Campus Units

Economics

Document Type

Conference Proceeding

Conference

2006 IEEE Power Engineering Society General Meeting

Publication Version

Accepted Manuscript

Link to Published Version

http://dx.doi.org/10.1109/PES.2006.1708927

Publication Date

2006

Journal or Book Title

Proceedings of the IEEE Power and Energy Society General Meeting

DOI

10.1109/PES.2006.1708927

Conference Title

2006 IEEE Power Engineering Society General Meeting

Conference Date

June 18-22, 2006

City

Montreal, Canada

Abstract

Power industry restructuring continues to evolve at multiple levels of system operations. At the bulk electricity level, several organizations charged with regional system operation are implementing versions of a wholesale power market platform (WPMP) in response to U.S. Federal Energy Regulatory Commission initiatives. Recently the Energy Policy Act of 2005 and several regional initiatives have been pressing the integration of demand response as a resource for system operations. These policy and regulatory pressures are driving the exploration of new market designs at the wholesale and retail levels. The complex interplay among structural conditions, market protocols, and learning behaviors in relation to short-term and longer-term market performance demand a flexible computational environment where designs can be tested and sensitivities to power system and market rule changes can be explored. This paper discusses the use of agent-based computational methods for the study of electricity markets at the wholesale and retail levels, and explores distinctions in problem formulation between these levels

Comments

© 2006 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. DOI: 10.1109/PES.2006.1708927

Copyright Owner

IEEE

Language

en

File Format

application/pdf

Published Version

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Article Location

 
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