Elspot: Nord Pool Spot Integration in MASCEM Electricity Market Simulator

Ricardo Fernandes, Gabriel Santos, Isabel Praca, Tiago Pinto, Hugo Morais, Ivo F. Pereira, Zita Vale

Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

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 elect ricity 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).
Original languageEnglish
Title of host publicationHighlights of Practical Applications of Heterogeneous Multi-Agent Systems. : The PAAMS Collection
EditorsJ.M. Corchado
PublisherSpringer
Publication date2014
Pages262-272
ISBN (Print)978-3-319-07766-6
ISBN (Electronic)978-3-319-07767-3
DOIs
Publication statusPublished - 2014
EventPAAMS 2014: 12th International Conference on Practical Applications of Agents and Multi-Agent Systems - University of Salamanca, Salamanca, Spain
Duration: 4 Jul 20146 Jul 2014

Conference

ConferencePAAMS 2014
LocationUniversity of Salamanca
CountrySpain
CitySalamanca
Period04/07/201406/07/2014
SeriesCommunications in Computer and Information Science
Volume430

Cite this

Fernandes, R., Santos, G., Praca, I., Pinto, T., Morais, H., Pereira, I. F., & Vale, Z. (2014). Elspot: Nord Pool Spot Integration in MASCEM Electricity Market Simulator. In J. M. Corchado (Ed.), Highlights of Practical Applications of Heterogeneous Multi-Agent Systems.: The PAAMS Collection (pp. 262-272). Springer. Communications in Computer and Information Science, Vol.. 430 https://doi.org/10.1007/978-3-319-07767-3_24