An Effective Broker for the Power TAC 2014

Jasper Hoogland; Han La Poutré

doi:10.1007/978-3-319-54229-4_5

An Effective Broker for the Power TAC 2014

Intelligent Electrical Power Grids

Research output: Chapter in Book/Conference proceedings/Edited volume › Conference contribution › Scientific › peer-review

2 Citations (Scopus)

Abstract

The Power TAC is a competition-based simulation of an electricity market. The goal of the competition is to test retailer (broker) strategies in a competitive environment. Participants create broker agents that trade electricity. In this paper we describe our broker, which we created as a participant of the 2014 Power TAC competition. We describe the strategies for two main components of the game: the tariff market and the wholesale market. We also discuss the performance of our broker in the competition, where we were second in the final ranking.

Original language	English
Title of host publication	Agent-Mediated Electronic Commerce. Designing Trading Strategies and Mechanisms for Electronic Markets
Subtitle of host publication	AMEC/TADA 2015, Istanbul, Turkey, May 4, 2015, and AMEC/TADA 2016, New York, NY, USA, July 10, 2016, Revised Selected Papers
Editors	S. Ceppi, E. David, C. Hajaj, V. Robu, I.A. Vetsikas
Publisher	Springer
Pages	66-80
Number of pages	15
ISBN (Electronic)	978-3-319-54229-4
ISBN (Print)	978-3-319-54228-7
DOIs	https://doi.org/10.1007/978-3-319-54229-4_5
Publication status	Published - 2017

Publication series

Name	Lecture Notes in Business Information Processing
Volume	271
ISSN (Print)	1865-1348

Bibliographical note

This book constitutes revised selected papers from the 17th and 18th International Workshop on Agent-Mediated Electronic Commerce, AMEC TADA 2015 and 2016, which took place in Istanbul, Turkey, in May 2015, and in New York City, USA, in July 2016.

Keywords

Expense
Maxon

Access to Document

10.1007/978-3-319-54229-4_5

Cite this

Hoogland, J., & La Poutré, H. (2017). An Effective Broker for the Power TAC 2014. In S. Ceppi, E. David, C. Hajaj, V. Robu, & I. A. Vetsikas (Eds.), Agent-Mediated Electronic Commerce. Designing Trading Strategies and Mechanisms for Electronic Markets: AMEC/TADA 2015, Istanbul, Turkey, May 4, 2015, and AMEC/TADA 2016, New York, NY, USA, July 10, 2016, Revised Selected Papers (pp. 66-80). (Lecture Notes in Business Information Processing; Vol. 271). Springer. https://doi.org/10.1007/978-3-319-54229-4_5

Hoogland, Jasper ; La Poutré, Han. / An Effective Broker for the Power TAC 2014. Agent-Mediated Electronic Commerce. Designing Trading Strategies and Mechanisms for Electronic Markets: AMEC/TADA 2015, Istanbul, Turkey, May 4, 2015, and AMEC/TADA 2016, New York, NY, USA, July 10, 2016, Revised Selected Papers. editor / S. Ceppi ; E. David ; C. Hajaj ; V. Robu ; I.A. Vetsikas. Springer, 2017. pp. 66-80 (Lecture Notes in Business Information Processing).

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abstract = "The Power TAC is a competition-based simulation of an electricity market. The goal of the competition is to test retailer (broker) strategies in a competitive environment. Participants create broker agents that trade electricity. In this paper we describe our broker, which we created as a participant of the 2014 Power TAC competition. We describe the strategies for two main components of the game: the tariff market and the wholesale market. We also discuss the performance of our broker in the competition, where we were second in the final ranking.",

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Hoogland, J & La Poutré, H 2017, An Effective Broker for the Power TAC 2014. in S Ceppi, E David, C Hajaj, V Robu & IA Vetsikas (eds), Agent-Mediated Electronic Commerce. Designing Trading Strategies and Mechanisms for Electronic Markets: AMEC/TADA 2015, Istanbul, Turkey, May 4, 2015, and AMEC/TADA 2016, New York, NY, USA, July 10, 2016, Revised Selected Papers. Lecture Notes in Business Information Processing, vol. 271, Springer, pp. 66-80. https://doi.org/10.1007/978-3-319-54229-4_5

An Effective Broker for the Power TAC 2014. / Hoogland, Jasper; La Poutré, Han.
Agent-Mediated Electronic Commerce. Designing Trading Strategies and Mechanisms for Electronic Markets: AMEC/TADA 2015, Istanbul, Turkey, May 4, 2015, and AMEC/TADA 2016, New York, NY, USA, July 10, 2016, Revised Selected Papers. ed. / S. Ceppi; E. David; C. Hajaj; V. Robu; I.A. Vetsikas. Springer, 2017. p. 66-80 (Lecture Notes in Business Information Processing; Vol. 271).

Research output: Chapter in Book/Conference proceedings/Edited volume › Conference contribution › Scientific › peer-review

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Hoogland J, La Poutré H. An Effective Broker for the Power TAC 2014. In Ceppi S, David E, Hajaj C, Robu V, Vetsikas IA, editors, Agent-Mediated Electronic Commerce. Designing Trading Strategies and Mechanisms for Electronic Markets: AMEC/TADA 2015, Istanbul, Turkey, May 4, 2015, and AMEC/TADA 2016, New York, NY, USA, July 10, 2016, Revised Selected Papers. Springer. 2017. p. 66-80. (Lecture Notes in Business Information Processing). doi: 10.1007/978-3-319-54229-4_5

An Effective Broker for the Power TAC 2014

Abstract

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Bibliographical note

Keywords

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