=Paper=
{{Paper
|id=None
|storemode=property
|title=The CrocodileAgent 2012: Negotiating Agreements in Smart Grid Tariff Market
|pdfUrl=https://ceur-ws.org/Vol-918/111110203.pdf
|volume=Vol-918
|dblpUrl=https://dblp.org/rec/conf/at/MateticBMPP12
}}
==The CrocodileAgent 2012: Negotiating Agreements in Smart Grid Tariff Market==
https://ceur-ws.org/Vol-918/111110203.pdf
The CrocodileAgent 2012:
Negotiating Agreements in a Smart Grid Tariff Market
Sinisa Matetic, Jurica Babic, Marin Matijas, Ana Petric and Vedran Podobnik
University of Zagreb, Faculty of Electrical Engineering and Computing,
Unska 3, 10000 Zagreb, Croatia
{sinisa.matetic, jurica.babic, marin.matijas,
ana.petric, vedran.podobnik}@fer.hr
Abstract. Power Trading Agent Competition (Power TAC) is a recently devel-
oped smart grid power market simulator that represents one competition scenar-
io of the Trading Agent Competitions (TAC) international forum. According to
the recent liberalization of power systems, the idea of Power TAC is the devel-
opment of agent-based architectures which will provide realistic tests for the
creation of future electric power markets. In this paper, we summarize the anal-
ysis of i) negotiating agreements in the Power TAC Tariff Market; and ii) ap-
proaches and methods that the CrocodileAgent uses to maximize its profit and
balance its portfolio.
Keywords: smart grid, electric power retail, reaching agreements, power tariffs
Smart grids enable active involvement of customers in the electric power provisioning
process which results in i) delivery of new end services to electric power customers,
ii) increased reliability of continuous energy supply; and iii) decentralization of an
electric power generation process. Consequently, smart grids should provide more
sustainable and environment friendly electric power production and delivery, higher
level of adjustment to customers’ interest (e.g., reduction in power bills by introduc-
ing a rich set of available tariffs with different rates and various options) as well as
improve electric companies’ profits. However, efficient smart grid policy design is a
prerequisite which will enable that the introduction of smart grids results in a winning
situation for all stakeholders involved. More specifically, well-organized and robust
retail market design is one of crucial challenges when creating an efficient smart grid
policy. In this paper we summarize the Tariff Market activities of the software agent
CrocodileAgent 2012, our entrant in the smart grid power market simulator Power
Trading Agent Competition (Power TAC) [1].
A Power TAC broker (e.g., CrocodileAgent) makes trading decisions on the Power
TAC Tariff Market based on the data about power consumption/production of cus-
tomers in its portfolio. The CrocodileAgent 2012 models power usage (i.e., consump-
tion, production, interruptible) for all customer types as a function of weather forecast
(e.g., sunny or windy) and time information (e.g., time of day, day in a week, season,
popular holiday period).
AT2012, 15-16 October 2012, Dubrovnik, Croatia. Copyright held by the author(s).
Tariff Manager, CrocodileAgent’s module responsible for Tariff Market activities
(Figure 1), continually monitors power and cash flows and evaluates the received data
to create Tariff Specifications which are then offered to customers on the Tariff Mar-
ket. The CrocodileAgent 2012 replaces (i.e., supersedes) tariffs that are not profitable
enough (i.e., with low or even negative difference between revenue received for sell-
ing power to tariff subscribers and cost generated by buying energy on wholesale
market from generating companies and other brokers) with tariffs that have higher
utility. Tariffs that show insufficient utility (e.g., tariffs with the smallest profitability)
over time are revoked completely.
Fig. 1. CrocodileAgent 2012 activities on the Power TAC Tariff Market
CrocodileAgent 2012 offers four types of tariffs with different rates and required
parameters: i) fixed rate during the whole day; ii) three-part rates during different
parts of the day (i.e., 00-06h, 06-18h, 18-24h); iii) three-part rates with fixed daily
rate that depends on the current weekday; and iv) tariffs with fixed rate during the
whole duration of the tariff, but with specific, fast-profit generating parameters (i.e.,
periodic payment). More detailed description of the CrocodileAgent 2012 can be
found in [2].
For future work we plan to improve CrocodileAgent’s customer relationship man-
agement by i) identifying different regimes (e.g., scarcity, balance, oversupply) on the
Tariff Market in order to adjust tariff offerings to current market conditions; and ii)
using reinforced learning in assessing tariff offerings.
Acknowledgments. The authors acknowledge the support of research project “Con-
tent Delivery and Mobility of Users and Services in New Generation Networks”,
funded by the Ministry of Science, Education and Sports of the Republic of Croatia.
References
1. W. Ketter, J. Collins, P. Reddy, C. Flath, and M.d. Weerdt, “The Power Trading Agent
Competition,” ERIM Report Series Reference No. ERS-2011-027-LIS, 2011.
2. J. Babic, et al., “The CrocodileAgent 2012: Research for Efficient Agent-based Electricity
Trading Mechanisms”, In Proceedings of the Special Session on Trading Agent Competi-
tion @ KES-AMSTA 2012, Dubrovnik, Croatia, pp. 1-13, 2012.