Multi-energy retail market simulation with intelligent agents

• Type: Article in International Conference Proceedings Book
• Date: 2005

Authors

Vladimiro Miranda (Author) FEUP; Naing Oo (Author) FEUP

Conference proceedings International

Title: 2005 IEEE Russia Power Tech, PowerTech

2005 IEEE Russia Power Tech, PowerTech

St. Petersburg, 27 June 2005 through 30 June 2005

Indexing

Scopus - 12 Citations

Scientific classification

FOS: Engineering and technology > Electrical engineering, Electronic engineering, Information engineering

CORDIS: Technological sciences > Engineering > Electrical engineering

Other information

Authenticus ID: P-007-NCD

DOI: 10.1109/ptc.2005.4524755

Abstract (EN): This paper presents an overview of a simulation platform for studying the behavior of energy retail markets where multiple energies enter in competition. This platform is based on autonomous agent techniques. The simulations include agents representing Residential, Commercial and Industrial Consumer Groups, Electricity, Gas, Heat Retail Suppliers and Energy Deliverers, Regulators, Market Operators, Economy and Information Environment. Each pursues its own interests and from their interaction a complex collective behavior emerges. Agents formulate their strategies namely by inner complex simulation process that try to guess other agent move s and define optimum decisions in energy purchasing, price fixing, market share wining, investing and capturing new consumers, among other. The process works on a FIPA complying platform being able to run in a parallel cluster machines.

Language: English

Type (Professor's evaluation): Scientific