Concession Strategies for Negotiating Bilateral Contracts in Multi-Agent Electricity Markets

被引:10
作者
Lopes, Fernando [1 ]
Coelho, Helder [2 ]
机构
[1] LNEG Natl Res Inst, Estr Paco do Lumiar 22, P-1649038 Lisbon, Portugal
[2] Univ Lisbon, P-1749016 Lisbon, Portugal
来源
2012 23RD INTERNATIONAL WORKSHOP ON DATABASE AND EXPERT SYSTEMS APPLICATIONS (DEXA) | 2012年
关键词
electricity markets; bilateral contracts; intelligent software agents; automated negotiation; AUTONOMOUS COMPUTATIONAL AGENTS;
D O I
10.1109/DEXA.2012.24
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
Electricity markets are systems for effecting the purchase and sale of electricity using supply and demand to set energy prices. Market participants are commonly exposed to financial risks, particularly high price volatility. This article addresses the challenge of using software agents with negotiation competence to help manage the complexity of electricity markets. Specifically, it presents a model for software agents that handles two-party and multi-issue negotiation. Market participants equipped with the model are able to enter into forward contracts to protect themselves from volatility at times of peak demand and supply shortages.
引用
收藏
页码:321 / 325
页数:5
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