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

  • Francisco Silva
  • Brígida Teixeira
  • Tiago PintoEmail author
  • Isabel Praça
  • Goreti Marreiros
  • Zita Vale
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 615)

Abstract

The use of Decision Support Systems (DSS) in the field 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 identified gap, using concepts related to automated negotiation, game theory and data mining.

Keywords

Automated negotiation Bilateral contracts Data mining Decision support systems Electricity markets Game theory 

Notes

Acknowledgements

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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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Francisco Silva
    • 1
  • Brígida Teixeira
    • 1
  • Tiago Pinto
    • 1
    • 2
    Email author
  • Isabel Praça
    • 1
  • Goreti Marreiros
    • 1
  • Zita Vale
    • 1
  1. 1.GECAD - Knowledge Engineering and Decision Support Research Center, Institute of Engineering - Politechnic of Porto (ISEP/IPP)PortoPortugal
  2. 2.BISITE - Research Centre, University of SalamancaSalamancaSpain

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