Simple and linear bids in multi-agent daily electricity markets: a preliminary report

Algarvio, Hugo; Lopes, Fernando; Santana, João

http://hdl.handle.net/10400.9/3094

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Autores

Algarvio, Hugo

Lopes, Fernando

Santana, João

Resumo(s)

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.

Palavras-chave

Electricity markets Wind power MATREM system Intelligent Systems

URI

http://hdl.handle.net/10400.9/3094

Citação

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