, Krakow, Poland

    Jaroslaw Kozlak

  4. Poznan University of Technology, ul.Strzelecka 11, 60-965, Poznań, Poland

    Pawel Pawlewski

  5. Departamento de Informática, Universidad Carlos III de Madrid, Avenida de la Universidad Carlos III, 22, Colmenarejo, Madrid, Spain

    Jose M. Molina

  6. IRIT, University of Toulouse, 118 Route de Narbonne, 31062, Toulouse cedex 9, France

    Benoit Gaudou

  7. Departamento de Sistemas Informáticos y Computación, Universidad Politécnica de Valencia, Camino de Vera s/n, 46022, Valencia, Spain

    Vicente Julian

  8. Universität Duisburg-Essen, Schützenbahn 70 (Hochhaus), 45117, Essen, Germany

    Rainer Unland

  9. Laboratório Nacional de Energia e Geologia (LNEG), Est. Paço do Lumiar 22, 1649-038, Lisbon, Portugal

    Fernando Lopes

  10. Maersk Mc-Kinney Moller Institute, University of Southern Denmark, DK-5230, Odense M, Denmark

    Kasper Hallenborg

  11. Dpt. Signal Theory, Telematics and Com-munications, University of Granada, C/ Periodista Daniel Saucedo Aranda, s/n, 18071, Granada, Spain

    Pedro García Teodoro

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Lopes, F., Algarvio, H., Sousa, J. (2014). Bilateral Contracting in Multi-agent Energy Markets with Demand Response. In: Corchado, J.M., et al. Highlights of Practical Applications of Heterogeneous Multi-Agent Systems. The PAAMS Collection. PAAMS 2014. Communications in Computer and Information Science, vol 430. Springer, Cham. https://doi.org/10.1007/978-3-319-07767-3_26

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  • DOI: https://doi.org/10.1007/978-3-319-07767-3_26

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-07766-6

  • Online ISBN: 978-3-319-07767-3

  • eBook Packages: Computer ScienceComputer Science (R0)

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