Automated combination of bilateral energy contracts negotiation tactics

Abstract

This paper addresses the theme automated bilateral negotiation of energy contracts. In this work, the automatic combination between different negotiation tactics is proposed. This combination is done dynamically throughout the negotiation process, as result from the online assessment that is performed after each proposal and counter-proposal. The proposed method is integrated in a decision support system for bilateral negotiations, called Decision Support for Energy Contracts Negotiations (DECON), which in turn is integrated with the Multi-Agent Simulator of Competitive Electricity Markets (MASCEM). This integration enables testing and validating the proposed methodology in a realistic market negotiation environment. A case study is presented, demonstrating the advantages of the proposed approach.

Energy Community in Action—Energy Citizenship Contract as Tool for Climate Neutrality

“…Concentrating on consumers preferences, in [54] Chakraborty, S. et al, "present an automated peer-to-peer (P2P) negotiation strategy for settling energy contracts among prosumers in a Residential Energy Cooperative (REC) considering heterogeneous prosumer preferences" [54] p. 1 and, similarly, in [55] Wang, Y., et al, propose a P2P energy sharing mechanism for energy community model where, through the definition of an energy contract as a tool for the management of energy exchange, "participants form an alliance and can trade energy with each other to maximisation individual benefit without a central controller" [55] p. 1. Giving greater importance to prosumers role, [56] develop a decision support system for bilateral negotiations consisting of 10 different combinable strategies to be adopted throughout the negotiation process in electricity markets.…”

A stochastic approach to dynamic participation in energy communities

“…[50] propose an energy contract based on Shapley values to allocate profits among participants in a fair way. Another automated negotiation process of bilateral energy contracts is presented in [36].…”

“…An energy community is a small, tangible social unit, wherein trust and confidence in the community are key. Automated, smart contracts for trading, as seen in [6,27,36,50] and virtual energy communities [21] are useful and supporting instruments. Our work goes beyond these short-term optimal allocation and trading contracts; we also consider the medium-to long-term development of an energy community.…”