An agent-based electrical power market

8 years 4 months ago
An agent-based electrical power market
This demonstration shows an agent-based model for the electricity power market, in which the optimal power flow is determined in a bottom-up fashion. Here, each agent controls a single electrical node consisting of several power generators, loads (consumer demand), and is connected to neighbouring nodes through transmission lines. Furthermore, each of the components has associated physical constraints, such as the line and generators' capacities. Through a process resembling tatonnement in markets, the optimal system solution which maximises social welfare is reached within a few iterations. The demonstrator visualises this process and also shows how the various constraints affect the system behaviour and how this changes with different settings. Categories and Subject Descriptors I.2.11 [Distributed Artificial Intelligence]: Multiagent systems; G.I.6 [Optimization]: Convex programming General Terms Algorithms,Economics Keywords Electrical Power Markets, Distributed Constrained O...
Jaime Cerda Jacobo, David De Roure, Enrico H. Gerd
Added 12 Oct 2010
Updated 12 Oct 2010
Type Conference
Year 2008
Where ATAL
Authors Jaime Cerda Jacobo, David De Roure, Enrico H. Gerding
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