Electricity market and renewable energy integration: An agent-based conceptual model

• Type: Article in International Conference Proceedings Book
• Date: 2013

Authors

José Carlos Sousa (Author) FEUP; Zafeiris Kokkinogenis (Author) FEUP; Rosaldo J. F. Rossetti (Author) FEUP; João Tomé Saraiva (Author) FEUP

Conference proceedings International

Title: 1st International Workshop on Simulation for Energy, Sustainable Development and Environment, SESDE 2013, Held at the International Multidisciplinary Modeling and Simulation Multiconference, I3M 2013

Pages: 101-108

1st International Workshop on Simulation for Energy, Sustainable Development and Environment, SESDE 2013, Held at the International Multidisciplinary Modeling and Simulation Multiconference, I3M 2013

Athens, 25 September 2013 through 27 September 2013

Indexing

ISI Web of Science

Scopus - 6 Citations

Scientific classification

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

CORDIS: Technological sciences > Engineering > Electrical engineering

Other information

Authenticus ID: P-009-CK5

Abstract (EN): The emergence of electricity markets and the opportunities consequently created have radically modified the operation planning activities of Power Systems. As direct result, there is the need for developing new methods to meet in an efficient way the requirements of generation companies, so to respond adequately to new challenges such as market competition. Agent-based models have been proposed in the literature as surrogate to equilibrium models when the problem is too complex to be addressed within a traditional equilibrium framework. Driven by this trend, this paper discusses and proposes a conceptual model following the agent paradigm that deals with the inherent complexity of electricity markets. The devised model proved to be robust enough to represent key features of our study domain and is ready to be actually developed in a computational tool to help generation companies to build their short-medium term operation decisions in a more sounded and robust way.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 8