System Design and Experimental Method of an Integrated Power Market Simulation System

Many challenging and new issues arise in China´s power market process. In this paper the general and specific characteristics of power market research are analyzed and an integrated simulation system (IPMSS) based on experimental economics (EE) and agent-based computational economics (ACE) is designed. Further works include proposing a hybrid experimental method of experimenter and agent, and carrying out with different power market models configured under three experimental approaches. The IPMSS applies a hybrid mode of B/S and C/S with three layers: Client program/Web browser, application server and database server, which has a robust architecture of data communication and simulation interaction. There are three roles administrator, trainer and trainee, and all experimental process are strictly controlled. The real power market operation scenario is vividly reproduced by the flexible setting of experimental parameters and the visual experimental results. At last a regional power system is taken as an example to verify the feasibility and validity of the proposed simulation system.