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Multi-agent simulation of competitive electricity markets: Autonomous systems cooperation for European market modeling

dc.contributor.authorSantos, Gabriel
dc.contributor.authorPinto, Tiago
dc.contributor.authorMorais, Hugo
dc.contributor.authorSousa, Tiago M.
dc.contributor.authorPereira, Ivo F.
dc.contributor.authorFernandes, Ricardo
dc.contributor.authorPraça, Isabel
dc.contributor.authorVale, Zita
dc.date.accessioned2016-01-07T16:02:46Z
dc.date.available2016-01-07T16:02:46Z
dc.date.issued2015-07
dc.description.abstractThe electricity market restructuring, and its worldwide evolution into regional and even continental scales, along with the increasing necessity for an adequate integration of renewable energy sources, is resulting in a rising complexity in power systems operation. Several power system simulators have been developed in recent years with the purpose of helping operators, regulators, and involved players to understand and deal with this complex and constantly changing environment. The main contribution of this paper is given by the integration of several electricity market and power system models, respecting to the reality of different countries. This integration is done through the development of an upper ontology which integrates the essential concepts necessary to interpret all the available information. The continuous development of Multi-Agent System for Competitive Electricity Markets platform provides the means for the exemplification of the usefulness of this ontology. A case study using the proposed multi-agent platform is presented, considering a scenario based on real data that simulates the European Electricity Market environment, and comparing its performance using different market mechanisms. The main goal is to demonstrate the advantages that the integration of various market models and simulation platforms have for the study of the electricity markets’ evolution.pt_PT
dc.identifier.doi10.1016/j.enconman.2015.04.042pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.22/7326
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherElsevierpt_PT
dc.relation.ispartofseriesEnergy Conversion and Management;Vol. 99
dc.relation.publisherversionhttp://www.sciencedirect.com/science/article/pii/S0196890415003969pt_PT
dc.subjectDecision support in power systemspt_PT
dc.subjectElectricity market simulationpt_PT
dc.subjectMulti-agent systemspt_PT
dc.subjectOntologiespt_PT
dc.titleMulti-agent simulation of competitive electricity markets: Autonomous systems cooperation for European market modelingpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage399pt_PT
oaire.citation.startPage387pt_PT
oaire.citation.volume99pt_PT
person.familyNamePinto
person.familyNameMorais
person.familyNamePraça
person.familyNameVale
person.givenNameTiago
person.givenNameHugo
person.givenNameIsabel
person.givenNameZita
person.identifierR-000-T7J
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rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
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