Automated combination of bilateral energy contracts negotiation tactics

This paper addresses the theme automated bilateral negotiation of energy contracts. In this work, the automatic combination between different negotiation tactics is proposed. This combination is done dynamically throughout the negotiation process, as result from the online assessment that is performed after each proposal and counter-proposal. The proposed method is integrated in a decision support system for bilateral negotiations, called Decision Support for Energy Contracts Negotiations (DECON), which in turn is integrated with the Multi-Agent Simulator of Competitive Electricity Markets (MASCEM). This integration enables testing and validating the proposed methodology in a realistic market negotiation environment. A case study is presented, demonstrating the advantages of the proposed approach