Trust model for a multi-agent based simulation of local energy markets

Abstract

This paper explores the concept of the Local Energy Market and, in particular, the need for Trust in the negotiations necessary for this type of market. A multi-agent system is implemented to simulate the Local Energy Market, and a Trust model is proposed to evaluate the proposals sent by the participants, based on forecasting mechanisms that try to predict the expected behavior of the participant. A case study is carried out with several participants who submit false negotiation proposals to assess the ability of the proposed Trust model to correctly evaluate these participants. The results obtained demonstrate that such an approach has the potential to meet the needs of the local market.