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Author(s): Felipe Alves Calabria
João Tomé Saraiva
Ana Paula Rocha
Title: A new electricity market design for power systems with large share of hydro: improving flexibility and ensuring efficiency and security in the Brazilian case
Issue Date: 2015
Abstract: This paper discusses some problems related with thecurrent Brazilian electricity market, brings out some dilemmasthat should be examined in order to implement a more marketoriented approach, and proposes a new market design toovercome these issues. The proposed market design is based onthe concept of energy right accounts as virtual reservoirs andaims at enhancing the flexibility to enable market participants tocomply with their contracts, while still ensuring the efficient useof the energy resources and maintaining the current securitysupply level. In addition, in order to simulate the behavior of themarket participants in this new framework, an Agent-BasedModel - ABM where agents use reinforcement Q-Learning isdeveloped for the study case. The results show that this newmarket design is suitable to be applied to hydrothermal systemshaving a large share of hydros.
Subject: Engenharia electrotécnica, Engenharia electrotécnica, electrónica e informática
Electrical engineering, Electrical engineering, Electronic engineering, Information engineering
Scientific areas: Ciências da engenharia e tecnologias::Engenharia electrotécnica, electrónica e informática
Engineering and technology::Electrical engineering, Electronic engineering, Information engineering
Source: IEEE Power Tech Eindhoven 2015
Document Type: Artigo em Livro de Atas de Conferência Internacional
Rights: openAccess
Appears in Collections:FEUP - Artigo em Livro de Atas de Conferência Internacional

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