Multi-agent electricity market simulation with dynamic strategies & virtual power producers

Distributed energy resources will provide a significant amount of the electricity generation and will be a normal profitable business. In the new decentralized grid, customers will be among the many decentralized players and may even help to co-produce the required energy services such as demand-sid...

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Bibliographic Details
Main Author: Praça, Isabel (author)
Other Authors: Morais, H. (author), Ramos, Carlos (author), Vale, Zita (author), Khodr, H. M. (author)
Format: conferenceObject
Language:eng
Published: 2013
Subjects:
Online Access:http://hdl.handle.net/10400.22/1364
Country:Portugal
Oai:oai:recipp.ipp.pt:10400.22/1364
Description
Summary:Distributed energy resources will provide a significant amount of the electricity generation and will be a normal profitable business. In the new decentralized grid, customers will be among the many decentralized players and may even help to co-produce the required energy services such as demand-side management and load shedding. So, they will gain the opportunity to be more active market players. The aggregation of DG plants gives place to a new concept: the Virtual Power Producer (VPP). VPPs can reinforce the importance of these generation technologies making them valuable in electricity markets. In this paper we propose the improvement of MASCEM, a multi-agent simulation tool to study negotiations in electricity spot markets based on different market mechanisms and behavior strategies, in order to take account of decentralized players such as VPP.