Agent-based simulation of short-term energy markets for highly distributed power systems

Research output: Contribution to conferencePaper

Abstract

In this paper the necessity for a simulation platform capable of modelling existing and novel wholesale electricity market architectures, such that their ability to accommodate significant volumes of distributed generation may be investigated, is explained. Research that has used agent-based simulation to investigate features of electricity markets in the past is reviewed and the outcomes of the work described. Extensions and additions to the capabilities of the simulators used in previous research, required for application specifically to highly distributed power systems, are identified along with the issues perceived likely to prove most challenging. Details of the unique approach being taken in the development of a simulator are given and the aims of some initial experimentation specified.

Conference

Conference41st International Universities Power Engineering Conference
CountryUnited Kingdom
CityNewcastle
Period6/09/068/09/06

Fingerprint

Simulators
Distributed power generation
Power markets

Keywords

  • agent-based
  • simulation
  • short-term energy markets
  • highly distributed power system

Cite this

Lincoln, R., Galloway, S. J., Burt, G. M., & McDonald, J. R. (2006). Agent-based simulation of short-term energy markets for highly distributed power systems. 198-202. Paper presented at 41st International Universities Power Engineering Conference , Newcastle, United Kingdom. https://doi.org/10.1109/UPEC.2006.367743
Lincoln, R. ; Galloway, S.J. ; Burt, G.M. ; McDonald, J.R. / Agent-based simulation of short-term energy markets for highly distributed power systems. Paper presented at 41st International Universities Power Engineering Conference , Newcastle, United Kingdom.5 p.
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title = "Agent-based simulation of short-term energy markets for highly distributed power systems",
abstract = "In this paper the necessity for a simulation platform capable of modelling existing and novel wholesale electricity market architectures, such that their ability to accommodate significant volumes of distributed generation may be investigated, is explained. Research that has used agent-based simulation to investigate features of electricity markets in the past is reviewed and the outcomes of the work described. Extensions and additions to the capabilities of the simulators used in previous research, required for application specifically to highly distributed power systems, are identified along with the issues perceived likely to prove most challenging. Details of the unique approach being taken in the development of a simulator are given and the aims of some initial experimentation specified.",
keywords = "agent-based, simulation, short-term energy markets, highly distributed power system",
author = "R. Lincoln and S.J. Galloway and G.M. Burt and J.R. McDonald",
year = "2006",
doi = "10.1109/UPEC.2006.367743",
language = "English",
pages = "198--202",
note = "41st International Universities Power Engineering Conference ; Conference date: 06-09-2006 Through 08-09-2006",

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Lincoln, R, Galloway, SJ, Burt, GM & McDonald, JR 2006, 'Agent-based simulation of short-term energy markets for highly distributed power systems' Paper presented at 41st International Universities Power Engineering Conference , Newcastle, United Kingdom, 6/09/06 - 8/09/06, pp. 198-202. https://doi.org/10.1109/UPEC.2006.367743

Agent-based simulation of short-term energy markets for highly distributed power systems. / Lincoln, R.; Galloway, S.J.; Burt, G.M.; McDonald, J.R.

2006. 198-202 Paper presented at 41st International Universities Power Engineering Conference , Newcastle, United Kingdom.

Research output: Contribution to conferencePaper

TY - CONF

T1 - Agent-based simulation of short-term energy markets for highly distributed power systems

AU - Lincoln, R.

AU - Galloway, S.J.

AU - Burt, G.M.

AU - McDonald, J.R.

PY - 2006

Y1 - 2006

N2 - In this paper the necessity for a simulation platform capable of modelling existing and novel wholesale electricity market architectures, such that their ability to accommodate significant volumes of distributed generation may be investigated, is explained. Research that has used agent-based simulation to investigate features of electricity markets in the past is reviewed and the outcomes of the work described. Extensions and additions to the capabilities of the simulators used in previous research, required for application specifically to highly distributed power systems, are identified along with the issues perceived likely to prove most challenging. Details of the unique approach being taken in the development of a simulator are given and the aims of some initial experimentation specified.

AB - In this paper the necessity for a simulation platform capable of modelling existing and novel wholesale electricity market architectures, such that their ability to accommodate significant volumes of distributed generation may be investigated, is explained. Research that has used agent-based simulation to investigate features of electricity markets in the past is reviewed and the outcomes of the work described. Extensions and additions to the capabilities of the simulators used in previous research, required for application specifically to highly distributed power systems, are identified along with the issues perceived likely to prove most challenging. Details of the unique approach being taken in the development of a simulator are given and the aims of some initial experimentation specified.

KW - agent-based

KW - simulation

KW - short-term energy markets

KW - highly distributed power system

U2 - 10.1109/UPEC.2006.367743

DO - 10.1109/UPEC.2006.367743

M3 - Paper

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Lincoln R, Galloway SJ, Burt GM, McDonald JR. Agent-based simulation of short-term energy markets for highly distributed power systems. 2006. Paper presented at 41st International Universities Power Engineering Conference , Newcastle, United Kingdom. https://doi.org/10.1109/UPEC.2006.367743