A Catallaxy-based market mechanism for power balancing

In this paper a Catallaxy-based market mechanism is proposed for power balancing algorithms. Here, all market participants are self-organizing and coordinate themselves without any central control. This approach is highly flexible allowing for different types of negotiations on different time scales. For application in power systems we present a two-tier approach, where energy brokers assemble complex load profiles for customers. A distributed control algorithm is presented to match power demand and supply. This example shows the functionality of a free market design.