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Reserve costs allocation model for energy and reserve market simulation

2017Conference object Open access
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dc.contributor.authorPinto, Tiago
dc.contributor.authorGazafroudi, Amin Shokri
dc.contributor.authorPrieto-Castrillo, Francisco
dc.contributor.authorSantos, Gabriel
dc.contributor.authorSilva, Francisco
dc.contributor.authorCorchado, Juan Manuel
dc.contributor.authorVale, Zita
dc.date.accessioned2021-03-10T17:33:11Z
dc.date.available2021-03-10T17:33:11Z
dc.date.issued2017
dc.description.abstractThis paper proposes a new model to allocate reserve costs among the involved players, considering the characteristics of the several entities, and the particular circumstances at each moment. The proposed model is integrated in the Multi-Agent Simulator of Competitive Electricity Markets (MASCEM), which enables complementing the multi-agent simulation of diverse electricity market models, by including the joint simulation of energy and reserve markets. In this context, the proposed model allows allocating the payment of reserve costs that result from the reserve market. A simulation based on real data from the Iberian electricity market - MIBEL, is presented. Simulation results show the advantages of the proposed model in sharing the reserve costs fairly and accordingly to the different circumstances. This work thus contributes the study of novel market models towards the evolution of power and energy systems by adapting current models to the new paradigm of high penetration of renewable energy generation.pt_PT
dc.description.sponsorshipThis work has received funding from the European Union's Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No 641794 (project DREAM-GO) and a grant agreement No 703689 (project ADAPT); and from FEDER Funds through COMPETE program and from National Funds through FCT under the project UID/EEA/00760/2013pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.1109/ISAP.2017.8071410pt_PT
dc.identifier.isbn978-1-5090-4000-1
dc.identifier.urihttp://hdl.handle.net/10400.22/17398
dc.language.isoengpt_PT
dc.publisherIEEEpt_PT
dc.relationEnabling Demand Response for short and real-time Efficient And Market Based smart Grid Operation - An intelligent and real-time simulation approach
dc.relationAdaptive Decision support for Agents negotiation in electricity market and smart grid Power Transactions
dc.relation.publisherversionhttps://ieeexplore.ieee.org/document/8071410pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/pt_PT
dc.subjectElectricity marketspt_PT
dc.subjectMIBELpt_PT
dc.subjectMulti-agent Simulationpt_PT
dc.subjectReserve costs allocationpt_PT
dc.titleReserve costs allocation model for energy and reserve market simulationpt_PT
dc.typeconference object
dspace.entity.typePublication
oaire.awardTitleEnabling Demand Response for short and real-time Efficient And Market Based smart Grid Operation - An intelligent and real-time simulation approach
oaire.awardTitleAdaptive Decision support for Agents negotiation in electricity market and smart grid Power Transactions
oaire.awardURIinfo:eu-repo/grantAgreement/EC/H2020/641794/EU
oaire.awardURIinfo:eu-repo/grantAgreement/EC/H2020/703689/EU
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/5876/UID%2FEEA%2F00760%2F2013/PT
oaire.citation.conferencePlaceSan Antonio, TX, USApt_PT
oaire.citation.endPage6pt_PT
oaire.citation.startPage1pt_PT
oaire.citation.title19th International Conference on Intelligent System Application to Power Systems (ISAP)pt_PT
oaire.fundingStreamH2020
oaire.fundingStreamH2020
oaire.fundingStream5876
person.familyNamePinto
person.familyNameSantos
person.familyNameSilva
person.familyNameVale
person.givenNameTiago
person.givenNameGabriel
person.givenNameFrancisco
person.givenNameZita
person.identifierR-000-T7J
person.identifier632184
person.identifier.ciencia-id2414-9B03-C4BB
person.identifier.ciencia-id1413-B9E5-12BE
person.identifier.ciencia-id721B-B0EB-7141
person.identifier.orcid0000-0001-8248-080X
person.identifier.orcid0000-0001-8839-8807
person.identifier.orcid0000-0003-4551-6732
person.identifier.orcid0000-0002-4560-9544
person.identifier.ridT-2245-2018
person.identifier.ridH-7012-2018
person.identifier.ridA-5824-2012
person.identifier.scopus-author-id35219107600
person.identifier.scopus-author-id48761868500
person.identifier.scopus-author-id56234082600
person.identifier.scopus-author-id7004115775
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameEuropean Commission
project.funder.nameEuropean Commission
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspt_PT
rcaap.typeconferenceObjectpt_PT
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