A new approach for multi-agent coalition formation and management in the scope of electricity markets

T. Pinto, H. Morais, P. Oliveira, Z. Vale, I. Praça and C. Ramos

Energy, 2011, vol. 36, issue 8, 5004-5015

Abstract: This paper presents a new methodology for the creation and management of coalitions in Electricity Markets. This approach is tested using the multi-agent market simulator MASCEM, taking advantage of its ability to provide the means to model and simulate VPP (Virtual Power Producers). 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.

Keywords: Multi-agent systems; Virtual power producers; Distributed generation; Competitive electricity markets; Intelligent decision making; Agent negotiation strategies (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:36:y:2011:i:8:p:5004-5015

DOI: 10.1016/j.energy.2011.05.045

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