Negotiating Hour-Wise Tariffs in Multi-Agent Electricity Markets

  • Fernando Lopes
  • Hugo Algarvio
  • Helder Coelho
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 8062)


Electricity markets (EMs) are a constantly evolving reality, since both market players and market rules are constantly changing. Two major market models have been considered: pools and bilateral transactions. Pool prices tend to change quickly and variations are usually highly unpredictable. In this way, market participants can enter into bilateral contracts to hedge against pool price volatility. This article addresses the issues associated with the negotiation of forward bilateral contracts. It presents the key features of a negotiation model for software agents and describes a case study involving a 24-rate tariff.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • Fernando Lopes
    • 1
  • Hugo Algarvio
    • 1
  • Helder Coelho
    • 2
  1. 1.LNEG-National Research InstituteLisbonPortugal
  2. 2.University of LisbonLisbonPortugal

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