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Multi-agent Simulation of Bilateral Contracting in Competitive Electricity Markets

dc.contributor.authorLopes, Fernando
dc.contributor.authorAlgarvio, Hugo
dc.contributor.authorSousa, Jorge A. M.
dc.contributor.authorCoelho, Helder
dc.contributor.authorPinto, Tiago
dc.contributor.authorSantos, Gabriel
dc.contributor.authorVale, Zita
dc.contributor.authorPraça, Isabel
dc.date.accessioned2015-05-04T10:37:34Z
dc.date.available2015-05-04T10:37:34Z
dc.date.issued2014-09-01
dc.description.abstractTraditional vertically integrated power utilities around the world have evolved from monopoly structures to open markets that promote competition among suppliers and provide consumers with a choice of services. Market forces drive the price of electricity and reduce the net cost through increased competition. Electricity can be traded in both organized markets or using forward bilateral contracts. This article focuses on bilateral contracts and describes some important features of an agent-based system for bilateral trading in competitive markets. Special attention is devoted to the negotiation process, demand response in bilateral contracting, and risk management. The article also presents a case study on forward bilateral contracting: a retailer agent and a customer agent negotiate a 24h-rate tariff.por
dc.identifier.doi10.1109/DEXA.2014.40
dc.identifier.urihttp://hdl.handle.net/10400.22/5885
dc.language.isoengpor
dc.publisherIEEEpor
dc.relation.ispartofseriesDEXA;2014
dc.relation.publisherversionhttp://ieeexplore.ieee.org/xpl/articleDetails.jsp?tp=&arnumber=6974839&queryText%3DMulti-agent+Simulation+of+Bilateral+Contracting+in+Competitive+Electricity+Marketspor
dc.subjectEnergy marketspor
dc.subjectmulti-agent systemspor
dc.subjectBilateral contractingpor
dc.subjectDemand Responsepor
dc.subjectRisk managementpor
dc.subjectTrading strategiespor
dc.titleMulti-agent Simulation of Bilateral Contracting in Competitive Electricity Marketspor
dc.typeconference object
dspace.entity.typePublication
oaire.citation.conferencePlaceMunich, Germanypor
oaire.citation.endPage135por
oaire.citation.startPage131por
oaire.citation.titleThird International Workshop on Intelligent Agent Technology, Power Systems and Energy Markets (IATEM 2014) at the 25th International Conference on Database and Expert Systems Applications (DEXA 2014)por
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person.familyNameVale
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person.givenNameTiago
person.givenNameZita
person.givenNameIsabel
person.identifierR-000-T7J
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person.identifier.ridT-2245-2018
person.identifier.ridA-5824-2012
person.identifier.ridK-8430-2014
person.identifier.scopus-author-id35219107600
person.identifier.scopus-author-id7004115775
person.identifier.scopus-author-id22734900800
rcaap.rightsclosedAccesspor
rcaap.typeconferenceObjectpor
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