A design and simulation of a Brazilian bid based short-term electricity market

Detalhes bibliográficos
Autor(a) principal: João Tomé Saraiva
Data de Publicação: 2016
Outros Autores: Felipe Alves Calabria, Ana Paula Rocha
Tipo de documento: Livro
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/10216/84373
Resumo: In order to overcome a number of difficulties detected on the Brazilian electricity market this paper proposes and tests a bid based short-term market. To simulate the behavior of the hydros in this new market, it was implemented an Agent-Based Model - ABM using the reinforcement QLearning algorithm, Simulated Annealing, and linear programming. In the simulations we used real data from the Brazilian power system encompassing more than 98% of the total hydro installed capacity and three years of market data. The results indicate that the management of (virtual) reservoirs can be under the responsibility of each hydro, which could save water according to their own risk perception, while it is maintained the current efficiency and security levels. Results also suggest that the final monthly short-term market prices can substantially decrease in comparison with the current prices.
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spelling A design and simulation of a Brazilian bid based short-term electricity marketEngenharia electrotécnica, Engenharia electrotécnica, electrónica e informáticaElectrical engineering, Electrical engineering, Electronic engineering, Information engineeringIn order to overcome a number of difficulties detected on the Brazilian electricity market this paper proposes and tests a bid based short-term market. To simulate the behavior of the hydros in this new market, it was implemented an Agent-Based Model - ABM using the reinforcement QLearning algorithm, Simulated Annealing, and linear programming. In the simulations we used real data from the Brazilian power system encompassing more than 98% of the total hydro installed capacity and three years of market data. The results indicate that the management of (virtual) reservoirs can be under the responsibility of each hydro, which could save water according to their own risk perception, while it is maintained the current efficiency and security levels. Results also suggest that the final monthly short-term market prices can substantially decrease in comparison with the current prices.2016-06-062016-06-06T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/bookapplication/pdfhttps://hdl.handle.net/10216/84373eng10.1109/EEM.2016.7521263João Tomé SaraivaFelipe Alves CalabriaAna Paula Rochainfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-29T12:46:15Zoai:repositorio-aberto.up.pt:10216/84373Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T23:26:24.875054Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv A design and simulation of a Brazilian bid based short-term electricity market
title A design and simulation of a Brazilian bid based short-term electricity market
spellingShingle A design and simulation of a Brazilian bid based short-term electricity market
João Tomé Saraiva
Engenharia electrotécnica, Engenharia electrotécnica, electrónica e informática
Electrical engineering, Electrical engineering, Electronic engineering, Information engineering
title_short A design and simulation of a Brazilian bid based short-term electricity market
title_full A design and simulation of a Brazilian bid based short-term electricity market
title_fullStr A design and simulation of a Brazilian bid based short-term electricity market
title_full_unstemmed A design and simulation of a Brazilian bid based short-term electricity market
title_sort A design and simulation of a Brazilian bid based short-term electricity market
author João Tomé Saraiva
author_facet João Tomé Saraiva
Felipe Alves Calabria
Ana Paula Rocha
author_role author
author2 Felipe Alves Calabria
Ana Paula Rocha
author2_role author
author
dc.contributor.author.fl_str_mv João Tomé Saraiva
Felipe Alves Calabria
Ana Paula Rocha
dc.subject.por.fl_str_mv Engenharia electrotécnica, Engenharia electrotécnica, electrónica e informática
Electrical engineering, Electrical engineering, Electronic engineering, Information engineering
topic Engenharia electrotécnica, Engenharia electrotécnica, electrónica e informática
Electrical engineering, Electrical engineering, Electronic engineering, Information engineering
description In order to overcome a number of difficulties detected on the Brazilian electricity market this paper proposes and tests a bid based short-term market. To simulate the behavior of the hydros in this new market, it was implemented an Agent-Based Model - ABM using the reinforcement QLearning algorithm, Simulated Annealing, and linear programming. In the simulations we used real data from the Brazilian power system encompassing more than 98% of the total hydro installed capacity and three years of market data. The results indicate that the management of (virtual) reservoirs can be under the responsibility of each hydro, which could save water according to their own risk perception, while it is maintained the current efficiency and security levels. Results also suggest that the final monthly short-term market prices can substantially decrease in comparison with the current prices.
publishDate 2016
dc.date.none.fl_str_mv 2016-06-06
2016-06-06T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/book
format book
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/10216/84373
url https://hdl.handle.net/10216/84373
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1109/EEM.2016.7521263
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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