Decision Support System for the Negotiation of Bilateral Contracts in Electricity Markets

Francisco Silva; Brígida Teixeira; Tiago Pinto; Isabel Praca; Goreti Marreiros; Zita Vale

doi:10.1007/978-3-319-61118-1_20

Published June 15, 2017 | Version v1

Conference paper Open

Decision Support System for the Negotiation of Bilateral Contracts in Electricity Markets

1. GECAD - Knowledge Engineering and Decision Support Research Center, Institute of Engineering { Politechnic of Porto (ISEP/IPP), Porto, Portugal
2. GECAD - Knowledge Engineering and Decision Support Research Center, Institute of Engineering { Politechnic of Porto (ISEP/IPP), Porto, Portugal; BISITE { Research Centre, University of Salamanca, Salamanca, Spain

The use of Decision Support Systems (DSS) in the eld of Electricity Markets (EM) is essential to provide strategic support to its players. EM are constantly changing, dynamic environments, with many entities which give them a particularly complex nature. There are several simulators for this purpose, including Bilateral Contracting. However, a gap is noticeable in the pre-negotiation phase of energy transactions, particularly in gathering information on opposing negotiators. This paper presents an overview of existing tools for decision support to the Bilateral Contracting in EM, and proposes a new tool that addresses the identied gap, using concepts related to automated negotiation, game theory and data mining.

Notes

This work has received funding from the European Union's Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No 641794 (project DREAM-GO) and grant agreement No 703689 (project ADAPT); and from FEDER Funds through COMPETE program and from National Funds through FCT under the project UID/EEA/00760/2013

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