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Author(s): José Carlos Sousa
João Tomé Saraiva
Title: Simulation of the operation of hydro plants in an electricity market using Agent-Based Models
Issue Date: 2015
Abstract: The optimization and simulation of power systemscontinues to be an area of concern for electricity companies andresearchers worldwide namely considering the development ofelectricity markets and competition in the generation activityTherefore generation companies are devoting an increasingattention to market issues justifying the development of modelsto help them preparing bidding strategies to the day-aheadmarket. In this context, agent-based models have been reportedas a complement to optimization and equilibrium models whenthe problem is too complex to be analyzed by traditionalapproaches. This paper details an Agent-Based Model for anelectricity market considering a detailed modeling for hydrostations and presents some preliminary results taking theIberian Electricity Market as an example.
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: EEM 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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