Metalearning in ALBidS: A Strategic Bidding System for Electricity Markets

Metalearning is a subfield of machine learning with special propensity for dynamic and complex environments, from which it is difficult to extract predictable knowledge. The field of study of this work is the electricity market, which due to the restructuring that recently took place, became an especially complex and unpredictable environment, involving a large number of different entities, playing in a dynamic scene to obtain the best advantages and profits. This paper presents the development of a metalearner, applied to the decision support of electricity markets' negotiation entities. The proposed metalearner takes advantage on several learning algorithms implemented in ALBidS, an adaptive learning system that provides decision support to electricity markets' participating players. Using the outputs of each different strategy as inputs, the metalearner creates its own output, considering each strategy with a different weight, depending on its individual quality of performance. The results of the proposed method are studied and analyzed using MASCEM - a multi-agent electricity market simulator that models market players and simulates their operation in the market. This simulator provides the chance to test the metalearner in scenarios based on real electricity markets' data.