Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.22/1416
Título: MASCEM: electricity markets simulation with strategic agents
Autor: Vale, Zita
Pinto, Tiago
Praça, Isabel
Morais, H.
Palavras-chave: MASCEM
Electricity markets
Data: 2011
Editora: IEEE
Relatório da Série N.º: IEEE Intelligent Systems; Vol. 26, Issue 2
Resumo: Electricity markets are complex environments, involving numerous entities trying to obtain the best advantages and profits while limited by power-network characteristics and constraints.1 The restructuring and consequent deregulation of electricity markets introduced a new economic dimension to the power industry. Some observers have criticized the restructuring process, however, because it has failed to improve market efficiency and has complicated the assurance of reliability and fairness of operations. To study and understand this type of market, we developed the Multiagent Simulator of Competitive Electricity Markets (MASCEM) platform based on multiagent simulation. The MASCEM multiagent model includes players with strategies for bid definition, acting in forward, day-ahead, and balancing markets and considering both simple and complex bids. Our goal with MASCEM was to simulate as many market models and player types as possible. This approach makes MASCEM both a short- and mediumterm simulation as well as a tool to support long-term decisions, such as those taken by regulators. This article proposes a new methodology integrated in MASCEM for bid definition in electricity markets. This methodology uses reinforcement learning algorithms to let players perceive changes in the environment, thus helping them react to the dynamic environment and adapt their bids accordingly.
URI: http://hdl.handle.net/10400.22/1416
ISSN: 1541-1672
Versão do Editor: http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=5696716
Aparece nas colecções:ISEP – GECAD – Artigos

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