A new electricity market design for power systems with large share of hydro: improving flexibility and ensuring efficiency and security in the Brazilian case

• Type: Article in International Conference Proceedings Book
• Date: 2015

Authors

Felipe Alves Calabria (Author) FEUP; João Tomé Saraiva (Author) FEUP; Ana Paula Rocha (Author) FEUP

Conference proceedings International

Title: IEEE Power Tech Eindhoven 2015

Pages: 1-6

IEEE Power Tech Eindhoven 2015

Eindhoven, 29 de Junho a 2 de Julho de 2015

Indexing

ISI Proceedings

ISI Web of Knowledge - 1 Citation

ISI Web of Science

Scopus - 2 Citations

INSPEC

Scientific classification

FOS: Engineering and technology > Electrical engineering, Electronic engineering, Information engineering

CORDIS: Technological sciences > Engineering > Electrical engineering

Other information

Authenticus ID: P-00K-W6M

DOI: 10.1109/PTC.2015.7232314

Abstract (EN): This paper discusses some problems related with the current Brazilian electricity market, brings out some dilemmas that should be examined in order to implement a more market oriented approach, and proposes a new market design to overcome these issues. The proposed market design is based on the concept of energy right accounts as virtual reservoirs and aims at enhancing the flexibility to enable market participants to comply with their contracts, while still ensuring the efficient use of the energy resources and maintaining the current security supply level. In addition, in order to simulate the behavior of the market participants in this new framework, an Agent-Based Model - ABM where agents use reinforcement Q-Learning is developed for the study case. The results show that this new market design is suitable to be applied to hydrothermal systems having a large share of hydros.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6