Managing Deregulated Energy Markets: An Adaptive and Autonomous Multi-agent System Application

• Published in: 2013 IEEE International Conference on Systems, Man, and Cybernetics pp. 758 - 763
• Main Authors: Capodieci, Nicola, Cabri, Giacomo
• Format: Conference Proceeding
• Language: English
• Published: IEEE 01-10-2013
• Subjects: Contracts; Electricity; Energy; Mathematical model; Meteorology; Multi-Agent System; Negotiation; Production; Self-Expression; Wind turbines
• DOI: 10.1109/SMC.2013.134
• EISSN: 2577-1655
• ISSN: 1062-922X

Given the complexity of modelling actors and interactions of the deregulated electric energy market, the Multi-Agent System approach can be used for both simulation and applications of critical aspects in the Smart Grid. In particular, balancing demand and offer and handling negotiation among peers: now, even a domestic environment that features photovoltaic and/or wind turbines modules can decide to enter the deregulated market as a small-scale seller, thus making the requirement of having such an architecture to be autonomous by deploying Self-* properties such as Self-Organization, Self-Repairing, Self-Adaptation. To be more specific about the presented case study, we propose a model in which small-scale seller agents dynamically decide from to time to time, either to address the market as lone operators or by aggregating into Virtual Power Plants. This iterated decisional process depends on highly variable market related factors, thus the goal to design a net of agents able to autonomously react to this dynamic environment.