Developing Agents for Electricity Trade Markets

Authors

Salem Al-Agtash, Santa Clara UniversityFollow

Document Type

Conference Proceeding

Publication Date

6-2006

Publisher

IEEE

Abstract

Electricity trade will eventually evolve into some type of an electronic commerce structure, facilitated by a group of collaborative software agents that work according to standard regulations and strict operational and security constraints. This paper presents developing agents for electricity trade markets. We follow a standard agent design requirements and standard agent communication protocols. The results of the test case show that agents facilitate electronic trade and drive the market price closer to the marginal cost of generation supply and far away from the estimated Cournot price.

Comments

Published in: IEEE Workshop on Distributed Intelligent Systems: Collective Intelligence and Its Applications (DIS'06)

Date of Conference: 15-16 June 2006

Date Added to IEEE Xplore: 26 June 2006

Recommended Citation

Al-Agtash, S. (2006). Developing Agents for Electricity Trade Markets. IEEE Workshop on Distributed Intelligent Systems: Collective Intelligence and Its Applications (DIS’06), 231–236. https://doi.org/10.1109/DIS.2006.25