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dc.creatorFelipe Alves Calabria
dc.creatorJoão Tomé Saraiva
dc.creatorAna Paula Rocha
dc.description.abstractThis paper discusses the current Brazilian electricity market, brings out some dilemmas that should be examined in order to implement a more market-oriented approach, and describes a new market design to overcome these issues. The proposed market design is based on 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 water and maintaining the current level of the security of supply. In addition, 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 and applied to a case study that includes a centralized dispatch as currently exists in Brazil. The results obtained so far show that this new design is suitable to allow hydros managing their commercial contract commitments with extra flexibility.
dc.relation.ispartofEEM 2015
dc.subjectEngenharia electrotécnica, Engenharia electrotécnica, electrónica e informática
dc.subjectElectrical engineering, Electrical engineering, Electronic engineering, Information engineering
dc.titleA virtual reservoir electricity market design applied to the Brazilian system using an Agent Based Model
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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