Towards an electricity market simulator

An Agent-based Electricity Market Simulator

In a real electricity market, complete information of rivals’ behavior is not available to market participants. Therefore, they make their bidding strategies based on the historical information of the market clearing price. In this paper, a new market simulator is introduced for a joint energy and spinning reserve market, in which market participants’ learning process is modeled using Q-learnin...

JAVA based Power Trading Simulator in Electricity Market

The electricity market has been restructuring throughout the world for maximum utilisation of resources and the system is expended to maximise social welfare. Economic gains based on regional cooperation in the energy sector have become a firmly established practice across the world. In this paper we have proposed a JAVA based power trading simulator that will estimate market clearing price. A ...

NEMSIM: Agent-based Simulator for Australia's National Electricity Market

NEMSIM is an agent-based simulation model under development that represents Australia's National Electricity Market (NEM) as an evolving system of complex interactions between human behaviour in markets, technical infrastructures and the natural environment. Users of NEMSIM will be able to explore various evolutionary pathways of the NEM under different assumptions about trading and investment ...

Towards Standardization of Deregulated Electricity Market Communications

The separation of vertically integrated electric power utility in Nigeria into independent entities has opened up the requirement for information and data exchange among the new entities not only to guarantee the security and reliability of the power network, but also for accounting purposes. However, information exchange in highly heterogeneous computing environment poses a major difficulty du...

Towards a European Market of Electricity : Spot and Derivatives Trading