A design and simulation of a Brazilian bid based short-term electricity market

• Tipo: Artigo em Livro de Atas de Conferência Internacional
• Data: 2016-06-06

Autores

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

Ata de Conferência Internacional

Título: 13th International Conference on the European Energy Market

Páginas: 1-5

Indexação

ISI Web of Knowledge

ISI Web of Science

Scopus

INSPEC

Classificação Científica

FOS: Ciências da engenharia e tecnologias > Engenharia electrotécnica, electrónica e informática

CORDIS: Ciências Tecnológicas > Engenharia > Engenharia electrotécnica

Outras Informações

DOI: 10.1109/EEM.2016.7521263

Abstract (EN): In order to overcome a number of difficulties detected on the Brazilian electricity market this paper proposes and tests a bid based short-term market. To simulate the behavior of the hydros in this new market, it was implemented an Agent-Based Model - ABM using the reinforcement QLearning algorithm, Simulated Annealing, and linear programming. In the simulations we used real data from the Brazilian power system encompassing more than 98% of the total hydro installed capacity and three years of market data. The results indicate that the management of (virtual) reservoirs can be under the responsibility of each hydro, which could save water according to their own risk perception, while it is maintained the current efficiency and security levels. Results also suggest that the final monthly short-term market prices can substantially decrease in comparison with the current prices.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 5