Presentation
An agent-based computational laboratory for testing the economic reliability of wholesale power market designs
Proceedings of the IEEE Power and Energy Society General Meeting
Document Type
Conference Proceeding
Disciplines
Conference
2005 IEEE Power Engineering Society General Meeting
Publication Version
Accepted Manuscript
Link to Published Version
http://dx.doi.org/10.1109/PES.2005.148927
Publication Date
1-1-2005
DOI
10.1109/PES.2005.148927
Conference Title
2005 IEEE Power Engineering Society General Meeting
Conference Date
June 16, 2005
Geolocation
(37.7749295, -122.41941550000001)
Abstract
In April 2003 the U.S. Federal Energy Regulatory Commission proposed the wholesale power market platform (WPMP) for adoption by all U.S. wholesale power markets. The WPMP market design envisions day-ahead, real-time, and ancillary service markets maintained and operated by an independent system operator or regional transmission organization. Previous work reports on the development of an agent-based model for testing the economic reliability of the WPMP market design. This paper reports on the implementation of this model as an agent-based computational laboratory. Initial experiments focusing on optimal power flow solution methods for the day-ahead and real-time markets are also discussed.
Copyright Owner
IEEE
Copyright Date
2005
Language
en
File Format
application/pdf
Citation Information
D. Koesrinartoto, Junjie Sun and Leigh Tesfatsion. "An agent-based computational laboratory for testing the economic reliability of wholesale power market designs" San Francisco, CAProceedings of the IEEE Power and Energy Society General Meeting (2005) p. 931 - 936 Available at: http://works.bepress.com/leigh-tesfatsion/50/
© 2005 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. DOI:10.1109/PES.2005.1489273