A trade server for electricity e-commerce
Document Type
Article
Publication Date
1-2002
Publisher
Elsevier B.V.
Abstract
This paper presents a trade server for electricity e-commerce. The server is generic and platform independent software that emulates human intelligence to trade electricity as a merchandise. It is built into each of the software agents that operate on behalf of the individual business entities in electricity markets. The server initiates trading with other agents through its modules following a designated strategy. The communication media among agents is the Internet. The software is component-based and is coded in C++. We use the Western System Coordinating Council (WSCC) system for testing. The results of the automated trade system are comparable to the results of the standard supply function equilibria model that may be used by human decision-makers. The automated trade system, however, requires less human workforce, reduces transaction time and better explores trading opportunities.
Recommended Citation
Al-Agtash, S., & Al-Fayoumi, N. (2002). A trade server for electricity e-commerce. Computers in Industry, 47(1), 89–97. https://doi.org/10.1016/S0166-3615(01)00126-9
