A negotiation protocol for multiple interdependent issues negotiation over energy exchange

Abstract

We present a novel negotiation protocol to facilitate energy exchange between off-grid homes that are equipped with renewable energy generation and electricity storage. Our solution imposes additional constraints on negotiation such that it reduces a complex interdependent multi-issue problem to one that is tractable. We prove that using our protocol, agents can reach a Pareto-optimal, dominant strategy equilibrium in a decentralized and timely fashion. We empirically evaluate our approach in a realistic setting. In this case, we show that energy exchange can be useful in reducing the capacity of the energy storage devices in homes by close to 40\%