Risk Management and Bilateral Contracts in Multi-agent Electricity Markets

摘要: In competitive energy markets, customers can freely choose their suppliers. The electricity trade be done in organized markets or using bilateral contracts between and the latter case, market participants set terms conditions of agreements independent operator. They often enter into to hedge against pool price volatility. Furthermore, these are very flexible since negotiating parties specify own contract terms. This article focuses on trading presents key features software agents able negotiate forward contracts. Special attention is devoted risk management contracting, notably utility functions strategies for dealing with risk. also a case study contracting involving management: retailer agent an industrial customer 24h-rate tariff.