Degree Type
Thesis
Date of Award
2007
Degree Name
Master of Science
Department
Electrical and Computer Engineering
First Advisor
Chen-Ching Liu
Abstract
The Day-Ahead electricity market is modeled as a multi-agent system with interacting agents including supplier agents, Load Serving Entities, and a Market Operator. Simulation of the market clearing results under the scenario in which agents have learning capabilities is compared with the scenario where agents report true marginal costs. It is shown that, with Q-Learning, electricity suppliers are making more profits compared to the scenario without learning due to strategic gaming. As a result, the LMP at each bus is substantially higher.
DOI
https://doi.org/10.31274/rtd-180813-15826
Publisher
Digital Repository @ Iowa State University, http://lib.dr.iastate.edu/
Copyright Owner
Nanpeng Yu
Copyright Date
2007
Language
en
Proquest ID
AAI1447491
OCLC Number
224515936
ISBN
9780549334200
File Format
application/pdf
File Size
40 pages
Recommended Citation
Yu, Nanpeng, "Modeling of suppliers' learning behaviors in an electricity market environment" (2007). Retrospective Theses and Dissertations. 14641.
https://lib.dr.iastate.edu/rtd/14641
