Please use this identifier to cite or link to this item:
Title: Coalitions of end-use customers in retail electricity markets: a real-world case study involving five schools for children
Author: Algarvio, Hugo
Lopes, Fernando
Santana, João
Keywords: Electricity markets
MATREM system
Intelligent Systems
Bilateral contracting
Issue Date: 2018
Publisher: Springer, Cham
Citation: Algarvio, H.; Lopes, F.; Santana, J. - Coalitions of end-use customers in retail electricity markets: a real-world case study involving five schools for children. In: Bajo J. et al. (eds) Highlights of Practical Applications of Agents, Multi-Agent Systems, and Complexity: The PAAMS Collection. PAAMS 2018. Communications in Computer and Information Science, Vol. 887, p. 312-320
Series/Report no.: Book series, Communications in Computer and Information Science;Volume 887
Abstract: ABSTRACT: The key mechanisms for purchasing and selling electrical energy include electricity pools and bilateral contracts. This article is devoted to bilateral contracting, which is modeled as a negotiation process involving an iterative exchange of offers and counter-offers. It focuses on coalitions of end-use consumers and describes a case study involving five schools for children located in England. The schools decide to ally into a coalition to strengthen their bargaining positions and, hopefully, to obtain better tariffs. To this end, they rely on a coordinator agent, who is defined from the group of five schools, by selecting either the “most powerful” school or the “best negotiator” school. The coordinator takes decisions according to either a “majority” rule, a “consensus” rule, or an “unanimity” rule. The simulations are performed with an agent-based system, called MATREM (for Multi-agent TRading in Electricity Markets). Although preliminary, the results suggest that coalition formation and management is beneficial to end-use customers, since the price agreed in the new forward contracts is more favorable to these agents, particularly when the coordinator is the “best negotiator” agent and considers the “unanimity” decision rule.
Peer review: yes
ISBN: 978-3-319-94778-5
Publisher Version:
Appears in Collections:ISE - Comunicações em actas de encontros científicos internacionais

Files in This Item:
File Description SizeFormat 
PAAMS 2018_Vol.887_312-320.pdf147,22 kBAdobe PDFView/Open

FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpace
Formato BibTex MendeleyEndnote 

Items in Repository are protected by copyright, with all rights reserved, unless otherwise indicated.