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Multiagent systems bidding approach for competitive electricity markets

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Author(s):
Igor Alexandre Walter
Total Authors: 1
Document type: Doctoral Thesis
Press: Campinas, SP.
Institution: Universidade Estadual de Campinas (UNICAMP). Faculdade de Engenharia Elétrica e de Computação
Defense date:
Examining board members:
Fernando Antonio Campos Gomide; Marley Maria Bernardes Rebuzzi Vellasco; Paulo de Barros Correia; Secundino Soares Filho; Ricardo Ribeiro Gudwin; Ivan Luiz Marques Ricarte
Advisor: Fernando Antonio Campos Gomide
Abstract

We suggest an evolutionary approach to design interaction strategies for multiagent systems, focusing on strategies modeled as fuzzy rule-based systems. The aim is to learn models represented by evolving knowledge bases to achieve agents' performance improvement when playing in a competitive environment. In competitive situations data for learning and tuning are rare and rule bases must jointly evolve with the databases. We introduce an evolutionary algorithm whose operators use variable length chromosome, a hierarchical relationship among individuals through fitness, and a scheme that successively explores and exploits the search space along generations. Evolution of interaction strategies uncovers unknown and unexpected agent behaviors and allows a richer analysis of negotiation mechanisms and their role as a coordination protocol. An application concerning an electricity market illustrates the effectiveness of the approach and allows to simulate the market through evolutionary bidding strategies. The restructuring process of power markets raises new challenges and opportunities, since there is no consensual market architecture. The evolution of the power industry organization shows a lack of insight about the issues to be addressed and taken into account. Several authors have considered the available tools based on the neoclassical economics theory a limited approach to analyze the effects of the industry restructuring and to study economical agents behavior participating in a restructured electricity market. We present Artificial Economy Multiagent System (AEMAS), a computational architecture inspired on Agent-based Computational Economics (ACE) that allows to model, study and simulate a power market. We apply Computational Intelligence tools to conceive the market agents that we expect could be extended to other negotiation environments. A power market is a complex system populated by self interested economical agents that interact. We conclude that it is feasible to model and simulate these markets on a multiagent system based approach. The evolution of bidding strategies allows to uncover new and unexpected behaviors that help to address the negotiation mechanism analysis by its designers and to support a market player decision process (AU)