Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.9/3094
Title: Simple and linear bids in multi-agent daily electricity markets: a preliminary report
Author: Algarvio, Hugo
Lopes, Fernando
Santana, João
Keywords: Electricity markets
Wind power
MATREM system
Intelligent Systems
Issue Date: 2018
Publisher: Springer, Cham
Citation: Algarvio, H.; Lopes, F.; Santana, J. - Simple and linear bids in multi-agent daily electricity markets: a preliminary report. In: De La Prieta, F.; Omatu, S., Fernández-Caballero, A. (eds), Distributed Computing and Artificial Intelligence, 15th International Conference. DCAI 2018. Advances in Intelligent Systems and Computing, Vol. 800, p. 196-203
Series/Report no.: Book series, Advances in Intelligent Systems and Computing;Volume 800
Abstract: ABSTRACT: Variable generation (VG) has several unique characteristics compared to those of traditional thermal and hydro-power plants, notably significant fixed capital costs, but near-zero or zero variable production costs. Increasing the penetration of VG tend to reduce energy prices over time, increase the occurrence of zero or negatively priced periods, and reduce the cleared energy levels of existing plants. This paper presents an overview of an agent-based system, called MATREM, to simulate electricity markets. Special attention is devoted to a case study that aims at analyzing the behavior of a simulated day-ahead market in situations with increasing levels of wind generation, and also comparing market schedules and prices in situations involving either simple and linear bids.
Peer review: yes
URI: http://hdl.handle.net/10400.9/3094
ISBN: 978-3-319-94648-1
Publisher Version: https://doi.org/10.1007/978-3-319-94649-8_24
Appears in Collections:ISE - Comunicações em actas de encontros científicos internacionais

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