Smart Grid Challenges for Electricity Retailers
The need to achieve sustainability is driving a major transformation of the energy sector. The traditional top-down approach to electricity supply and grid management is being strongly disrupted by a range of forces including distributed renewables, retail market liberalization, and the need for energy consumers to adapt their behavior to the availability of renewable energy sources. We introduce Power TAC, a competitive simulation that challenges researchers to build autonomous trading agents that tackle the complex decision processes a retailer will need to face in future competitive retail electricity markets.
|Keywords||Sustainability Electric power Economic decision-making Competitive simulation Trading agents Smart grid Power TAC|
|Persistent URL||dx.doi.org/10.1007/s13218-014-0311-6, hdl.handle.net/1765/114946|
|Series||ERIM Top-Core Articles|
|Journal||KI Künstliche Intelligenz|
Ketter, W, & Collins, J. (2014). Smart Grid Challenges for Electricity Retailers. KI Künstliche Intelligenz, 28(3), 191–198. doi:10.1007/s13218-014-0311-6