Intelligent Agents for Trading of Electricity in the Microgrid

Abstract:

One of the key advantages of the smart grid is its capability to manage the electricity trading automatically between homes and electricity grids to cope with the inherent real-time dynamic in electricity demand and supply. In this context, this paper presents some advantages and capabilities offered by intelligent agents for trading of electricity in the microgrid. A market-based mechanism and agent trading strategy are developed and studied. Based on the Continuous Double Auction model, the proposed mechanism can deal with unforeseen demand or increased supply capacity in real time. A new trading strategy that can achieve higher market efficiency than previously published well known strategy is also illustrated. The importance of intelligent agents for the distributed control and autonomous operation for the smart grid is demonstrated.

• Periodical: Advanced Materials Research (Volumes 433-440)
• Pages: 1677-1682
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.433-440.1677
• Online since: January 2012
• Authors: Heng Kai Hu, Cheng Jian Wei, Qing Hua Chen, Guang Yang
• Keywords: AA with Meta Control, Intelligent Agents, Microgrids (MGs), Trading of Electricity

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