MASCEM: EPEX SPOT Day-Ahead market integration and simulation

Gabriel Santos, Ricardo Fernandes, Tiago Pinto, Isabel Praca, Zita Vale, Hugo Morais

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

The energy sector restructuring process in industrialized countries had the aim of reducing electricity prices by increasing competitiveness, and facilitate the integration of distributed energy resources. However, the complexity in market players' interactions has increased, and new problems have emerged. Decision support tools that facilitate the study and comprehension of these markets became extremely useful, providing players with competitive advantage. MASCEM (Multi-Agent Simulator of Competitive Electricity Markets) arises in this context, modeling and simulating real electricity markets. It is crucial to MASCEM to have the ability to simulate as many market models and player types as possible, thus enhancing the ability to recreate the electricity markets reality in its maximum possible extent. This paper presents the EPEX Spot Day-Ahead market integration in MASCEM. EPEX Spot SE's mission is to lead European markets coupling in a single unified market, thus being crucial for the study of competitive electricity markets.
Original languageEnglish
Title of host publicationProceedings of 18th International Conference on Intelligent System Application to Power Systems
PublisherIEEE
Publication date2015
Pages1-5
ISBN (Print)9781509001910
DOIs
Publication statusPublished - 2015
Event18th International Conference on Intelligent System Application to Power Systems - Porto, Portugal
Duration: 11 Sep 201516 Sep 2015
Conference number: 18
http://isap2015.inesctec.eu/

Conference

Conference18th International Conference on Intelligent System Application to Power Systems
Number18
CountryPortugal
CityPorto
Period11/09/201516/09/2015
Internet address

Keywords

  • Computing and Processing
  • Power, Energy and Industry Applications
  • Adaptive systems
  • Companies
  • Context
  • Day-Ahead Market
  • Electricity Markets
  • Europe
  • Multi-Agent Simulation
  • Power markets
  • Power systems

Cite this

Santos, G., Fernandes, R., Pinto, T., Praca, I., Vale, Z., & Morais, H. (2015). MASCEM: EPEX SPOT Day-Ahead market integration and simulation. In Proceedings of 18th International Conference on Intelligent System Application to Power Systems (pp. 1-5). IEEE. https://doi.org/10.1109/ISAP.2015.7325554