Electricity Markets Simulation: MASCEM Contributions to the Challenging Reality

Vale, Zita; Morais, H.; Pinto, Tiago; Praça, Isabel; Ramos, Carlos

http://hdl.handle.net/10400.22/1397

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Abstract(s)

Electricity Markets are not only a new reality but an evolving one as the involved players and rules change at a relatively high rate. Multi-agent simulation combined with Artificial Intelligence techniques may result in sophisticated tools very helpful under this context. Some simulation tools have already been developed, some of them very interesting. However, at the present state it is important to go a step forward in Electricity Markets simulators as this is crucial for facing changes in Power Systems. This paper explains the context and needs of electricity market simulation, describing the most important characteristics of available simulators. We present our work concerning MASCEM simulator, presenting its features as well as the improvements being made to accomplish the change and challenging reality of Electricity Markets.