Energy and ancillary services joint market simulation

Author

Soares, T. ; Morais, H. ; Canizes, Bruno ; Vale, Zita

Author_Institution

Knowledge Eng. & Decision Support Res. Center (GECAD), Inst. of Eng. - Polytech. of Porto (ISEP/IPP), Porto, Portugal

fYear

2011

fDate

25-27 May 2011

Firstpage

262

Lastpage

267

Abstract

In order to develop a flexible simulator, a variety of models for Ancillary Services (AS) negotiation has been implemented in MASCEM - a multi-agent system competitive electricity markets simulator. In some of these models, the energy and the AS are addressed simultaneously while in other models they are addressed separately. This paper presents an energy and ancillary services joint market simulation. This paper proposes a deterministic approach for solving the energy and ancillary services joint market. A case study based on the dispatch of Regulation Down, Regulation Up, Spinning Reserve, and Non-Spinning Reserve services is used to demonstrate that the use of the developed methodology is suitable for solving this kind of optimization problem. The presented case study is based on CAISO real AS market data considers fifteen bids.

Keywords

deterministic algorithms; load regulation; multi-agent systems; optimisation; power engineering computing; power generation dispatch; power markets; AS market; CAISO; MASCEM; ancillary services; deterministic approach; electricity markets simulator; energy market; multi-agent system; non spinning reserve services; optimization; power dispatch; regulation down; regulation up; Adaptation models; Automatic generation control; Electricity supply industry; Equations; ISO; Joints; Spinning;

fLanguage

English

Publisher

ieee

Conference_Titel

Energy Market (EEM), 2011 8th International Conference on the European

Conference_Location

Zagreb

Print_ISBN

978-1-61284-285-1

Electronic_ISBN

978-1-61284-284-4

Type

conf

DOI

10.1109/EEM.2011.5953020

Filename

5953020