A Multi-Agent Based Simulator for Strategic Bidding in Day Ahead Energy Market

Countries all around the globe are continuing to restructure their energy markets in various ways. To deal with electricity market challenges, a flexible simulation platform is very important to maintain synchronization between market structure and market players and their behavior. So, for this purpose, in this paper, a new simulation tool based on Multi-Agent System (MAS) is proposed which not only provide us help in evaluating existing market regulations but also provide assistance in exploring and testing novel market designs before their implementation. This proposed system works in three phases of estimation, control & action with real time monitoring. To test the applicability of proposed MAS, the framework is implied on two test cases of Power System. The investigations demonstrate the adaptability of proposed MAS which empowers the agents to give profitable bids, modified generator cost characteristics with maximum profit