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This paper introduces a novel spatial interaction model to explore the decision-making processes of a resource allocator and local agents, with central and local governments serving as empirical representations. The model captures two key…

Econometrics · Economics 2025-07-02 Hanbat Jeong

With the increasing penetration of renewable energy resources, power systems face new challenges in balancing power supply and demand and maintaining the nominal frequency. This paper studies load control to handle these challenges. In…

Optimization and Control · Mathematics 2020-04-17 Xin Chen , Changhong Zhao , Na Li

We consider the dynamics and the interactions of multiple reinforcement learning optimal execution trading agents interacting with a reactive Agent-Based Model (ABM) of a financial market in event time. The model represents a market ecology…

Trading and Market Microstructure · Quantitative Finance 2024-08-15 Matthew Dicks , Andrew Paskaramoorthy , Tim Gebbie

Improvements in the area of large language models have shifted towards the construction of models capable of using external tools and interpreting their outputs. These so-called web agents have the ability to interact autonomously with the…

Artificial Intelligence · Computer Science 2025-02-26 Lars Krupp , Daniel Geißler , Paul Lukowicz , Jakob Karolus

Energy market rules should incentivize market participants to behave in a market and grid conform way. However, they can also provide incentives for undesired and unexpected strategies if the market design is flawed. Multi-agent…

Systems and Control · Electrical Eng. & Systems 2023-11-02 Thomas Wolgast , Astrid Nieße

In response to the urban heat island effects and building energy demands in Singapore, this study proposes an agentic AI-enabled reasoning framework that integrates large language models (LLMs) with lightweight physics-based models. Through…

Multiagent Systems · Computer Science 2026-04-24 Po-Yen Lai , Xinyu Yang , Derrick Low , Huizhe Liu , Jian Cheng Wong

In smart energy communities, prosumers who both generate and consume energy play a crucial role in shaping energy management strategies. These communities use advanced platforms that enable prosumers to actively engage in the local…

Computational Engineering, Finance, and Science · Computer Science 2024-05-06 Atefeh Alirezazadeh , Vahid Disfani

In this paper, multi-agent reinforcement learning is used to control a hybrid energy storage system working collaboratively to reduce the energy costs of a microgrid through maximising the value of renewable energy and trading. The agents…

Multiagent Systems · Computer Science 2021-12-07 Daniel J. B. Harrold , Jun Cao , Zhong Fan

Under transactive (market-based) coordination, a population of distributed energy resources (DERs), such as thermostatically controlled loads (TCLs) and storage devices, bid into an energy market. Consequently, a certain level of demand…

Systems and Control · Computer Science 2018-10-04 Md Salman Nazir , Ian A. Hiskens

As the adoption of distributed energy resources grows, power systems are becoming increasingly complex and vulnerable to disruptions, such as natural disasters and cyber-physical threats. Peer-to-peer (P2P) energy markets offer a practical…

Systems and Control · Electrical Eng. & Systems 2024-12-03 Hamed Haggi , Wei Sun

The rapid development of agentic artificial intelligence (AI) is driving future wireless networks to evolve from passive data pipes into intelligent collaborative ecosystems under the emerging paradigm of integrated learning and…

Networking and Internet Architecture · Computer Science 2026-04-06 Zhouxiang Zhao , Jiaxiang Wang , Zhaohui Yang , Kun Yang , Zhaoyang Zhang , Mingzhe Chen , Kaibin Huang

Peer-to-peer (P2P) trading is increasingly recognized as a key mechanism for decentralized market regulation, yet existing approaches often lack robust frameworks to ensure fairness. This paper presents FairMarket-RL, a novel hybrid…

Machine Learning · Computer Science 2025-07-01 Shrenik Jadhav , Birva Sevak , Srijita Das , Akhtar Hussain , Wencong Su , Van-Hai Bui

Time series forecasting is not just numerical extrapolation, but often requires reasoning with unstructured contextual data such as news or events. While specialized Time Series Foundation Models (TSFMs) excel at forecasting based on…

Considering the sequential clearing of energy and reserves in Europe, enabling inter-area reserve exchange requires optimally allocating inter-area transmission capacities between these two markets. To achieve this, we provide a…

Optimization and Control · Mathematics 2021-07-14 Orcun Karaca , Stefanos Delikaraoglou , Maryam Kamgarpour

Markets are a promising way to coordinate AI agent activity for similar reasons to those used to justify markets more broadly. In order to effectively participate in markets, agents need to have informative signals of their own ability to…

Artificial Intelligence · Computer Science 2026-04-28 Andrey Fradkin , Rohit Krishnan

Transmission expansion planning in electricity markets is tightly coupled with the strategic bidding behaviors of generation companies. This paper proposes a Reinforcement Learning (RL)-based co-optimization framework that simultaneously…

Systems and Control · Electrical Eng. & Systems 2026-02-24 Tomonari Kanazawa , Hikaru Hoshino , Eiko Furutani

As multi-microgrids become readily available, some limited models have been proposed that study operational and power quality constraints with local energy markets independently. This paper proposes a convex optimization model of an energy…

Systems and Control · Electrical Eng. & Systems 2022-12-06 Johanna Castellanos , Carlos Adrian Correa-Florez , Alejandro Garcés , Gabriel Ordóñez-Plata , César A. Uribe , Diego Patino

Significant progress has been made in automated problem-solving using societies of agents powered by large language models (LLMs). In finance, efforts have largely focused on single-agent systems handling specific tasks or multi-agent…

Trading and Market Microstructure · Quantitative Finance 2025-06-04 Yijia Xiao , Edward Sun , Di Luo , Wei Wang

Large deployment of distribute energy resources and the increasing awareness of end-users towards their energy procurement are challenging current practices of electricity markets. A change of paradigm, from a top-down hierarchical approach…

Optimization and Control · Mathematics 2020-09-18 Fabio Moret , Andrea Tosatto , Thomas Baroche , Pierre Pinson

A distributed, hierarchical, market based approach is introduced to solve the economic dispatch problem. The approach requires only a minimal amount of information to be shared between a central market operator and the end-users. Price…

Multiagent Systems · Computer Science 2020-09-07 Cornelis Jan van Leeuwen , Joost Stam , Arun Subramanian , Koen Kok