Market Simulations
نویسنده
چکیده
Supply and demand for electricity show conciderable fluctuations with season and time of day. Novel market-based methods for supply – demand matching are currently investigated in a European project. This report covers a first set of simulations using the Consec algorithm on the time-scale of day-ahead power markets. Furthermore it describes simulations under preparation within the project. The main purpose of the first simulations was to test the algorithm against the simulation setup. The results verify that a market based on the Consec mechanism works properly and that the algorithm handles the market efficiently.
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