Title :
Modelling the new balancing regime of the natural gas market in the Netherlands
Author :
Bucura, Catalin ; Chmieliauskas, Alfredas ; Lukszo, Zofia ; Dijkema, Gerard P J
Author_Institution :
Fac. of Technol., Policy & Manage., Delft Univ. of Technol., Delft, Netherlands
Abstract :
The functioning of the new balancing regime of the natural gas market in the Netherlands is explored using an agent-based model. The operation of the new regime is simulated to determine the total imbalance of the gas system, the participants cash flows and the price emerging in the balancing market. Calculating the progression of these variables allows for an ex-ante assessment of the efficiency of the incentive scheme proposed by the new balancing regime and its social cost. Through such modeling and simulation a good understanding of the consequences of the new regime is obtained. The agent-based model design allows for future enhancements to address a broader set of research questions related the operation of the liberalized Dutch gas market.
Keywords :
costing; incentive schemes; multi-agent systems; natural gas technology; Netherlands; agent based model; balancing market; balancing regime modelling; cash flows; ex-ante assessment; incentive scheme; liberalized Dutch gas market; natural gas market; social cost; Companies; Contracts; Industries; Natural gas; Ontologies; Portfolios; Power line communications;
Conference_Titel :
Networking, Sensing and Control (ICNSC), 2011 IEEE International Conference on
Conference_Location :
Delft
Print_ISBN :
978-1-4244-9570-2
DOI :
10.1109/ICNSC.2011.5874925
