Simulation of the operation of hydro plants in an electricity market using Agent-Based Models

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

Authors

José Carlos Sousa (Author) FEUP; João Tomé Saraiva (Author) FEUP

Conference proceedings International

Title: EEM 2015

Pages: 1-5

12th International Conference on the European Energy Market

Lisboa, 19 a 22 de Maio de 2015

Indexing

ISI Proceedings

ISI Web of Knowledge - 0 Citations

ISI Web of Science

Scopus - 5 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-2T4

DOI: 10.1109/EEM.2015.7216618

Abstract (EN): The optimization and simulation of power systems continues to be an area of concern for electricity companies and researchers worldwide namely considering the development of electricity markets and competition in the generation activity Therefore generation companies are devoting an increasing attention to market issues justifying the development of models to help them preparing bidding strategies to the day-ahead market. In this context, agent-based models have been reported as a complement to optimization and equilibrium models when the problem is too complex to be analyzed by traditional approaches. This paper details an Agent-Based Model for an electricity market considering a detailed modeling for hydro stations and presents some preliminary results taking the Iberian Electricity Market as an example.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 5