Title :
SREMS: a short-medium run electricity market simulator based on game theory and incorporating network constraints
Author_Institution :
CESI RICERCA S.p.A., Milan
Abstract :
This paper outlines the main features of SREMS, a short-medium run electricity market simulator based on game theory. Some original features are: a full description of markets zonal structure and an original unit commitment algorithm trying to reproduce GenCos´ real operative behavior.
Keywords :
game theory; power generation dispatch; power generation scheduling; power markets; GenCos; game theory; network constraints; short-medium run electricity market simulator; unit commitment algorithm; zonal structure; Closed-form solution; Constraint optimization; Constraint theory; Cost function; Dispatching; Electricity supply industry; Game theory; Linear approximation; Production; Reservoirs; electricity markets; game theory; medium run simulator; strategic bidding;
Conference_Titel :
Power Tech, 2007 IEEE Lausanne
Conference_Location :
Lausanne
Print_ISBN :
978-1-4244-2189-3
Electronic_ISBN :
978-1-4244-2190-9
DOI :
10.1109/PCT.2007.4538420
