Energy Contract Settlements through Automated Negotiation in Residential Cooperatives

  title={Energy Contract Settlements through Automated Negotiation in Residential Cooperatives},
  author={Shantanu Chakraborty and Tim Baarslag and Michael Kaisers},
  journal={2018 IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids (SmartGridComm)},
  • S. ChakrabortyT. BaarslagM. Kaisers
  • Published 28 July 2018
  • Engineering
  • 2018 IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids (SmartGridComm)
This paper presents an automated peer-to-peer (P2P) negotiation strategy for settling energy contracts among prosumers in a Residential Energy Cooperative (REC) considering heterogeneous prosumer preferences. The heterogeneity arises from prosumers' evaluation of energy contracts through multiple societal and environmental criteria and the prosumers' private preferences over those criteria. The prosumers engage in bilateral negotiations with peers to mutually agree on periodical energy… 

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