Multi-agent System for Short and Long-term Power Market Simulations
نویسندگان
چکیده
In this paper we give an overview of the Electricity Market Complex Adaptive System (EMCAS) model. EMCAS uses the agent-based modeling and simulation (ABMS) technique to model the market participants in electricity markets as different agents with different strategies, risk preferences, and objectives. The complex operations of an electricity market can be simulated across several time horizons from day-ahead scheduling to longterm expansion planning. The methodology used in the model is discussed and a central European case is utilized to illustrate how EMCAS can be used to analyze a power system’s operation under various assumptions. The results show the effectiveness of the model, and how the ABMS approach allows the testing of different market conditions.
منابع مشابه
Optimal Short-Term Generation Scheduling with Multi-Agent System under a Deregulated Power Market
With the opening of the power industry to competition, the power system structure is changing. According to these changes, power system operation, planning, and control need modifications. Under this deregulated power market, generation companies (GENCOs) can schedule their generators to maximize their own profit without accurately satisfying system demand/reserve, which is a traditional short-...
متن کاملCongestion Management in Electricity Markets Using Demand Response Programs and Series FACTS Devices
In today’s restructured environment, congestion management plays an essential role in power system operation. Different methods are presented and discussed in this respect for congestion management in short-term and long-term intervals. It is attempted in the present paper to investigate the impact mechanism of FACTS devices and demand response programs together with generation re-dispatch as s...
متن کاملTransition in Iran’s Electricity Market Considering the Policies on Elimination of Electricity Subsidies: System Dynamics Application
Because of electricity subsidies, electricity price in Iran is much lower than its real value, and the growth of electricity demand is much more than its rational rate, which in turn implies ever increasing investment in the electricity section by the Government. Therefore, the recent Government policies are based on elimination of electricity subsidies, followed by commissioning complete elect...
متن کاملOptimal Short-Term Scheduling of Multi-Chiller Plants Considering Energy Requirement of Cooling Towers, Pumps and Chillers
During extremely hot summer days, air conditioning systems are known as major electricity consumers in residential, commercial and industrial sectors. Moreover, high energy requirement of multiple-chiller plants may cause an interconnected power grid be faced with annual on-peak electrical demand, load-generation mismatch, voltage collapse and catastrophic wide area blackout. Therefore, this pa...
متن کاملAnalyzing Impacts of FACTS Devices in Dealing with Short-Term and Long-Term Wind Turbine Faults
More than one hundred countries are using wind energy due to their easy implementation, cheap energy, and high energy efficiency. Implementation of FACTS devices in Wind Energy Conversion Systems (WECS) has been dramatically improved due to cooperative and accurate performance of FACTS devices. However, dealing with wind turbine faults promptly is crucial. Short-term and long-term faults may ha...
متن کامل