Multi-agent systems and electricity markets: State-of-the-art and the future

This is a summary of the presentation in the panel session, ldquoAgent-Based Test Beds for Restructured Electricity Marketsrdquo for the 2008 IEEE PES General Meeting. The multi-agent system concepts have been applied to power engineering in the areas of protection, defense system, diagnosis, control, distribution, etc. For electricity markets, multi-agent models have been used for analysis of gaming, learning, and decision support. In this presentation, the panelist will provide a review of the state of the art. For the future, it is believed that a platform for the evaluation of multi-agent systems is critically needed in order to gain further insights into the performance of suppliers, load serving entities, market operators and market rules. Simulation examples of the agent learning behavior using the Java Agent DEvelopment Framework (JADE) platform will be provided.