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dc.creatorFelipe Alves Calabria
dc.creatorJoão Tomé Saraiva
dc.creatorAna Paula Rocha
dc.description.abstractThis 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.
dc.relation.ispartofIEEE Power Tech Eindhoven 2015
dc.subjectEngenharia electrotécnica, Engenharia electrotécnica, electrónica e informática
dc.subjectElectrical engineering, Electrical engineering, Electronic engineering, Information engineering
dc.titleA new electricity market design for power systems with large share of hydro: improving flexibility and ensuring efficiency and security in the Brazilian case
dc.typeArtigo em Livro de Atas de Conferência Internacional
dc.contributor.uportoFaculdade de Engenharia
dc.subject.fosCiências da engenharia e tecnologias::Engenharia electrotécnica, electrónica e informática
dc.subject.fosEngineering and technology::Electrical engineering, Electronic engineering, Information engineering
Appears in Collections:FEUP - Artigo em Livro de Atas de Conferência Internacional

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