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Author(s): João Tomé Saraiva
Felipe Alves Calabria
Ana Paula Rocha
Title: A design and simulation of a Brazilian bid based short-term electricity market
Issue Date: 2016-06-06
Abstract: In order to overcome a number of difficultiesdetected on the Brazilian electricity market this paper proposesand tests a bid based short-term market. To simulate thebehavior of the hydros in this new market, it was implementedan Agent-Based Model - ABM using the reinforcement QLearningalgorithm, Simulated Annealing, and linearprogramming. In the simulations we used real data from theBrazilian power system encompassing more than 98% of thetotal hydro installed capacity and three years of market data.The results indicate that the management of (virtual) reservoirscan be under the responsibility of each hydro, which could savewater according to their own risk perception, while it ismaintained the current efficiency and security levels. Resultsalso suggest that the final monthly short-term market prices cansubstantially decrease in comparison with the current prices.
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: 13th International Conference on the European Energy Market
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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