F. Kühnlenz and P. H. J. Nardelli, "Agent-based model for spot and balancing electricity markets," 2017 IEEE International Conference on Communications Workshops (ICC Workshops), Paris, 2017, pp. 1123-1127. doi: 10.1109/ICCW.2017.7962809
Agent-based model for spot and balancing electricity markets
|Author:||Kühnlenz, Florian1; Nardelli, Pedro H. J.1|
1Centre for Wireless Communications (CWC) University of Oulu, Finland
|Online Access:||PDF Full Text (PDF, 0.5 MB)|
|Persistent link:|| http://urn.fi/urn:nbn:fi-fe2018080833534
Institute of Electrical and Electronics Engineers,
|Publish Date:|| 2018-08-08
We present a simple, yet realistic, agent-based model of an electricity market. The proposed model combines the spot and balancing markets with a resolution of one minute, which enables a more accurate depiction of the physical properties of the power grid. As a test, we compare the results obtained from our simulation to data from Nord Pool.
IEEE International Conference on Communications
|Pages:||1123 - 1127|
2017 IEEE International Conference on Communications Workshops, ICC Workshops 2017; Paris; France; 21 May - 25 May 2017
IEEE International Conference on Communication
|Type of Publication:||
A4 Article in conference proceedings
|Field of Science:||
113 Computer and information sciences
This work is partly funded by Finnish Academy (n. 271150) and CNPq/Brazil (n.490235/2012-3) as part of the joint project SUSTAIN, by Strategic Research Council/Aka BC-DC project (n.292854) and by the European Commission through the P2P-SmarTest project (n.646469).
|EU Grant Number:||
(646469) P2P-SmarTest - Peer to Peer Smart Energy Distribution Networks (P2P-SmartTest)
|Academy of Finland Grant Number:||
271150 (Academy of Finland Funding decision)
292854 (Academy of Finland Funding decision)
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