DocumentCode
3234011
Title
The research about electricity market simulation based on intelligent agent-based algorithms
Author
Li Weigang ; Zhou Haiming ; Chen Naishi
Author_Institution
Dept. of Power Autom., China Electr. Power Res. Inst., Beijing, China
fYear
2012
fDate
18-20 Sept. 2012
Firstpage
1
Lastpage
4
Abstract
This system provides an approach to study the electricity market by means of simulation experiments. According to the released market bidding information, quotations are generated by intelligent agent-based algorithms. Bidding generation process of intelligent agent is a machine learning process. Usually, it simulates the bidding process by learning the bidding of the same trading processes repeatedly according to the market clearing results. Several simulation experiments of long-term energy trades are carried out on this system. And the results indicate that this system can simulate the actual market environment to a certain extent.
Keywords
learning (artificial intelligence); power markets; power system simulation; software agents; tendering; bidding generation process; electricity market; intelligent agent-based algorithms; long-term energy trades; machine learning process; market bidding information; market clearing results; quotations; simulation experiments; trading processes; Analytical models; Companies; Computational modeling; Electricity supply industry; Load modeling; Object oriented modeling; Power systems; Electricity market simulation; Intelligent Agent-based Algorithms; simulation experiments of long-term energy trades;
fLanguage
English
Publisher
ieee
Conference_Titel
Power Engineering and Automation Conference (PEAM), 2012 IEEE
Conference_Location
Wuhan
Print_ISBN
978-1-4577-1599-0
Type
conf
DOI
10.1109/PEAM.2012.6612522
Filename
6612522
Link To Document