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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.authorHelder Coelho
dc.contributor.authorPinto, Tiago
dc.contributor.authorSantos, Gabriel
dc.contributor.authorZita Vale
dc.contributor.authorIsabel Praca
dc.date.accessioned2015-08-20T14:20:37Z
dc.date.available2015-08-20T14:20:37Z
dc.date.issued2014-12
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. © 2014 IEEE.por
dc.identifier.citationLOPES, Fernando; [et al] – Multi-Agent simulation of bilateral contracting in competitive electricity markets. In Proceedings - International Workshop on Database and Expert Systems Applications. New York : IEEE - Institute of Electrical and Electronics Engineers Inc., 2014. ISSN: 1529-4188. Art. nr. 6974839, p. 131-135.por
dc.identifier.doi10.1109/DEXA.2014.40
dc.identifier.isbn978-147995722-4
dc.identifier.issn1529-4188
dc.identifier.urihttp://hdl.handle.net/10400.21/4882
dc.language.isoengen
dc.peerreviewedyespor
dc.publisherIEEE - Institute of Electrical and Electronics Engineers Inc.por
dc.relation.ispartofseries6974839
dc.subjectBilateral Contractingpor
dc.subjectDemand Responsepor
dc.subjectEnergy Marketspor
dc.subjectMulti-Agent Systemspor
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.conferencePlaceNew Yorkpor
oaire.citation.endPage135por
oaire.citation.startPage131por
oaire.citation.titleProceedings - International Workshop on Database and Expert Systems Applicationspor
person.familyNameAlgarvio
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person.familyNameCoelho
person.familyNameVale
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person.givenNameHugo
person.givenNameJorge A. M.
person.givenNameHelder
person.givenNameZita
person.givenNameIsabel
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person.identifier.ridM-1020-2015
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