Power engineering lab: electricity market simulator

Author

Contreras, J. ; Conejo, A.J. ; de la Torre, Sebastian ; Muñoz, M.G.

Volume

3

fYear

2002

fDate

25-25 July 2002

Abstract

Summary form only given as follows. This paper presents a successful lab experience to teach pool-based electricity markets to power engineering students. Students are arranged in groups and assigned, at random, a set of generators. They play the role of power producers and compete against each other with the target of maximizing their own profits. The instructor plays the role of the market operator. A market simulator and a computer communication network make it possible to simulate the actual functioning of a pool-based electricity market. The elements that have made this educational experience successful are described and analyzed. Several case examples are discussed.

Keywords

computer aided instruction; digital simulation; power engineering computing; power engineering education; power markets; student experiments; Instructor; computer communication network; electricity market simulator; market operator; market simulator; pool-based electricity market; pool-based electricity markets; power engineering laboratory; power engineering students; power producers; profits maximisation; teaching; Communication networks; Computational modeling; Computer networks; Computer simulation; Electricity supply industry; Laboratories; Power engineering; Power engineering and energy; Power engineering computing; Student members;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society Summer Meeting, 2002 IEEE

Conference_Location

Chicago, IL, USA

Print_ISBN

0-7803-7518-1

Type

conf

DOI

10.1109/PESS.2002.1043636

Filename

1043636