MASCEM: EPEX SPOT Day-Ahead market integration and simulation

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

doi:10.1109/ISAP.2015.7325554

MASCEM: EPEX SPOT Day-Ahead market integration and simulation

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

Polytechnic Institute of Porto

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-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 language	English
Title of host publication	Proceedings of 18th International Conference on Intelligent System Application to Power Systems
Publisher	IEEE
Publication date	2015
Pages	1-5
ISBN (Print)	9781509001910
DOIs	https://doi.org/10.1109/ISAP.2015.7325554
Publication status	Published - 2015
Event	18th International Conference on Intelligent System Application to Power Systems - Porto, Portugal Duration: 11 Sept 2015 → 16 Sept 2015 Conference number: 18 http://isap2015.inesctec.eu/

Conference

Conference	18th International Conference on Intelligent System Application to Power Systems
Number	18
Country/Territory	Portugal
City	Porto
Period	11/09/2015 → 16/09/2015
Internet address	http://isap2015.inesctec.eu/

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

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10.1109/ISAP.2015.7325554

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title = "MASCEM: EPEX SPOT Day-Ahead market integration and simulation",

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.",

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",

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year = "2015",

doi = "10.1109/ISAP.2015.7325554",

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booktitle = "Proceedings of 18th International Conference on Intelligent System Application to Power Systems",

publisher = "IEEE",

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note = "18th International Conference on Intelligent System Application to Power Systems, ISAP 2015 ; Conference date: 11-09-2015 Through 16-09-2015",

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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. IEEE, pp. 1-5, 18th International Conference on Intelligent System Application to Power Systems, Porto, Portugal, 11/09/2015. https://doi.org/10.1109/ISAP.2015.7325554

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AU - Fernandes, Ricardo

AU - Pinto, Tiago

AU - Praca, Isabel

AU - Vale, Zita

AU - Morais, Hugo

N1 - Conference code: 18

PY - 2015

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AB - 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.

KW - Computing and Processing

KW - Power, Energy and Industry Applications

KW - Adaptive systems

KW - Companies

KW - Context

KW - Day-Ahead Market

KW - Electricity Markets

KW - Europe

KW - Multi-Agent Simulation

KW - Power markets

KW - Power systems

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M3 - Article in proceedings

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BT - Proceedings of 18th International Conference on Intelligent System Application to Power Systems

PB - IEEE

T2 - 18th International Conference on Intelligent System Application to Power Systems

Y2 - 11 September 2015 through 16 September 2015

ER -

MASCEM: EPEX SPOT Day-Ahead market integration and simulation

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