Power TAC Research Articles

Autonomous Agents in Future Energy Markets: The 2012 Power Trading Agent Competition

Sustainable energy systems of the future will need more than efficient, clean, and low-cost energy sources. They will also need efficient price signals that motivate sustainable energy consumption behaviors and a tight real-time alignment of energy demand with supply from renewable and traditional sources. The Power Trading Agent Competition (Power TAC) is a rich, competitive, open-source simulation platform for future retail power markets built on real-world data and state-of-the-art customer models. Its purpose is to help researchers understand the dynamics of customer and retailer decision-making as well as the robustness of proposed market designs. Power TAC invites researchers to develop autonomous electricity broker agents and to pit them against best-in-class strategies in global competitions, the first of which will be held at AAAI 2013. Power TAC competitions provide compelling, actionable information for policy makers and industry leaders. We describe the competition scenario, demonstrate the realism of the Power TAC platform, and analyze key characteristics of successful brokers in one of our 2012 pilot competitions between seven research groups from five different countries.

Power TAC: A competitive economic simulation of the smart grid

Sustainable energy systems of the future will need more than efficient, clean, low-cost, renewable energy sources; they will also need efficient price signals that motivate sustainable energy consumption as well as a better real-time alignment of energy demand and supply. The Power Trading Agent Competition (Power TAC) is a rich competitive simulation of future retail power markets. This simulation will help us to understand the dynamics of customer and retailer decision-making and the robustness of market designs, by stimulating researchers to develop broker agents and benchmark them against each other. This will provide compelling, actionable information for policymakers and industry leaders. We describe the competition scenario in detail, and we demonstrate behaviors that arise from the interaction of customer and broker models.

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