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

doi:10.1007/978-3-319-07767-3_24

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

Instituto Politécnico do Porto

Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-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 language	English
Title of host publication	Highlights of Practical Applications of Heterogeneous Multi-Agent Systems. : The PAAMS Collection
Editors	J.M. Corchado
Publisher	Springer
Publication date	2014
Pages	262-272
ISBN (Print)	978-3-319-07766-6
ISBN (Electronic)	978-3-319-07767-3
DOIs	https://doi.org/10.1007/978-3-319-07767-3_24
Publication status	Published - 2014
Event	12th International Conference on Practical Applications of Agents and Multi-Agent Systems - University of Salamanca, Salamanca, Spain Duration: 4 Jul 2014 → 6 Jul 2014

Conference

Conference	12th International Conference on Practical Applications of Agents and Multi-Agent Systems
Location	University of Salamanca
Country/Territory	Spain
City	Salamanca
Period	04/07/2014 → 06/07/2014

Series	Communications in Computer and Information Science
Volume	430

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Cite this

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title = "Elspot: Nord Pool Spot Integration in MASCEM Electricity Market Simulator",

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). ",

author = "Ricardo Fernandes and Gabriel Santos and Isabel Praca and Tiago Pinto and Hugo Morais and Pereira, \{Ivo F.\} and Zita Vale",

year = "2014",

doi = "10.1007/978-3-319-07767-3\_24",

language = "English",

isbn = "978-3-319-07766-6",

series = "Communications in Computer and Information Science",

publisher = "Springer",

pages = "262--272",

editor = "Corchado, \{J.M. \}",

booktitle = "Highlights of Practical Applications of Heterogeneous Multi-Agent Systems.",

note = "12th International Conference on Practical Applications of Agents and Multi-Agent Systems, PAAMS 2014 ; Conference date: 04-07-2014 Through 06-07-2014",

}

Fernandes, R, Santos, G, Praca, I, Pinto, T, Morais, H, Pereira, IF & Vale, Z 2014, Elspot: Nord Pool Spot Integration in MASCEM Electricity Market Simulator. in JM Corchado (ed.), Highlights of Practical Applications of Heterogeneous Multi-Agent Systems.: The PAAMS Collection. Springer, Communications in Computer and Information Science, vol. 430, pp. 262-272, 12th International Conference on Practical Applications of Agents and Multi-Agent Systems, Salamanca, Spain, 04/07/2014. https://doi.org/10.1007/978-3-319-07767-3_24

Elspot: Nord Pool Spot Integration in MASCEM Electricity Market Simulator. / Fernandes, Ricardo ; Santos, Gabriel; Praca, Isabel et al.
Highlights of Practical Applications of Heterogeneous Multi-Agent Systems.: The PAAMS Collection. ed. / J.M. Corchado. Springer, 2014. p. 262-272 (Communications in Computer and Information Science, Vol. 430).

Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review

TY - CHAP

T1 - Elspot: Nord Pool Spot Integration in MASCEM Electricity Market Simulator

AU - Fernandes, Ricardo

AU - Santos, Gabriel

AU - Praca, Isabel

AU - Pinto, Tiago

AU - Morais, Hugo

AU - Pereira, Ivo F.

AU - Vale, Zita

PY - 2014

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N2 - 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).

AB - 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).

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BT - Highlights of Practical Applications of Heterogeneous Multi-Agent Systems.

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