LREMS: a long term electricity market simulator based on game theory

被引:8
|
作者
Migliavacca, G. [1 ]
Benini, M. [1 ]
Gallanti, M. [1 ]
Bompard, E. [2 ]
Carpaneto, E. [2 ]
Ciwei, G. [2 ]
机构
[1] CESI Ric SpA, Via Rubattino 54, I-20134 Milan, Italy
[2] Polytech Univ Torino, Dept Elect Engn, Turin, Italy
关键词
electricity markets; strategic bidding; long run simulator; game theory;
D O I
10.1109/PSCE.2006.296498
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
This paper outlines the main features of LREMS, an electricity market simulator based on game theory allowing to simulate the long run evolution of a generation set (investment in new plants, refurbishment or dismission of older ones). LREMS is a hierarchic simulator: a long term "outer" game takes yearly investment decisions based on mid-term price projections provided by an "inner" medium run market simulator. The latter, also based on game theory, calculates the hourly market clearing over a yearly time horizon taking into account the strategic bidding of the market leaders while optimally allocating the hydro resources within each month. A third game is devoted to calculate periodically the unit commitment of the thermal units. An application of LREMS studying the evolution of the Italian electricity market in the next twenty years is also presented.
引用
收藏
页码:1333 / +
页数:3
相关论文
共 50 条
  • [41] Transmission Price Simulator in a Liberalized Electricity Market
    Ferreira, Judite
    Vale, Zita
    Cardoso, Jose
    Puga, Ricardo
    [J]. 2008 5TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ELECTRICITY MARKET, VOLS 1 AND 2, 2008, : 282 - +
  • [42] Power engineering lab:: Electricity market simulator
    Contreras, J
    Conejo, AJ
    de la Torre, S
    Muñoz, MG
    [J]. IEEE TRANSACTIONS ON POWER SYSTEMS, 2002, 17 (02) : 223 - 228
  • [43] Cooperative Game Theory Based Load Balancing in Long Term Evolution Network
    Saha, Subarno
    Hossain, Rajkin
    Khan, Md. Muhidul Islam
    [J]. 2015 INTERNATIONAL CONFERENCE ON COMPUTER AND INFORMATION ENGINEERING (ICCIE), 2015, : 154 - 157
  • [44] Simulator and Robot-Based Game for Learning Automata Theory
    Hamada, Mohamed
    Sato, Sayota
    [J]. ENTERTAINMENT FOR EDUCATION: DIGITAL TECHNIQUES AND SYSTEMS, 2010, 6249 : 429 - 437
  • [45] A Multidisciplinary Approach to Model Long-Term Investments in Electricity Generation: Combining System Dynamics, Credit Risk Theory and Game Theory
    Sanchez, J. J.
    Barquin, J.
    Centeno, E.
    Lopez-Pena, A.
    [J]. 2008 IEEE POWER & ENERGY SOCIETY GENERAL MEETING, VOLS 1-11, 2008, : 3406 - 3413
  • [46] Bidding Strategy Among Multi-party Electricity Sellers Based on Zero-Sum Game Theory in Complex Electricity Market Environment
    Sun, Qingkai
    Fan, Menghua
    Lv, Chen
    Ma, Qiuyang
    Yang, Su
    [J]. PROCEEDINGS OF 2023 INTERNATIONAL CONFERENCE ON WIRELESS POWER TRANSFER, VOL 2, ICWPT 2023, 2024, 1159 : 523 - 530
  • [47] Impact of Long-Term Transactions on Strategic Bidding in the Electricity Market
    Ji, Tianyao
    Yang, Yueyong
    Jing, Zhaoxia
    [J]. CSEE JOURNAL OF POWER AND ENERGY SYSTEMS, 2023, 9 (06): : 2090 - 2098
  • [48] GENCO's Long Term Expansion Model in a Competitive Electricity Market
    Hernandez-Gonzalez, D.
    Gutierrez-Alcaraz, G.
    [J]. 2009 IEEE POWER & ENERGY SOCIETY GENERAL MEETING, VOLS 1-8, 2009, : 5076 - 5082
  • [49] Long-term Memory in Electricity Prices: Czech Market Evidence
    Kristoufek, Ladislav
    Lunackova, Petra
    [J]. FINANCE A UVER-CZECH JOURNAL OF ECONOMICS AND FINANCE, 2013, 63 (05): : 407 - 424
  • [50] Market structure in the US electricity industry: A long-term perspective
    Kamerschen, DR
    Klein, PG
    Porter, DV
    [J]. ENERGY ECONOMICS, 2005, 27 (05) : 731 - 751