Feasibility Study with Agents on Energy Trading

The electric power industry is undergoing rapid and significant change with the advent of deregulation. In a networked environment, it is desirable that the agent be mobile. In the envisaged market scenario, the customer’s agent (load) attempts to get the best value for money and minimize costs and the seller’s (generator) agent attempts to maximize profit and minimize costs. The success of the agent technology depends heavily on inter-agent communication, agent architectures and agreed standards. In this paper we focus more on how these latter issues are addressed theoretically and practically and less on complex agent trading behaviours.