An Effective Broker for the Power TAC 2014

Jasper Hoogland, Han La Poutré

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-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 languageEnglish
Title of host publicationAgent-Mediated Electronic Commerce. Designing Trading Strategies and Mechanisms for Electronic Markets
Subtitle of host publicationAMEC/TADA 2015, Istanbul, Turkey, May 4, 2015, and AMEC/TADA 2016, New York, NY, USA, July 10, 2016, Revised Selected Papers
EditorsS. Ceppi, E. David, C. Hajaj, V. Robu, I.A. Vetsikas
PublisherSpringer
Pages66-80
Number of pages15
ISBN (Electronic)978-3-319-54229-4
ISBN (Print)978-3-319-54228-7
DOIs
Publication statusPublished - 2017

Publication series

NameLecture Notes in Business Information Processing
Volume271
ISSN (Print)1865-1348

Keywords

  • Expense
  • Maxon

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