18,026 research outputs found
Automated combination of bilateral energy contracts negotiation tactics
[EN] This paper addresses the theme automated bilateral negotiation of energy contracts. In this work, the automatic combination between different negotiation tactics is proposed. This combination is done dynamically throughout the negotiation process, as result from the online assessment that is performed after each proposal and counter-proposal. The proposed method is integrated in a decision support system for bilateral negotiations, called Decision Support for Energy Contracts Negotiations (DECON), which in turn is integrated with the Multi-Agent Simulator of Competitive Electricity Markets (MASCEM). This integration enables testing and validating the proposed methodology in a realistic market negotiation environment. A case study is presented, demonstrating the advantages of the proposed approach
Consensus-based approach to peer-to-peer electricity markets with product differentiation
With the sustained deployment of distributed generation capacities and the
more proactive role of consumers, power systems and their operation are
drifting away from a conventional top-down hierarchical structure. Electricity
market structures, however, have not yet embraced that evolution. Respecting
the high-dimensional, distributed and dynamic nature of modern power systems
would translate to designing peer-to-peer markets or, at least, to using such
an underlying decentralized structure to enable a bottom-up approach to future
electricity markets. A peer-to-peer market structure based on a Multi-Bilateral
Economic Dispatch (MBED) formulation is introduced, allowing for
multi-bilateral trading with product differentiation, for instance based on
consumer preferences. A Relaxed Consensus+Innovation (RCI) approach is
described to solve the MBED in fully decentralized manner. A set of realistic
case studies and their analysis allow us showing that such peer-to-peer market
structures can effectively yield market outcomes that are different from
centralized market structures and optimal in terms of respecting consumers
preferences while maximizing social welfare. Additionally, the RCI solving
approach allows for a fully decentralized market clearing which converges with
a negligible optimality gap, with a limited amount of information being shared.Comment: Accepted for publication in IEEE Transactions on Power System
Peer-to-peer and community-based markets: A comprehensive review
The advent of more proactive consumers, the so-called "prosumers", with
production and storage capabilities, is empowering the consumers and bringing
new opportunities and challenges to the operation of power systems in a market
environment. Recently, a novel proposal for the design and operation of
electricity markets has emerged: these so-called peer-to-peer (P2P) electricity
markets conceptually allow the prosumers to directly share their electrical
energy and investment. Such P2P markets rely on a consumer-centric and
bottom-up perspective by giving the opportunity to consumers to freely choose
the way they are to source their electric energy. A community can also be
formed by prosumers who want to collaborate, or in terms of operational energy
management. This paper contributes with an overview of these new P2P markets
that starts with the motivation, challenges, market designs moving to the
potential future developments in this field, providing recommendations while
considering a test-case
Playing Three-Level Games in the Global Economy. Case Studies from the EU. College of Europe EU Diplomacy Paper 4/2008, May 2008
The case studies in this paper are a selection of essays that have been written in the framework of the compulsory first-semester course The EU in a Global Political Economy Context, taught by Professor Sieglinde Gstöhl, in the academic year 2007-2008 in the EU International Relations and Diplomacy Studies programme at the College of Europe. They all address recent cases of two- or three-level games played by the European Union in different policy fields of the global economy (reflecting the state of affairs at the end of 2007)
Lightweight Blockchain Framework for Location-aware Peer-to-Peer Energy Trading
Peer-to-Peer (P2P) energy trading can facilitate integration of a large
number of small-scale producers and consumers into energy markets.
Decentralized management of these new market participants is challenging in
terms of market settlement, participant reputation and consideration of grid
constraints. This paper proposes a blockchain-enabled framework for P2P energy
trading among producer and consumer agents in a smart grid. A fully
decentralized market settlement mechanism is designed, which does not rely on a
centralized entity to settle the market and encourages producers and consumers
to negotiate on energy trading with their nearby agents truthfully. To this
end, the electrical distance of agents is considered in the pricing mechanism
to encourage agents to trade with their neighboring agents. In addition, a
reputation factor is considered for each agent, reflecting its past performance
in delivering the committed energy. Before starting the negotiation, agents
select their trading partners based on their preferences over the reputation
and proximity of the trading partners. An Anonymous Proof of Location (A-PoL)
algorithm is proposed that allows agents to prove their location without
revealing their real identity. The practicality of the proposed framework is
illustrated through several case studies, and its security and privacy are
analyzed in detail
Multi-agent systems and birtual producers in electronic marketplaces
This paper presents an agent-based simulator
designed for analyzing agent market strategies based on a
complete understanding of buyer and seller behaviours,
preference models and pricing algorithms, considering user risk
preferences. The system includes agents that are capable of
improving their performance with their own experience, by
adapting to the market conditions. In the simulated market
agents interact in several different ways and may joint together
to form coalitions. In this paper we address multi-agent
coalitions to analyse Distributed Generation in Electricity
Market
Theoretical and Computational Basis for CATNETS - Annual Report Year 2
In this work the self-organising potential of the CATNETS allocation mechanism is described to provide a more comprehensive view on the research done in this project. The formal description of either the centralised and decentralised approach is presented. Furthermore the agents' bidding model is described and a comprehensive overview on how the catallactic mechanism is incorporated into the middleware and simulator environments is given. --Decentralized Market Mechanisms,Centralized Market Mechanisms,Catallaxy,Market Engineering,Simulator Integration,Prototype Integration
Decision Support for Negotiations among Microgrids Using a Multiagent Architecture
[EN] This paper presents a decision support model for negotiation portfolio optimization considering the participation of players in local markets (at the microgrid level) and in external markets, namely in regional markets, wholesale negotiations and negotiations of bilateral agreements. A local internal market model for microgrids is defined, and the connection between interconnected microgrids is based on nodal pricing to enable negotiations between nearby microgrids. The market environment considering the local market setting and the interaction between integrated microgrids is modeled using a multi-agent approach. Several multi-agent systems are used to model the electricity market environment, the interaction between small players at a microgrid scale, and to accommodate the decision support features. The integration of the proposed models in this multi-agent society and interaction between these distinct specific multi-agent systems enables modeling the system as a whole and thus testing and validating the impact of the method in the outcomes of the involved players. Results show that considering the several negotiation opportunities as complementary and making use of the most appropriate markets depending on the expected prices at each moment allows players to achieve more profitable results
Management of local citizen energy communities and bilateral contracting in multi-agent electricity markets
ABSTRACT: Over the last few decades, the electricity sector has experienced several changes, resulting in different electricity markets (EMs) models and paradigms. In particular, liberalization has led to the establishment of a wholesale market for electricity generation and a retail market for electricity retailing. In competitive EMs, customers can do the following: freely choose their electricity suppliers; invest in variable renewable energy such as solar photovoltaic; become prosumers; or form local alliances such as Citizen Energy Communities (CECs). Trading of electricity can be done in spot and derivatives markets, or by bilateral contracts. This article focuses on CECs. Specifically, it presents how agent-based local consumers can form alliances as CECs, manage their resources, and trade on EMs. It also presents a review of how agent-based systems can model and support the formation and interaction of alliances in the electricity sector. The CEC can trade electricity directly with sellers through private bilateral agreements. During the negotiation of private bilateral contracts, the CEC receives the prices and volumes of their members and according to its negotiation strategy, tries to satisfy the electricity demands of all members and reduce their costs for electricity.info:eu-repo/semantics/publishedVersio
Renewable energy support policy based on contracts for difference and bilateral negotiation
ABSTRACT: The European Union has been one of the major drivers of the development of renewable energy. The energy policies of most European countries have involved subsidized tariffs, such as the feed-in tariff in Portugal, the regulated tariff and the market price plus premium in Spain, and the Renewables Obligation in UK, that came into effect in 2002. Recently, UK has made some reforms and started to consider contracts for difference (CfDs) as a key element of the energy policy. This paper presents a support policy based on CfDs and bilateral negotiation. The first phase consists in a CfD auction and the second phase involves a bilateral negotiation between a Government and each of the selected investors. The paper also presents a case-study to analyze the potential benefits of the support policy. It was performed with the help of the MATREM system. The preliminary results indicate some advantages for the Government (and, in some cases, for the investors as well).info:eu-repo/semantics/publishedVersio
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