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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.authorA. Vale, Zita
dc.contributor.authorPraça, Isabel
dc.date.accessioned2015-05-08T11:32:45Z
dc.date.available2015-05-08T11:32:45Z
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. International Workshop on Database and Expert Systems Applications, DEXA. ISSN 1529-4188. (2014), pp. 131-135por
dc.identifier.doi10.1109/DEXA.2014.40
dc.identifier.isbn978-147995722-4
dc.identifier.issn1529-4188
dc.identifier.urihttp://hdl.handle.net/10400.21/4506
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherIEEE - Institute of Electrical and Electronics Engineers Inc.por
dc.relation.ispartofseries;6974839
dc.relation.publisherversionhttp://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=6974839por
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.typejournal article
dspace.entity.typePublication
oaire.citation.conferencePlaceMunichpor
oaire.citation.endPage135por
oaire.citation.startPage131por
oaire.citation.titleInternational Workshop on Database and Expert Systems Applications, DEXApor
person.familyNameAlgarvio
person.familyNameSousa
person.familyNameCoelho
person.familyNameVale
person.familyNamePraça
person.givenNameHugo
person.givenNameJorge A. M.
person.givenNameHelder
person.givenNameZita
person.givenNameIsabel
person.identifier707203
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person.identifier.orcid0000-0001-7622-8624
person.identifier.orcid0000-0002-4560-9544
person.identifier.orcid0000-0002-2519-9859
person.identifier.ridM-1020-2015
person.identifier.ridA-5824-2012
person.identifier.ridK-8430-2014
person.identifier.scopus-author-id55940825700
person.identifier.scopus-author-id7006731915
person.identifier.scopus-author-id7004115775
person.identifier.scopus-author-id22734900800
rcaap.rightsrestrictedAccesspor
rcaap.typearticlepor
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