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Elspot: Nord Pool Spot Integration in MASCEM Electricity Market Simulator

  • Ricardo Fernandes
  • Gabriel Santos
  • Isabel Praça
  • Tiago Pinto
  • Hugo Morais
  • Ivo F. Pereira
  • Zita Vale
Conference paper
Part of the Communications in Computer and Information Science book series (CCIS, volume 430)

Abstract

The energy sector in industrialized countries has been restructured in the last years, with the purpose of decreasing electricity prices through the increase in competition, and facilitating the integration of distributed energy resources. However, the restructuring process increased the complexity in market players’ interactions and generated emerging problems and new issues to be addressed. In order to provide players with competitive advantage in the market, decision support tools that facilitate the study and understanding of these markets become extremely useful. In this context arises MASCEM (Multi-Agent Simulator of Competitive Electricity Markets), a multi-agent based simulator that models real electricity markets. To reinforce MASCEM with the capability of recreating the electricity markets reality in the fullest possible extent, it is crucial to make it able to simulate as many market models and player types as possible. This paper presents a new negotiation model implemented in MASCEM based on the negotiation model used in day-ahead market (Elspot) of Nord Pool. This is a key module to study competitive electricity markets, as it presents well defined and distinct characteristics from the already implemented markets, and it is a reference electricity market in Europe (the one with the larger amount of traded power).

Keywords

Electricity Market Block Order Distribute Energy Resource Negotiation Context Competitive Electricity Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Ricardo Fernandes
    • 1
  • Gabriel Santos
    • 1
  • Isabel Praça
    • 1
  • Tiago Pinto
    • 1
  • Hugo Morais
    • 2
  • Ivo F. Pereira
    • 1
  • Zita Vale
    • 1
  1. 1.GECAD – Knowledge Engineering and Decision-Support Research CenterInstitute of Engineering – Politechnic of Porto (ISEP/IPP)PortoPortugal
  2. 2.Automation and Control GroupTechnical University of DenmarkDenmark

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