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Author(s): Felipe Alves Calabria
João Tomé Saraiva
Ana Paula Rocha
Title: A virtual reservoir electricity market design applied to the Brazilian system using an Agent Based Model
Issue Date: 2015
Abstract: This paper discusses the current Brazilian electricitymarket, brings out some dilemmas that should be examined inorder to implement a more market-oriented approach, anddescribes a new market design to overcome these issues. Theproposed market design is based on virtual reservoirs and aimsat enhancing the flexibility to enable market participants tocomply with their contracts, while still ensuring the efficient useof the water and maintaining the current level of the security ofsupply. In addition, to simulate the behavior of the marketparticipants in this new framework, an Agent-Based Model -ABM where agents use reinforcement Q-Learning - is developedand applied to a case study that includes a centralized dispatchas currently exists in Brazil. The results obtained so far showthat this new design is suitable to allow hydros managing theircommercial contract commitments with extra flexibility.
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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