“…The PowerMatcher uses a combination of multiagent systems technology with distributed algorithms and electronic markets to form an appropriate technology needed for control and coordination tasks in the future electricity network (see figure 2.4). Figure 2.4 Model of the PowerMatcher using the market-based control concept and MAS technology (Kok et al, 2005;Pechoucek et al, 2006) In this system, a local agent represents each device, which performs two jobs: (i) operating the device process in an economically optimal way within the system's constraints and (ii) negotiating their electricity consumption or production on an electronic exchange market. The resulting market price determines the power volume allocated to each device.…”