Virtual Power Players Internal Negotiation and Management in MASCEM

Gabriel Santos, Tiago Pinto, Zita Vale, Isabel Praca, Hugo Morais

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Abstract

Electricity Markets are not only a new reality but an evolving one as the involved players and rules change at a relatively high rate. Multi-agent simulation combined with Artificial Intelligence techniques may result in very helpful sophisticated tools. This paper presents a new methodology for the management of coalitions in electricity markets. This approach is tested using the multi-agent market simulator MASCEM (Multi-Agent Simulator of Competitive Electricity Markets), taking advantage of its ability to provide the means to model and simulate Virtual Power Players (VPP). VPPs are represented as coalitions of agents, with the capability of negotiating both in the market and internally, with their members in order to combine and manage their individual specific characteristics and goals, with the strategy and objectives of the VPP itself. A case study using real data from the Iberian Electricity Market is performed to validate and illustrate the proposed approach.
Original languageEnglish
Title of host publicationProceedings of 7th International Conference on Intelligent System Applications to Power Systems
Number of pages6
Publication date2013
Publication statusPublished - 2013
Event17th International Conference on Intelligent Systems Application to Power Systems - Tokyo, Japan
Duration: 1 Jul 20134 Jul 2013
http://www.isc.meiji.ac.jp/~hmori/isap2013/

Conference

Conference17th International Conference on Intelligent Systems Application to Power Systems
CountryJapan
CityTokyo
Period01/07/201304/07/2013
Internet address

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