Power engineering lab: electricity market simulator

Author

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

Author_Institution

Escuela Tecnica Superior de Ingenieros Industriales, Univ. de Castilla-La Mancha, Ciudad Real, Spain

Volume

17

Issue

2

fYear

2002

fDate

5/1/2002 12:00:00 AM

Firstpage

223

Lastpage

228

Abstract

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

digital simulation; electricity supply industry; power engineering education; student experiments; teaching; computer communication network; electricity market simulator; market operator; market simulator; pool-based electricity markets teaching; power engineering lab; power engineering students; power producers; Communication networks; Computational modeling; Computer networks; Computer simulation; Costs; Electricity supply industry; Power engineering; Power generation; Power system simulation; Production;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/TPWRS.2002.1007885

Filename

1007885