Title :
Large scale simulations for electric energy markets
Author :
Fainti, Rafik ; Nasiakou, Antonia ; Tsoukalas, Eleftherios ; Vavalis, Manolis
Author_Institution :
Dept. of Electr. & Comput. Eng., Univ. of Thessaly, Volos, Greece
Abstract :
The aim of this paper is to present the design, an early proof-of-concept implementation and the preliminary experimentation of a simulation platform focused on holistic detailed studies of electric energy markets. The proposed platform allows us to elucidate issues related to the open and smart participation of producers and consumers on large scale e-markets. Based on an existing simulation system we present the theoretical studies, the enabling technologies, and the practical tools that contribute to the development of such a platform capable of truly large scale simulations that cover real life scenarios and stress most components and modules of next generation smart energy markets.
Keywords :
electronic commerce; power markets; power system simulation; electric energy markets; large scale e-markets; large scale simulation platform; next generation smart energy markets; Cities and towns; Educational institutions; Electricity supply industry; Engines; Home appliances; Power generation; Smart grids; Power Flow; Price Elasticity; Smart Energy; Smart Grid; e-Market;
Conference_Titel :
Information, Intelligence, Systems and Applications, IISA 2014, The 5th International Conference on
Conference_Location :
Chania
DOI :
10.1109/IISA.2014.6878814